Why Retirement Financial Planning Is Critical

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Features of Unit Linked Insurance Plan
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• Unit linked insurance plan is a unique investment
  that gives you chance to enjoy twin benefits of
  protection through insurance and saving through
  investment. A part of such investment goes
  towards unit linked life insurance cover, while
  residual portion is invested in any investment
  fund such as stock, bonds etc. Investment in ULIP
  is denoted in units and is represented by the net
  asset value (NAV). The value of the policy varies
  according to the value of underlying assets.
  Invested amount of premium is pooled together
  after subtracting all associated charges and
  premium for risk cover to form a unit fund. A
  unit fund is a component of ULIP fund.

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• A unit linked insurance plan combines features
  and benefits of investment and insurance. Common
  features and benefits of unit linked life
  insurance plan have been discussed below
• Depending upon risk level, customers can choose
  to invest funds in various schemes such as debt,
  balance and equity funds under unit linked life
  insurance plan. If policyholders choose debt
  plan, they have to invest their premiums in debt
  securities like bonds, treasury bills etc. In
  case of equity plans, they have to pay their
  premium by investing in equity market.
• Policy holders can switch their money from one
  fund to another during the term of the policy.
• Policyholders can make lump sum addition to
  investment at any time which is known as top up.
  With this addition, the risk cover will remain
  same but amount going into fund for investment
  will change.

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• Policyholders can redirect current premium into
  any fund, in any proportion, irrespective of the
  fund in which it has been earlier invested.
• If policyholder does not pay premium in a
  particular year, no new units will be added to
  his fund. However, his fund will be reduced to
  the extent of additional charges such as
  administration, fund management etc.
• Policyholders can ship out of unit linked
  insurance plan at anytime by withdrawing the
  amount invested. The loss will be a nominal fee.

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• In order to choose right ULIP, it is essential to
  consider your saving budget and your risk bearing
  level. Also beware of any unscrupulous agents and
  if you choose any agent to instruct him to keep
  you regularly updated about your unit linked
  insurance plans. Many private and public
  organizations offers unit linked insurance
  products. It is essential to compare products
  offered by different companies on parameters such
  as risk, expenses, premium payments, returns etc.
  It is also advisable to be a knowledgeable
  investor and take help of unbiased, independent
  and experienced insurance agent to get best
  return from your ULIP investment.
• Terry Jonnathan is a specialist in article blog
  writing. Working with Insurance industry as a
  consultant has enriched his knowledge base and
  his passion for writing got fire. Now he has
  researching on Unit linked insurance planand he
  has find interesting fact related to this like
  what is the ULIP plans what is the best unit
  linked insurance plans for you .

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