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ULIPs are back with a bang!

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ULIP plans offer the flexibility of market linked returns on your investments and life insurance cover for you and your family.
https://www.bajajallianzlife.com/ulip/ulip.jsp

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ULIPs are back with a bang!

  1. 1. Unit Linked Insurance Plans
  2. 2. ULIPs are back with a bang!
  3. 3. • From being once the most sought out investment products to the most hated, ULIPs or Unit Linked insurance plans have completed a full cycle. Now with a string of reformatory measures introduced by insurance watchdog IRDA, ULIPS are trying to make a successful comeback in the financial mainstream offering policyholders the multiple advantages of investing in equity markets for wealth creation as well as offering life protection. • The high charges levied by insurance companies in the first phase of ULIPs made way for rampant mis-selling by distributors and insurance agents, and ULIPS became a “tread with caution” product. Now with the Insurance Regulatory and Development Authority capping the annualized charges of ULIPS at 2.25% for the first 10 years of holding, the second innings of ULIPs are likely to be more eventful and positive both for insurance companies and investors. • Introduction of reforms to make ULIPs more customer friendly • The first major reform in the ULIP segment was introduction of a cap on charges and commissions which were not allowed to be front loaded but evenly distributed throughout the tenure of the policy.
  4. 4. • Impact of new ULIP Reforms • As a result of the new ULIP reforms, all unit linked insurance plans introduced recently have been offering better avenues of growth by balancing both protective cover as well as wealth creation for the policyholder. While fundamentally ULIPs remain a long term investment product, the increase in lock in period has helped since all upfront charges get evenly distributed over the five year lock in period. • Another advantage offered by new ULIPs compared to the pre 2010 ULIPs is the reduced cost structure effectively allowing a large chunk of the first year’s premium to be invested in the equity markets allowing the money to grow from the initial period itself. • Upcoming ULIP Plans • The new reforms have brought ULIP back into the financial mainstream with insurance companies with new plans that offer both protection and wealth creation benefits. Some of the popular insurance companies have introduced new ULIP plans or have announced their plans to initiate ULIP funds in the near future. Two of the most eagerly awaited unit liked insurance plans are as listed below.
  5. 5. https://twitter.com/bajajallianzLIC Follow us on https://www.facebook.com/bajajallianzlifeinsuranceltd http://plus.google.com/+bajajallianz/posts https://www.linkedin.com/company/bajaj-allianz-life- insurance-co-ltd-
  6. 6. Click to know more on Ulip: Thank You https://www.bajajallianzlife.com/ulip/ulip.jsp
  • SonaleeThakur

    Jan. 3, 2018

ULIP plans offer the flexibility of market linked returns on your investments and life insurance cover for you and your family. https://www.bajajallianzlife.com/ulip/ulip.jsp

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