Understanding the Concept of Unit Linked Insurance Plans

English business Jun 29 2024 Author: Nancy Tiwari Image Credits:Getty

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English A Unit Linked Insurance Plan (ULIP) integrates life insurance coverage with investment opportunities for policyholders seeking financial growth. Image credits: Getty

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English Premiums are divided: one part secures life insurance, while the rest is invested in equity, debt, or hybrid funds. Image credits: Getty

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English ULIP returns fluctuate based on market performance, unlike guaranteed returns in traditional plans. Image credits: Getty

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English ULIP combines insurance and investment benefits, emphasizing transparency in advertising to inform potential risks to consumers. Image credits: Getty

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English IRDAI's recent directive prohibits promoting ULIPs solely as 'investment products', emphasizing their dual insurance and investment nature. Image credits: Getty

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English IRDAI oversees ULIP regulation in India, ensuring consumer protection through clear marketing and administration practices guidelines. Image credits: Getty

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