Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Buying ULIP

 

Planning to buy ULIP?

Those looking to reap the benefits of insurance as well as investment, should buy ULIPs or unit-linked insurance plans. The money paid up as a premium for the ULIPs is segmented in two distinct buckets; life insurance risk premium (for self & family) and investment in funds and other schemes. Given the two-pronged approach that ULIPs adopt, they are no doubt much desirable; however, it is always advisable to ask the right questions before buying any policy. It will give you a clear idea of what you are getting into and what you should expect.

What is the life cover offered?

Remember, ULIP is a product that serves as an insurance policy and an investment avenue. Don't be blinded only by the investment part of the policy. So make sure that when you plan to buy ULIP, you always ask the agent or advisor about the life cover offered it offers. While some plans offer a specified life cover, others may offer it in a range. Once you have learnt about the life cover, you can align it with your financial objectives, and if they match, you can buy the policy. Doing so will ensure that you buy the right ULIP, one that is in line with your goals.

What all charges you need to pay?

While buying a ULIP, ask upfront about the charges that will come along with servicing the policy. Some of the charges you may have to pay are fund management charge, mortality charge, policy administration charge, switching charge and surrender charge. This way, you will be clear of how much money you will be paying to service the policy. You must also enquire if the charges are one-time or recurring to get a clearer picture.

What investment options are available?

ULIPs invest in equity, debt and hybrid funds. You have the option of choosing as to where your money gets invested. It could be one particular type of fund or a combination of funds. Your choice should be based on your requirements, your ability to take risks and your expectations. It is important that you understand the mandate of each fund and choose accordingly.

What flexibility options are available?

Another crucial factor you should keep in mind while buying ULIP is to check the flexibilities it offers.

-- Should there be any emergency and you need money, is there an option to make partial withdrawals from the policy?

-- Incase you surrender the policy in between the term, what will be the surrender value and when/ how will it be paid?

-- Can you switch between funds if you feel a particular fund is not performing well? Does this attract any charges?

-- Do you have the option of making an additional investment in the form of top up? If so, are there any charges?

These are some of the questions you must find replies to so you have a clear idea of the policy you are buying.

Only once you have clarity on all the above issues, can you make an informed decision and buy the right policy.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

0 comments:



Post a Comment


Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications