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PolicyandFunds.com provides good customer services to choose best LIC ULIP Plans in India. The Life Insurance Corporation of India introduced New Unit Linked Plan (ULIP) its called LIC New Endowment Plus, gives two major benefits to Investors its a tool covers both Insurance and Investments. Example: Gives Life Insurance coverage to Insured Person as well as Investment tool such as Invested in high growth Stocks, Securities, Mutual Funds, Capital Markets to get high returns. Premium paid under the ULIP plans are Tax Exemption under Section 80(C) and Maturity Benefits are Tax Free Section 10 (D). Generally LIC ULIP Plans are inbuilt with bit of extra premium, Accidental Death and Disability Benefit Rider. We help to check the: Eligibility, Sum Assured, NAV Value, Policy Benefits, Details, Reviews, & LIC ULIP Plan Premium Calculator, and to find the best LIC ULIP Plans in India 2017.
ULIP Plan in LIC for Investments with Life Coverage, ULIP Insurance Plan (LIC New Endowment Plus), and we are the authorized and best LIC Agent in Chennai, LIC policy holder who is customer or clients with LIC India may contact us for any LIC India Chennai Branch related quires and claim related assistance.
Unit Linked Insurance Plan (ULIP) is an item offered by insurance companies, gives two major benefits to investors both Insurance and Investments Example: gives life insurance coverage to insured person as well as Investment tool such as Invested in Capital Market Like Stocks, Securities, Mutual Funds to grow the its own, total market value towards investment amount divided by the number of shares purchased are the unit price of the Fund its called Net Asset Value (NAV).
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|Different ULIP’s Plans for Wealth Creation|
|ULIP for Retirement with piecePremium: Insured person need to make the premium for a particular period of time with your employer that is naturally gathered as a corpus sum or amount. Policyholder get it as annuities after your retirement.|
|ULIPs for Wealth CollectionWealth: Your money will be saved for a period of time, this is most appropriate for those individuals who are in their late twenties and mid thirties. By putting resources into this plan, they will get the adaptability to subsidize their financial goal.|
|ULIP for Child EducationThere is no uncertainty in saying that as a parent you need to secure your kid and his/her future from an unanticipated occasion that can demolish their profession. In such cases, pick a Ulip for your youngster that can help them in various phases of their life.|
|ULIPs for Health Benefits
Aside from basic benefits, it likewise gives financial help with instances of medicinal crisis (emergency).
Under ULIP premium goes towards the Insurance protection needs and towards wealth creation. In the underlying policy years, a substantial piece of the premium goes towards policy costs (expanses). Post the conclusion of these costs, the premium is isolated between giving an Life Insurance cover and wealth. Units are distributed for the sum contributed, in a funds which we selected option your choice. The fund may be equity, debt, or a mix of the two. The estimation of the units designated relies upon the execution of the fund. In the initial 2 to 3 policy years, the reserve esteem may stay low because of the initial expanses at first.
Premiums are collected under ULIP are qualified for tax benefits under Section 80C . If there should arise an occurrence of policy holder’s demise (death), the sum got by the nominee one is absolutely tax exempted. The maturity is named a payout under Section 10 (10D) and the whole sum is tax exempted.
Unit linked insurance plans (ULIP) option to surrendered rashly (prematurely); however there could be taken a cost implications while surrender, a level of the fund value is to be paid as surrender charges, contingent upon the plan. On the off chance that where the ULIP is surrendered in the initial three years, the insurance cover would stop promptly. Nonetheless, the surrender value can be paid simply following 3 years. So however the policy gains a surrender an incentive before finish of 3 years, it is payable simply after the fulfillment of three policy years. Numerous insurance policies likewise permit part surrender or incomplete withdrawal following 3-5 years with no cost and with no diminished in the insurance protection.
Riders Option: A rider with a ULIP is an extra cover alongside the base policy accessible for an additional charge. This could be accidental death or disability benefit, or a critical illness (basic disease) cover.
Top Up Option: For an extra sum (amount) over your regular premium, you could build your investment component in the base policy. In such cases, halfway withdrawals are allowed for the most part simply following five years.
Switch Option: Option to change your investments starting with one fund then onto the another fund if there should be an occurrence of changes in risk profile. Generally Five to six switches are not charged, further to which you may need to pay an nominal charge.
Keeping in mind the end goal to apply for an Money Back Policy, clients will for the most part be required to submit essential documentation, for example, the accompanying:
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