www.growmoneyfincorp.com
|
Life InsuranceULIPS
Unit Linked Insurance Policies are being called as ULIPS.Insurance is a long term plan, you'll agree. The major two avenues of Insurance are, 1. Insurance Cover and 2. Investment.But frankly speaking if both can go together your cost of the plan will be very high. So it's advisable to go in for the first choice as to pure risk cover, take a life cover for a high value, to suit Your needs. Then comes the Investment Avenue. I n ULIPS, take a small risk cover, but try to allocate a larger sum for the investments. The investments here mean the investment in the market. Your Life Insurer offers vary funds, which you can choose based on your risk appetite. The more you stay longer, at least 15 yrs, the chances are better for wealth creation. The common wordings you find in an ULIP policy, "In this policy the investment risk in investment portfolio is borne by the policy holder." Meaning you has funds to choose, switch options, and a bit of stock market knowledge is required.Some tips on ULIPS:1. The range will narrow down and chances of negative yield come down with increasing policy terms.2. The results will be better with quarterly or monthly modes of premium payment. 3. If dividend incomes from investments and of the fund managers outperform the market index, the net yield may exceed gross yield. 4. Select a with more than 50% equity content. 5. even if the takes a sudden plunge, do not panic. Pay the next premium in time, or bring in top up, with lower NAV you can get more units. 6. Market setbacks at the earlier stages of a policy will not affect the yield, but any setback in the last few years can do so considerably. 7. it's advisable to have close watch on the NAV of the relevant fund, through fund fact sheet which are bang released every month. 8. Make use the Fund switch options; four switches are free in a calendar year. 9. Use Online facility, provided to you by your insurer. By following the above steps you can see by yourself get a better return than the traditional plans. T o your specific needs you can feel free to mail to us: info@growmoneyfincorp.com. |
|
|
 |
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. | |
