Unit-Linked Insurance Plan (ULIP)

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Unit-Linked Insurance Plan (ULIP)
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Whats a ULIP and How does it work?

• A Unit-Linked Insurance Plan or a ULIP is a
  hybrid type of plan offered by insurance
  companies that gives you the benefit of both
  Insurance as well as Investments.
• In a ULIP, a part of the premium that you pay is
  allocated towards insurance and the remaining is
  utilized for investment in funds available within
  the plan.
• In this way, ULIP gives you both insurance cover
  as well as returns on investment through a
  singular medium.
• Max Life Fast Track Plan by Axis Bank is a good
  example of a ULIP where you get to select from
  six funds and shorter payment terms for quicker
  accumulation of returns through investment along
  with the insurance cover.

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Types of Funds under ULIP
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Risk Return Graph
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Special Features of ULIPs
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ULIP Charges
When selecting a ULIP, understand all the charges
involved like fund management fee, premium
allocation fee, surrender charges, administration
and service charges.
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