According to this plan, the policyholder has to make premium payments to the employer on a regular basis during the accumulation phase for a specific tenure. The accumulated amount is then given back in form of annuities after retirement.
ULIP helps in accumulation of wealth over a period of time to secure your future goals financially. Basically helps you to not spend more than needed by investing in such plans for a better tomorrow.
A child’s comfortable lifestyle and good education is what its parents work hard for. ULIP plans help maintain and protect the children financially from any unfortunate incidents and assure their future stays bright.
ULIP plans give financial protection against medical emergencies. Over a period of time, the money invested by the policyholder can be withdrawn in case of such a crisis.
In this plan, if the policyholder has taken a plan worth Rs. X, and has paid premium for say 8 years which makes the fund value Rs. Y. Now if the policyholder dies the higher amount out of X and Y will be paid to the beneficiary by the insurer.
In this plan, if the policyholder has taken a plan worth Rs. X, and has paid premium for say 8 years which makes the fund value Rs. Y. Now if the policyholder dies the total sum of amounts X and Y (i.e. Rs. X+Y) will be paid to the beneficiary by the insurer.
