Investing Hard Earned Money in ULIPs in India

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Ulip Insurance India
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Investing Hard Earned Money in ULIPs in India
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Introduction
Until recession struck and the stock markets saw
a steep fall, these used to be one of the widely
sold products by insurance companies in India.
However, a crashing stock market shattered the
hopes of investors who were pained to see the NAV
of their policies plunging down and putting them
into losses. Fundamentally, Ulip Insurance India
remain a good investment vehicle but the
extraordinary returns that the stock market
offered in the bull time had raised expectations
of the investors to wildest levels. These
investment plans are actually intended to be
investment for a long term hence buyers should
avoid making judgment by observing its
performance over a short term.
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ULIPs in India are now more attractive and safe
In the year 2010, with a view to protect the
interest of the consumers, IRDA had introduced a
few changes in the Ulip Insurance India . IRDA
made it mandatory for such plans to have a 5 year
lock in period. It also revised the structure of
charges.
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The way to go about investing your hard earned
money 
If your past experience with ULIPs has not been
pleasant, it is wise that you rather not be
biased. You can hope for good investment returns
from your unit linked saving plan by being
disciplined and prudent. 1) Allow your money to
remain invested for a longer term - In case, the
markets fall, do not panic to liquidate. Rather
continue with your premium payment and be assured
of decent return rates. 2) Plan your premium
payment as a systematic investment plan - Rather
than paying your premium in one shot, opt for the
systematic investment option under which you can
stagger the payment of the premium over a 12
month period. A few ULIPs also offer the investor
an option of switching between investment plans.
Currently, if you have invested in a 100 percent
equity saving plan and you have a sense that the
equity market will be underperforming during the
year, you can switch your investment into an
saving plan that primarily comprises debt. A unit
linked investment plan will allow you a free
number of switches every year. These days, some
insurance companies are offering new versions of
these investment options for money back policy in
order to get back customers
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Buy a ULIP online 
It is preferred that you buy Ulip Insurance India
online as it can save you the cost of agent
commissions. In fact, some insurance companies in
India are offering these saving plan only as an
online offering in an attempt to save on the
distribution cost and pass on the benefit to
the policyholder in terms of lower policy
charges. Moreover, when you buy a policy online,
you also get the facility to compare various
plans whilst sitting in the comfort of your home,
so that you may buy a policy that fits your needs
as well as your pocket.
Sourcehttp//bit.ly/2bJGDFm
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