Top 3 ULIPs To Choose From
Published On Jan 07, 2022, Updated On Jan 08, 2022
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A ULIP is a financial product that combines the benefits of both insurance and investing to provide customers with the best of both worlds. Customers who wish to get insurance and develop their money can use ULIPs, which are products offered by insurance firms.
Customers can use ULIPs to get insurance as well as invest in stocks, bonds, and mutual funds. ULIPs are a very popular financial instrument among consumers because of the dual benefits of protection and the freedom to choose your investment channel.
Top 3 ULIPs To Choose From
Below are the top 3 ULIPs to choose from:
1. HDFC Life Click 2 Wealth
HDFC Life Click 2 Wealth is a totally non-participating unit-linked insurance products structure that offers market-linked profits, reduced premiums, and significant financial protection for you and your household.
The Fund Value will be paid if you live to maturity. Fund Value is determined by multiplying the number of balance units in your fund(s) by the current unit price (s). At the end of the Policy Term, your policy matures, and all risk coverage ends. Under the Settlement Option, you can take your Fund's value upon maturity in monthly payments.
Benefit in Case of Death:
Life Assured Upon Death - Highest of Total Sum Assured minus any partial withdrawals# made, if any, where Total Sum Assured is the Basic Sum Assured plus any additional Sum Assured in relation to Top-ups.
Value of the Fund:
Total Premiums Paid: 105 percent
2. Edelweiss Tokio Life Wealth Plu
Edelweiss Tokio Life Insurance Company's Wealth Accumulation (Cover Plus) Plan is a unit-linked insurance plan (ULIP) in which the Fund Value is paid to the policyholder upon maturity. If the Life assured dies within the policy's term, the nominee will get the Fund Value as well as the Sum Assured.
The Edelweiss Tokio Plan's Highlights
- It's a straightforward unit-linked scheme with distinct advantages.
- If the Life assured survives, the Fund Value will be paid to him as a Maturity Benefit.
- If the Life assured dies during the policy term, the Fund Value and the Sum Assured are both paid out as a Double Death Benefit Guaranteed. From the end of the eighth year onwards, additions are offered.
- There are six funds available for investment, as well as six more riders.
- The Sum Assured can be increased or decreased under this plan.
3. Canara Invest 4G
Canara Invest 4G itself is a non-participating component financial product that can enable you to forget about current financial difficulties. The insurance includes a dual benefit of protection and savings, allowing you to invest for your future prospects while also providing life sum assured.
Canara HSBC OBC Invest 4G is a ULIP combining savings and protection features. You can build wealth for the future and achieve your long-term goals by choosing this plan.
This policy's most important aspects are: To invest your money, the plan provides seven different funds and four different portfolio techniques.
As an added advantage, you can get Loyalty Additions and Wealth Boosters to help you save more. On plan maturity, the plan's mortality benefit is returned. It allows you to redirect and swap fund alternatives to take advantage of market movement or minimize risk.
Unit Linked Insurance Plans, or ULIPs, are insurance plans that combine insurance coverage with market-linked investment opportunities. ULIPs are capital market-linked, goal-based financial solutions. As a result, depending on the investor's risk appetite, he or she can invest in either equities or debt funds. ULIPs provide long-term capital growth as well as insurance protection.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.