Introduction
Insurance may be described as a social device to reduce or eliminate risk of loss to life and property. Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. The risks, which can be insured against, include fire, the perils of sea, death and accidents and burglary. Any risk contingent upon these may be insured against at a premium commensurate with the risk involved. Thus collective bearing of risk is insurance.
Types of Insurance
Life Insurance:- policies protect individuals against the risk of life. Life 100 Insurance policies not only protects the insured’s family against his death but also provides a good means to avail tax benefit, avail loans from banks and acts, as a good saving tool to meet future needs. Read more…
Differences between Unit Linked Insurance Plan and Mutual Funds
ULIP and MF may sound similar in structure, but there are various other things which separate these two investment tools.
Below is a brief comparison of ULIP and MF specific to the Indian market.
Primary Objective
Mutual Funds : These are Investments
ULIPs: These are Investments with protection. (Insurance) Read more…
Unit Linked Insurance Plan (ULIPs)
Unit-linked insurance plans, ULIPs, are distinct from the more familiar ‘with profits’ policies sold for decades by the Life Insurance Corporation.
‘With profits’ policies are called so because investment gains (profits) are distributed to policyholders in the form of a bonus announced every year.
ULIPs also serve the same function of providing insurance protection against death and provision of long-term savings, but they are structured differently. Read more…
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Equity,
Flexible,
Insurance,
Insurance Plan,
MUTUAL FUNDS,
Policy Holder,
Polocies,
Risks,
ULIPs,
Unit Linked,
Unit Linked Insurance Plan
