India Insurance - Unit Linked Insurance Plan (ULIP)

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Best ULIP Insurance plan
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India Insurance - Unit Linked Insurance Plan
(ULIP)
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• In India, Unit Linked Insurance Policies (ULIPs)
  are insurance policies that combine risk coverage
  with investing in the stock/debt markets. In
  effect, they are designed to behave as normal
  insurance policies plus mutual funds.
• An investor's contribution to ULIPs gets invested
  in specific types of portfolios that he/she
  chooses. The policy typically pays back based on
  market returns on investments at the end of the
  insured period. Therefore, it forms an
  interesting savings instrument that can get good
  risk cover.
• Features of ULIPs include
• 1.Units allotted under ULIP schemes have Net
  Asset Values (NAV) declared regularly, like a
  mutual fund
• 2.Investors can invest across types of portfolios
  similar to mutual funds - growth equity,
  balanced, debt funds, etc. Investors can move
  across portfolios, typically at nominal costs
• 3.Investors can invest as a lump sum (single
  premium) or make premium payments on an annual,
  half-yearly, quarterly or monthly basis. Premium
  amounts can be changed over the course of ULIP's
  life

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• 4.Investments qualify under Section 80C of the
  Income Tax Act. Maturity proceeds from Best Ulip
  Insurance plan are tax free. There are no long
  term capital gains tax and 10 short term capital
  gains tax on equity portfolios within ULIP. For
  debt funds, long term capital gains tax is 10
  while short term is at the investor's marginal
  tax rate.
• 5.However, charges charged by insurance companies
  can be quite confusing - therefore, investors
  should compare them with similar mutual funds to
  see if charges quoted are reasonable.
• Despite their interesting structure and potential
  benefits, investors are better off clearly
  understanding portfolio types offered,
  performance of fund managers and expenses/fees
  before investing in ULIPs.

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