Paid premiums for 5 years? Don't surrender your ULIP now!

ULIPs are not a curse on investors.You can reap more benefits from ULIPs by following these strategies. ULIP or unit linked insurance plans are considered most innovative form of life insurance product. A ULIP has a unique structure and working that it can be altered up to a certain limit to suit your personal requirements. A unit linked insurance plan serves dual benefit of insurance as well as investment. A ULIP policy serves the basic purpose of achieving insurance goals along with targeted ...

In the first three years, the fund value of a ULIP may remain low due to the high expenses—such as administration charge, fund management charge, premium a.. Initially, the insurance market was ruled by traditional products such as term and endowment plans.

Source: BUSINESS LINE (15-APR-13) Comments | Post Comment If you are among those who had invested in a unit-linked insurance plan before 2010, your three year lock-in period may be about to end. So should you surrender your policy or continue to ...

Cost of surrender in those Ulips are high, so think before

Did you know that cancelling your policy during the Free-look period has a cost attached? In case of ULIP, the NAV fluctuation is also part of this cost. But, what if the policy has been mis-sold to you? Is there any advantage in bypassing an ...

Going forward, once the guidelines for standardized products kicks in, superior customer service will act as the key differentiator for the players, which will prompt the industry to further improve its services and customer education initiatives based on ...

PRESS RELEASE UTI-Children's Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund declares 1:10 bonus UTI Mutual Fund has declared a bonus under three of its schemes viz UTI-Children's Career Balanced Plan, ...

The top seven private sector , which account for about 70 per cent of the first year premium income, saw their net profits rise 7 per cent last fiscal (2012-13). However, the industry as a whole saw dip amid a tough business environment. Apart ...

Whenever there is a statement about anything in this world, regardless of who has said it, do not believe it. But to analyse it and know the truth is wisdom (Kural: 423): Thiruvalluvar, a celebrated Tamil poet. Sankaran, a 28-year old civil ...