Pramerica Life Insurance launches new age ULIP designed for the new generation’s financial ambitions. Details here
1 year, 6 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 to cater to modern financial aspirations while providing a safety net to customers and their families through life insurance coverage. This is one of the most flexible ULIPs in India and also comes with 6 high potential investment funds including Pramerica Nifty Midcap 50 Correlation Fund.” Unlike traditional insurance plans, the uniqueness of this plan lies in the bouquet of features it offers.

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History of this topic

Life insurance sector: One industry, diverse fortunes
1 month ago

Life insurance sector: One industry, diverse fortunes

Live Mint  

India’s insurance sector is the tenth largest in the world, and is expected to reach $170 billion by 2027. The largest players in the Indian life insurance sector today include LIC, SBI Life, HDFC Life, ICICI Prudential Life, and Max Financial Services. Regulations have hit different players differently Be it disincentivizing insurance policies via tax changes which has reduced the …

Children's Day 2024: Top investment options for your kid's bright future
4 months, 1 week ago

Children's Day 2024: Top investment options for your kid's bright future

India TV News  

Children's Day 2024: Every parent aspires to secure a bright future for their children and works hard to ensure they have access to the best education and career opportunities. Let's explore best investment options for children Unit-Linked Insurance Plan A Unit-Linked Insurance Plan is a great option to secure your child's financial future. Life Insurance You can consider life insurance …

National Youth Day: How to leverage insurance as a financial ally in your 20s?
1 year, 2 months ago

National Youth Day: How to leverage insurance as a financial ally in your 20s?

Live Mint  

With India expected to have one of the youngest populations across major economies in the world till at least 2030, it is important to secure the financial and social security of the country’s youth in order to capitalise on this demographic dividend. As more young Indians begin to prioritise their financial well-being over spending on lifestyle enhancements, insurance solutions that …

Can a high sum-assured Ulip offer better cover, returns?
1 year, 2 months ago

Can a high sum-assured Ulip offer better cover, returns?

Live Mint  

Most insurance policies that mix life insurance and investment offer neither adequate life cover nor good investment returns. The sum assured multiple in TULIPs could be 100-200 times of the annual premium, depending on the combination of the policyholder’s age, policy term and premium payment term). Data from Kotak Life Insurance shows that a 35-year-old paying a premium of ₹1 …

Which investment options are available other than mutual funds to fund your children’s higher education?
1 year, 7 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 …

Investment And Insurance: What Is Unit-linked Insurance Plan That Offers Dual Benefits?
2 years, 1 month 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 …

Budget 2023: Here's How Insurance Sector Reacted
2 years, 1 month ago

Budget 2023: Here's How Insurance Sector Reacted

News 18  

Budget 2023: 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. Tarun Rustagi, Chief Financial Officer, Canara HSBC Life Insurance, said, “The Budget continues to focus on overall development of India through digitisation and creates more wealth generation opportunities for the middle-class families. From …

Why one should not invest in ULIPs
2 years, 3 months 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 …

ICICI Prudential Launches Annuity Plan: Life-Long Income, Booster Payouts, Other Features
2 years, 10 months ago

ICICI Prudential Launches Annuity Plan: Life-Long Income, Booster Payouts, Other Features

News 18  

Life insurance company ICICI Prudential Life Insurance has recently launched ICICI Pru Guaranteed Pension Plan Flexi, a regular premium payment annuity product, which enables customers to systematically save and build retirement savings over the long-term. “To cater to the varied needs of customers, ICICI Pru Guaranteed Pension Plan Flexi is available in seven variants, the unique ones being Life Annuity …

What are ULIPs? How do they work? Are they good for long-term investment?
3 years, 5 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 …

5 myths around ULIPs that must be debunked right away
3 years, 8 months ago

5 myths around ULIPs that must be debunked right away

Hindustan Times  

We live in a world that is flooded with financial instruments. Being a combination of insurance and investment, a ULIP can help you secure you and your family’s financial life goals. These plans provide you a life cover, and at the same time, offer an opportunity of market linked wealth creation. Contrary to general perception, ULIPs are affordable and offer …

Covering risk while earning money
5 years ago

Covering risk while earning money

The Hindu  

There are a variety of life insurance policies. While term policies cover only death risk and for a given period, whole life policies offer longer coverage periods with options like return of premium and other add-ons. This return, or bonus, is a share of the returns that the life insurance company realises when it invests your premium and is usually …

Insurance pension plans to be flexible, but NPS still cheaper
6 years, 3 months ago

Insurance pension plans to be flexible, but NPS still cheaper

Live Mint  

Once popular, now forgotten, pension plans offered by life insurance companies may become attractive once again if the latest product regulation draft by the Insurance Regulatory and Development Authority of India is implemented. The draft on ULPPs proposes to increase withdrawable corpus to 60% and allow partial withdrawals after the lock-in period, which will make ULPPs similar to NPS. “The …

Ulips: Here’s all you need to know
6 years, 3 months ago

Ulips: Here’s all you need to know

Live Mint  

Unit-linked insurance plans have been rightly bashed by financial planners for their cost structure. However, the online Ulips have either reduced it to minimal or completely removed charges, except fund management cost and charges for the insurance cover. Comparable fund performance: Though the objective of a fund under Ulip was similar to its corresponding mutual fund, the fund performance was …

‘Online ULIPs will eventually become pull products owing to performance’
6 years, 9 months ago

‘Online ULIPs will eventually become pull products owing to performance’

Live Mint  

Tarun Chugh, who joined Bajaj Allianz Life Insurance last April, wants to focus on pension, health and savings products and develop a multi-distribution channel company. During early days, Bajaj Allianz Life Insurance was among the top 3 private sector insurance companies, but it has lost its market share now. As someone from the insurance industry right from the time it …

HDFC Life to launch 21 ULIPs, traditional plans by Jan 2014
11 years, 3 months ago

HDFC Life to launch 21 ULIPs, traditional plans by Jan 2014

India TV News  

Mumbai: Private insurer HDFC Life today said the company is planning to launch by January 2014 about 21 products, of which 10 will be market-linked and 11 traditional plans, in compliant with new regulations issued by the IRDA. “We are pleased to make available to customers 21 products that will meet the diverse needs like protection, retirement, savings, investment and …

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