PDA

View Full Version : ULIP Vs Endowment plan



mahajan
22-03-2009, 07:23 PM
What is the difference between ULIP and Endowment plan?

koolz
22-03-2009, 07:24 PM
Endowment carries a fixed garenteed benefit say SA + Bonus. But Ulips dont garentee anything. Assume you have a maturity of ulip plan and markets tanks badly, one loses all gains and charges are fixed immaterial of the fact the plan performs or not and additionally comes with risk cover.

Hope it clears!!

Master
06-07-2009, 11:41 AM
What is the difference between ULIP and Endowment plan?

ULIP generally is market liked policy, where part of your premium is invested in the market to get better return. Eddownment premium money is invested in govt. securities.