Investment And Insurance: What Is Unit-linked Insurance Plan That Offers Dual Benefits?
1 year, 10 months ago

Investment And Insurance: What Is Unit-linked Insurance Plan That Offers Dual Benefits?

News 18  

While presenting the Union Budget 2023, finance minister Nirmala Sitharaman announced the proposal to limit income tax exemption from proceeds of insurance policies with very high value. 5 lakh shall be exempt.” An individual will be liable to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh. ULIP or Unit Linked Insurance Plan, is an insurance plan that offers dual benefits in a single product: investment and insurance. Broadly, the life insurance policies are categorised into two types; 1) Traditional plans 2) Unit Linked Insurance Plans Traditional policies offer in-built guarantees and define maturity benefits through a variety of products such as guaranteed maturity value.

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History of this topic

A Guide for New-age Investors to Master Stock Market Strategies
8 months, 3 weeks ago

A Guide for New-age Investors to Master Stock Market Strategies

The Quint  

ULIPs vs Direct Stock Market Investments ULIPs offer a unique combination of life insurance coverage and investment opportunities. On the other hand, direct stock market investments mean buying shares of a company straight from the stock market, making you a part-owner of the company. While direct stock market investments provide greater control and potential for higher returns, they carry higher …

Pramerica Life Insurance launches new age ULIP designed for the new generation’s financial ambitions. Details here
1 year, 3 months ago

Pramerica Life Insurance launches new age ULIP designed for the new generation’s financial ambitions. Details here

Live Mint  

Pramerica Life Insurance Company has announced the introduction of its latest offering, “Pramerica Life Super Investment Plan ”. On the occasion of the launch Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said, “Modern India is aspirational and is looking out for new age life insurance products that support changing lifestyles and aspirations. Pramerica Life Super Investment Plan is designed …

Which investment options are available other than mutual funds to fund your children’s higher education?
1 year, 4 months ago

Which investment options are available other than mutual funds to fund your children’s higher education?

Live Mint  

The tagline “Mutual Funds Sahi Hai” has seemed to catch the fancy of many investors with many of them even planning their children’s education around mutual fund investments. Start with buying life insurance Parents planning their funds to pay for their children’s future education must first consider buying a life insurance policy. Guaranteed funds : A life insurance policy ensures …

Why one should not invest in ULIPs
2 years ago

Why one should not invest in ULIPs

Live Mint  

When it comes to investment, ULIPs are frequently recommended. ULIPs come with significant upfront charges for setting up an account, higher premium rates than other types of insurance, and fund management fees. Furthermore, regulatory bodies set regulations on ULIPs which limit the fund investments offered by the insurers. This makes ULIPs a less flexible option when compared to other types …

What are ULIPs? How do they work? Are they good for long-term investment?
3 years, 2 months ago

What are ULIPs? How do they work? Are they good for long-term investment?

Business Standard  

When you think of investing your money, the first thought that you have is investing in conventional instruments like fixed deposits or gold. However, you might want to check out more modern financial tools like ULIPs, which offer better returns and also offer insurance coverage. Premium allocation One part utilised for insurance Another part used for investing in funds The …

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