Pension ULIPs and Child ULIPs are Type I or Type II?
Pension ULIPs and Child ULIPs are Type I or Type II?
Pension ULIPOriginally Posted by shivkumar
In Pension ULIP, the benefits are not paid as a lump sum the end of ULIP term. But the plan pay small amounts post set retirement age.
Children’s ULIP
This ULIP is intended for child future need e.g. education, marriage and other finance requirements.
Missed this part of the query -
Pension or Children’s ULIPs can be type I or Type II, depending on the type of policy you have bought.
One more ULIP - Health Insurance ULIP
This ULIP provides Health insurance coverage with the death claim. Various critical illness and disabilities are covered and treatment options are available with this ULIP.
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