Wealth Creation Plan
Price On RequestInvestment Plans offer you a dual benefit of Life Insurance cover along with attractive returns on the insurance premium that you have paid. Two types of Investment Plans: Unit Linked Investment Plan (ULIP s) Traditional Endowment Plans ULIP S: ULIP offer a unique combination of risk cover and long term returns, coupled with tax benefits. Flexibility in choice of funds and the premium payment amounts and timings. Transparency in terms of returns by regular publishing of NAVs, which enables you to manage your long term investment based on your changing needs. Traditional plans: These plans are the ideal insurance-cum-investment option for customers who want to enjoy steady long term returns, but without taking undue market risk. Know more about Ulip Plan What is a ULIP? ULIP s are a category of goal-based financial solutions that combine the safety of insurance protection with wealth creation opportunities in a flexible and transparent manner. In ULIP s, a part of the investment goes towards providing you life cover. The residual portion of the ULIP is invested in a fund which in turn invests in stocks or bonds; the value of investments alters with the performance of the underlying fund opted by you. What are features of ULIP s? Flexibility: In ULIP s you have option to choose your premium, extra benefits or riders you want to add, a range of fund options to choose as per your risk appetite ..etc Transparency: One of the key advantages that ULIP s offer is complete transparency which makes the working of a ULIP abundantly clear to the investor. Thus, you are empowered to make informed decisions on how to best use your ULIP. Goal Based Saving: One of the prudent ways to do so is by investing in ULIP s which are long-term systematic investment options designed to address key financial goals. ULIP s help you cultivate a disciplined savings pattern which ensures that the money being set aside will go towards the fulfillment of the specific objective. Tax Benefits: You can avail this benefit for the premium you have invested under section 80C as per Income Tax Act, 1961. What is Net asset value? Net Asset Value (NAV) is the value per unit calculated in rupees. What is a Fund Value and how is it calculated? Fund Value is the product of the total number of units under the policy and the NAV. The fund value for the purpose of claims, surrenders or any other clause stated shall be calculated on the basis of NAV. What will my family receive if something happens to me? In the unfortunate event of death during the term of the policy, the person appointed as nominee shall receive the higher of sum assured or the fund value. There are also certain ULIP s in market which give sum of Fund value & sum assured as death benefit. Is investment return guaranteed in ULIP s? Investment returns from ULIP may not be guaranteed. In unit linked products/policies, the investment risk in investment portfolio is borne by the policy holder . Depending upon the performance of the unit linked fund(s) chosen; the policy holder may achieve gains or losses on his/her investments. It should also be noted that the past returns of a fund are not necessarily indicative of the future performance of the fund.