An Overview On Unit-linked Insurance Plan By: Nandha | - While going for Unit Linked Insurance Plan it is necessary that one has sufficient information about its cost and features included in it. This is necessary so as to get the desired return at the end. A 40 year old man had invested in this insurance but later on found that the profit was due to the high initial cost. Though IRDA came for rescue but still it is essential that one on their part have sufficient information so that there are no adverse effects. Here are a few tips which you can keep ... Tags:ulip plan, what is ulip
Future Invest Is A Unit-linked Insurance Plan By: olm | - Future Invest is a unit-linked insurance plan (Ulip) from Bharti AXA Life Insurance. The plan has zero entry cost and premiums need to be paid for the initial five years. The maturity happens after 10 years.
Coverage
This is based on the age of the proposer. For those between ages 18 and 44 years, it will be fixed at 10 times the annual premium and for those between 45-70 years, it will be 7 times the annual premium.
Types Of Life Insurance By: jacksup | - Types Of Life Insurance
Life Insurance is a mutual agreement between an insurance policy holder and an insurer in which an insurer promises to pay a specific sum of money upon the death of the insured person.
Life Insurance basically covers the risk after your death as it provides the amount of money insured by you, to your family upon your death. Moreover, it also includes the risk upon your retirement as the insurance company provides you the specific amount of money that yo ... Tags:home loan, loan, personal laon, Life Insurance
Birla Sun Life Insurance- The Most Trusted Company In Insurance Sector By: Shankar Nath | - Birla Sun Life Insurance came into existence in the year 2000. Its a private life insurance organization and a joint venture between the Sun Life Financial Inc and the Aditya Birla Group. While Sun Life Financial Inc is a recognized global financial service provider based in Canada, Aditya Birla is a multi-national company based in India. In this joint venture, the Aditya Birla Group holds about 74% stake while the Sun Life Incorporated includes 26 percent equity.
Birla Sun Life Insurance- Why You Need It? By: Shankar Nath | - Birla Sun Life Insurance is a product of the joint venture between Aditya Birla Group, an Indian multi national company and Sun Life Financial Incorporated, a leading insurance company. In this joint venture, Sun Life holds 26 percent equity and Aditya Birla holds 74 percent stake.
Today, Birla Sun Life Insurance or the BSLI is well recognized as a major organization in financial solutions sector that first introduced the Business Community Plan. In India, Birla Sun Life became the ... Tags:Bajaj Allianz Life Insurance Online,
What Exactly Are Unit Linked Insurance Plans (ulips) ? By: jacksup | - In last few years ULIP is more popular among individuals rather than a term plan or an endowment plan. The people who have chosen term or endowment plan are switching to Ulips. Therefore it is very important to understand how ULIPs work
ULIP is an abbreviation of Unit Linked Insurance Policy.
Definition- ULIP is a combination of insurance & investments. Unlike traditional subject to the risk factors where the risk is borne by the policyholder, the investment risk is related wit ... Tags:home loan, loan, personal laon, Life Insurance
Hand Book For All Types Of Insurance Policies By: Andy Smith | - Insurance is a way of providing compensation if any loss, accidents or damages, death, illness etc occurred to its policy holders. A person who buys insurance policy is known as policy holder. The duty of policy holder towards insurer or insurance company is to pay money on regular basis. These regular payments are known as premiums. Payment of premiums can be paid in short intervals such as monthly, quarterly, half yearly, yearly basis.
Features Of Unit Linked Insurance Plan By: terry jonnathan | - 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 pr ... Tags:Unit linked insurance plan, unit linked insurance plans
Unit Linked Insurance Plans By: Jennie Kakkad | - Higher the rate of inflation, lesser is the value of money. This is a thumb rule to be kept in mind while making any long-term investment. Generally, at the time of making the investment, the return promised at maturity, usually 10-20 years, looks attractive. But when the realized amount is received on the maturity date, its value normally gets reduced to peanuts. This is because the rate of return could not match to the rate of rising inflation and other economic variables.
Private Insurers See Business Growing From This Month By: Bimadeals | - Private life insurers, which have been seeing a decline in new business since last August when the new unit-linked insurance plan (Ulip) guidelines came into force, are hopeful of posting good numbers from this month.
September onwards we are expecting a positive trend because the industry has been facing a sluggish growth since August last year and compared to those numbers, we see signs of growth going ahead, said G N Agarwal, chief actuary, Future Generali Life Insurance Co. ... Tags:Future Generali, Life Insurance, Max New York Life
Life Cover Premiums Dip 28% In June Quarter By: Bimadeals | - In another sign of weakening investment environment, the life insurance industry witnessed a 5 per cent decline in its total premium collections for the quarter ended June on the back of a sharp fall in new business premium during the quarter even as the renewal premium witnessed a double- digit growth.
According to the data released by the Life Insurance Council on Monday, the industry witnessed a 28 per cent drop in its new business premium from Rs 25,522 crore last year to Rs 18,282 cr ... Tags:Life Insurance, ULIP, Insurance
Life And Health Insurance Benefits By: Monish Kumar | - Whether its a life and health insurance policy or insurance for your house, an old car you want to insure or a new car. These days there are few avenues on the web space where you can go and make yourself familiar with the health insurance. You can buy a money back policy, whole life policy, Unit linked plan (ULIP) or term insurance depending upon your need of the hour.
Indiafirst Life Initiate Moneyback Health Ulip By: Bimadeals | - IndiaFirst unitlinked Life has launched a health insurance plan reimbursement, the second product on the market after LIC's Health Plus is. It is based on the compensation plan - the insurance company to pay the costs of hospital care, unless sub-limits and other conditions. You can choose out of five fund options.
Features: Comes in individual and family plans float. The plan covers the insured float, wife, two children and two parents. The policyholder will be the "principal insur ... Tags:Health Insurance, Health Insurance in Mumbai
A Short Review On Lic Jeevan Saral By: licagent | - Many readers requested me for the review on LICs Jeevan Saral.
I check Web for the reserve on Jeevan Saral and establish there are plenty of web pages dedicated to this policy.
So let me put only the significant aspect of this policy and my views on it.
Jeevan Saral is an Endowment plan with diversity. It comes with many good features similar to No surrender charge, Partial withdrawal facility like ULIP, premium selection by policy holder etc.
1) You select the premiu ... Tags:lic, lic articles, life insurance, life insurance articles, lic life insurance articles, lic Jeevan Saral
How Do Personal Circumstances Affect Your Life Insurance Cover? By: Sanjay Mathew | - The main component taken into account by life insurance providers when deciding your life insurance premium is your health status. Most life insurance India companies require the person requesting a life insurance policy to undergo a series of health checkups. If you are more prone to critical illnesses or your circumstances put you more at risk of death, then your premium payments are going to be higher as compared to average premium allocations.
To calculate the likelihood of risky healt ... Tags:life insurance India, financial investment planning, ulip
Samridhi Plus Safeguards Policyholders Investment From Market Variations By: Bimadeals | - The Life Insurance Corporation of India (LIC) has sold about 54,000 policies and collected premium of over Rs 213 crores within just four days of the launch of its new plan LIC Samridhi Plus. VINAY KUMAR SINHA, LIC zonal manager (north), spoke to THE PIONEER about its new policies and business plans for this fiscal. Edited excerpts:
As a Zonal Head of the Northern Zone, what are your business plans for this monetary?
Ulip "€" New Guidelines: As Per Irda Annual Report 2009-10 By: Bimadeals | - In January, 2008 the IRDA made it compulsory for all the life insurance companies to provide a detailed account of the premium received, charges levied and money available for investment to be provided to the policyholder with respect to unit linked insurance products (ULIP) for each year of the contract period. Guidelines state that the policyholder should also counter sign a copy of the Sales Illustration so that the authenticated document becomes a part of Policy document issued to them. Seco ... Tags:ULIP, Life Insurance, Life Insurance Companies
How To Select Right Ulip By: vishal | - ULIPs are the most miss sold products in the Personal Finance domain. ULIP plans are revolutions for those who are looking for insurance and assured return on their insurance investments. These insurance products along with assured tax returns are also linked with tax benefits. The assured return on insurance investments has impressed many investors.
In the conventional Insurance products, the insurance component takes edge over the saving component, but in ULIPs insurance cover is ... Tags:ULIPs, selecting insurance, Insurance planning
Why People Avoid Term Life Insurance By: Sanjay Mathew | - Insurance means financial protection for any potential future losses. Though, there are numerous advantages of insurance, ironically term insurance is not very popular. Optimism is everyones cup of tea. Psychologically, some people get offended by term insurance, as no one really wants to think of a tragic death or a dreaded accident. This is one of the major reasons why people sometimes avoid taking term life insurance. One needs to understand that term insurance financially helps the family ... Tags:life insurance India, financial investment planning, ulip, pension scheme, pension plan, insurance policy, child education, life insurance, financial
Ulip - Merits And Demerits By: Sanjay Mathew | - Unit Linked Insurance Plan (ULIP) is a fusion of insurance and investment. In ULIPs, part of the premium payment goes towards the sum assured (amount received at maturity in a life insurance policy) and the remaining is invested in your desired portfolio - equity, debt or a mixture of both, depending upon your risk appetite. The investment portion in ULIP is represented as units and is denoted as the Net Asset Value (NAV).
Do's for investing in ULIPs:
Returns: Compare returns off ... Tags:life insurance India, financial investment planning, ulip, pension scheme, pension plan, insurance policy, child education, life insurance, financial
Top-up Premium In Ulip By: Sanjay Mathew | - Top up premium in ULIP [Unit Linked Insurance Plan] is the amount that a policy owner invests in a ULIP over and above the regular premium. The primary aim is to enjoy the benefit of lower Premium Allocation Charge (PAC) which may be as low as 1% as compared with those levied on the regular premium which currently is as high as 25% in the 1st year and reduces to 3-5% subsequently. However, PAC will have an upper cap of 4% from September 1, 2010 as per the new guidelines issued by IRDA (Indian Re ... Tags:life insurance India, financial investment planning, ulip, pension scheme, pension plan, insurance policy, child education, life insurance, financial
Term Or Permanent Life Insurance By: Sanjay Mathew | - Insurance is an important tool of protecting ourselves, our family and our assets. It is an integral part of any investment planning. There are various insurance agencies and various types of insurance you can go in for. So how do you decide which insurance is good for you. Different types of life insurance are:
How Sound Is Your Retirement Planning? By: Sanjay Mathew | - It is never too early to start planning for retirement. Retirement planning means taking care of two aspects your personal fulfilment and financial security.
What you need is to have a retirement corpus which will provide you financial independence when you decide to hang your boots. To do that, start today by keeping in mind the following:
Start now to let the fundament of compound interest work its magic. Albert Einstein called it the eighth wonder of the world for a good ... Tags:life insurance India, financial investment planning, ulip, pension scheme, pension plan, insurance policy, child education, life insurance, financial
Children Life Insurance: A Must Have! By: Sanjay Mathew | - In todays competitive world, providing best education to the children has become the top priority of all parents. To give the highest quality education possible, the parents need to spend huge amounts in education fee. There are numerous child insurance policies to meet the differential needs of demanding clients (usually parents or guardians).
Factors to be considered while taking Children Insurance Policy:
All About A Pension Plan By: Sanjay Mathew | - The average age of retirement which used to be in the range of 55 to 60 years, is now decreasing as more and more individuals plan to quit regular 9 to 5 work at an early age, and spend the later part of their life fulfilling their dreams. Retirement planning through a pension scheme guarantees regular income to the policy owner in the form of annuity or pension.
Types of Annuities or Pension Plans:
Financial Investment Planning By: Agarwal | - Financial planning is an important aspect in successfully managing your hard earned money. With proper financial planning you can secure your future and increase your overall earnings as well.
While doing financial planning you need to decide what kind of investments will suit your needs. You can go in for some short term investments like opening a savings bank account/ bank fixed deposits or can opt for long term investments like Public Provident Fund/ Recurring Deposits etc.
Some ... Tags:life insurance India, financial investment planning, ulip, pension scheme, pension plan, insurance policy, child education, life insurance, financial
Get your lovely kids insured by taking Child Plan that suits you best. By taking SmartKid Assure Plan, your children's future will be secure even in your absence.
ICICI Pru SmartKid Assure Plan, is an life insurance cum savings plan which distribute your assets based on your chosen portfolio strategy and whose benefits continue even if you are not around to take care of your child. Invest today to ensure that your ch ... Tags:SmartKid Assure Plan, SmartKid Ulip Plan, Life Insurance
Best Ulip Plans By: vivek | - ULIP came into play in the 1960s and is popular in many countries in the world.
As times progressed the plans were also successfully mapped along with life insurance need to retirement planning. In today's times, ULIP provides solutions for insurance planning, financial needs, and many types of financial planning including childrens marriage planning.
Unit Linked Insurance Plan - is a financial product that offers you life insurance as well as an investment like a mutual fund. Par ... Tags:Best ULIP plans
Think Wisely About Your Retirement By: Bimadeals | - We all dream of a beautiful life after retirement but the question is - Are we properly planning for it? The answer is - NO.
To make our retired life self dependent and beautiful, we all have to start saving as early as we can. Retirement does not mean passing time at Haridwar or lazing around on a beach with nothing on your mind but to be able to sustain living with returns but without really working for it (as we have already planned, worked and saved). We have to even think about ... Tags:Retirement Plan, Retirement Calculator, ULIPs, ULIP Plan
Ulips Free Of Cover Charge After April 2011 By: Bimadeals | - Consumers buying pure life insurance products will have to continue paying commission to sellers of these policies. But, those who invest in unit-linked insurance plans (Ulips) will be free from this commission from April 2011.
The High-Level Committee on Financial Matters (HLCFM), the forum for financial sector regulators, will pave way for a load free regime on most financial products after April 1, 2011. Loads are charges which investors have to bear while buying or selling financial pr ... Tags:ULIP, Life Insurance, Term Plan, Term Insurance, Insurance C
Understand Unit Linked Plan (ulip By: Bimadeals | - In last few years Ulip is more popular among individuals rather than a term plan or an endowment plan. The people who have chosen term or endowment plan are switching to Ulip"s. But do we really know ulip"s?????
Or we are going with the crowd"""""
Before going for Ulip, one should understand its features and should judge accordingly. Whether these were the features that you were looking in your insurance plan??
Let us understand Ulip fi ... Tags:Ulips, Ulip, Ulip plan, Ulips plan, Ulips plan
Switching Your Funds In Ulip's By: Bimadeals | - While investing in an ULIP scheme you have an option of switching from an equity fund to a debt fund that too without paying a fee. In the stock market one would switch their funds or stocks according to the market conditions to earn profits. But they make a very calculated move. In an ULIP scheme since it is a mix of an investment and insurance portfolio before switching one should be very sure. Switching would mean interfering with your insurance cover. So before doing so make sure its ... Tags:Ulip, ulip plan, ulip plan india, ulips, Life insurance poli
Insurance Plans By: Bimadeals | - An insurance policy can help you save tax. Knowing this an individual lands up buying insurance policies for only the tax benefits. But there is more to it than just the tax benefit. An insurance policy is mainly designed to cover the financial loss in case of the death of the policyholder and to insure your life. In case you are availing of a policy make sure you do it for the right reasons. One should first check your needs and all the plans available in the market before buying a policy. Tags:Insurance Policy, Pension Plan, ULIPs plan, Insurance plan
Children Plans By: Bimadeals | - As a parent, you are always on the watch to secure your child"'""s future. Investing for their future needs and requirements becomes your topmost priority. One of the best options to invest is in Insurance policies. As they give you both insurance cover and investment benefit. There are also policies designed specially for children. So, before you invest one should assess the policy you need to take. The children plans are similar to the regular endowment or ULIP plans.
Points To Be Taken Care Of While Claiming A Health Insurance By: Bimadeals | - An individual would take a health or mediclaim insurance policy to get compensation if you spend on hospitalization or any kind of medical bills. This insurance policy helps you so that you are not burdened with the unexpected expenditure. At times when the policyholder produces the bills for a reimbursement it normally gets rejected. One should be aware of such situations and take care. Following are the points which one should keep in mind while claiming for a reimbursement.
Life Insurance For The Ones Whom We Care For By: heenu | - Life is so important; but how many of us care for it? We work, we spend hours to take care of our daily needs, we toil ourselves day and night to get the best of our lives, but how many of sit for a couple of minutes to see the life which is passing by? And how many of spend some time to plan a future. Not, many of us.
Life indeed is complex, full of surprises. We need to think about it about how our family will sustain in this ruthless world, if you are not there. What will happen to ... Tags:life insurance plans, ulip, ulip India, unit linked insuranc
Ulips And Life Insurance By: heenu | - ULIPS is new the new golden hen in the insurance industry. A hen which gives golden eggs till its cut down. ULIPs in their forms, present an idealistic way of investing money and to reap good profits. Although, these do not promise substantial benefits every year, but when they give returns, they are generally better than a normal fixed deposit.
Ulips - Insurance Plans Good For Those Who Love To Take Risks By: heenu | - Are you a business man or are you the one who draws his salary in lakhs? If you are one of these and have a inclination towards stock exchange then there can be nothing better than a ULIP Plan.
ULIP plans give an investment opportunity by providing a choice of thoroughly researched and selected investments. These offer freedom from tracking the market, with the added option of choosing the asset allocation on your own.
Much Safer And Secure Than Money Back Or Cash Back Ulips? By: heenu | - Insurance today is not just the market trend; its the requirement of the day. For an individual who is working daily to meet the two ends and the demands of his family, is equally responsible for a comfortable life after his death or when he is not in a position to carry out his duties.
When Insurance inculcated itself in the Indian Market, it focused on insurance plans which gave a assured return- those which were secure in terms where the money (premium) was being put ... Tags:life protection plans, protection plans, ulips, ULIP
Don't Get Fooled By Your Insurance AgentÃ"'¦.part1 By: Pooja Gupta | - Going over the documents a few days after he had bought a ULIP policy, Dabur employee Mr. Prashant discovered his name had been misspelt. He tried contacting his agent, but had no luck. "There was no clue where he had disappeared," he says.
You could face such a situation anytime. Perhaps, you want your residential address updated or the nominee changed. Or, maybe the policy is nearing maturity. If your insurance agent is missing when you need him, industry jargon calls you an o ... Tags:Insurance, Business Services, market, internet
