Benefits of ULIPs

Benefits of ULIPs
Unit Linked Plans offer unique opportunity to combine protection with
investments. Some special features of Unit Linked Life Insurance
Policies (ULIPs) are: •
Provides flexibility in investmentsULIPs offer a complete selection of
high, medium and low risk investment options under the same policy.
You can choose an appropriate policy according to your risk taking
appetite, coupled with the opportunity to switch between fund options
without any additional expense. ULIPs provide the flexibility to
choose the sum assured and investment ratio in the annual targeted
premium. It also offers the flexibility of one time increase in
investment portfolio, through top-ups to avail investment opportunity
offered by external environment or own income flows.
• Transparency
The charge structure, value of investment and expected IRR based on 6%
and 10% rate of returns, for the complete tenure of the policy are
shared with you before you buy a product. Similarly, the annual
account statement, quarterly investment portfolio and daily NAV
reporting, ensures that you are aware of the status of your investment
portfolio at all times. Most companies publish latest NAVs on their
respective websites.
• Liquidity
To cope with unforeseen circumstances, ULIPs offer the benefit of
partial withdrawal; wherein after 3 years you can withdraw funds from
our Unit Linked account, retaining only the stipulated minimum amount.
• Disciplined and regular savings
ULIPs help you inculcate a regular saving habit. Also, the average
unit costs tend to be lower than one time investment.
• Multiple benefits bundled in one product
ULIP is an outstanding solution for risk cover, long term investments
with the benefit of various investment opportunities, coupled with tax
benefits.
• Spread of risk
ULIPS are ideal for those investors who wish to avail the benefit of
market linked growth without actually participating in the stock