ULIP and Traditional Plan Insurance Premium costs are set to rise, with FM bringing in services provided by life insurance companies in the service tax net. … [Read more...] about Budget 2011 – Service Tax Changes to ULIP and Traditional Plan
ulip
LIC’s launched ULIP – Samridhi Plus
LIC’s Samridhi Plus is a unit linked plan with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the Highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, … [Read more...] about LIC’s launched ULIP – Samridhi Plus
Bharti AXA Life launches five new products
Bharti AXA Life Inurance has launched five products - two unit-linked and three traditional plan. The new scheme are Child Plan - Bright Stars Edge and Guranteed Plan - True Wealth are ULIPs, while Future Champs, Family Income Secure and Aajeevan Anand are traditional plans. … [Read more...] about Bharti AXA Life launches five new products
Max New York Life launches new ULIP – FLEXI Fortune
Max New York Life has launched a new unit linked plan - 'FLEXI Fortune' Life Insurance plan. Age Criteria Minimum Age of Life Insured at Entry (Last Birthday) - 7 years Maximum Age of Life Insured at Entry (Last Birthday) - 50 years Maximum Age of Life Assured at … [Read more...] about Max New York Life launches new ULIP – FLEXI Fortune
Canara HSBC Oriental Bank of Commerce Life Insurance launches Child ULIP – Future Smart Plan
Oriental Bank of Commerce Life Insurance Company has launched a new unit linked plan - Future Smart Plan. Future Smart is a unit linked insurance plan thatprovides long-term investment opportunity to build a bright future for your child. Its comprehensiveinsurance cover ensures … [Read more...] about Canara HSBC Oriental Bank of Commerce Life Insurance launches Child ULIP – Future Smart Plan
SBI Life launches Ulip plan Smart Horizon
SBI Life introduced a new Unit Linked Insurance Product (Ulip) - Smart Horizon - aiming to provide long-term capital appreciation. SBI Life – Smart Horizon is a dynamic non participating Unit Linked Life Insurance Plan. … [Read more...] about SBI Life launches Ulip plan Smart Horizon
Return on ULIP
It's always said that Mutual Funds give better return than ULIP plans. We thought to check this with various ULIP plans of different life insurance companies. In the below example, we took NAV values for one year between Dec 1st' 2009 and Dec 1st' 2010. and checked the return on … [Read more...] about Return on ULIP
How to switch funds in ULIPs?
What are switches? This is the facility allowing the policyholder to change the investment pattern by moving from one fund to other fund(s) amongst the funds offered under the underlying product of the insurer. In other words - Switching funds simply means selling your … [Read more...] about How to switch funds in ULIPs?
IRDA issues new ULIP guidelines, raises lock in period to 5 years
IRDA tightened the norms for ULIP schemes by raising the lock-in period and raising the insurance cover on them. IRDA also bought in new guidelines like sale of insurance policies by unlicensed personnel and several other malpractices. Lock in period increased to five years - … [Read more...] about IRDA issues new ULIP guidelines, raises lock in period to 5 years