ULIP's are market linked insurance schemes where the policy value at any time varies according to the value of the underlying assets at the time. ULIP is life insurance solution that provides for the benefits of protection and flexibility in investment. The investment is denoted as units and is represented by the value that it has attained called as Net Asset Value (NAV).
details
Fund optionsA variety of fund options ranging from short term plans to hybrid plans (max 40% in equities) to suit your needs
SwitchesUnlimited free switches with a minimum switch amount of INR 2,000/-.
Premium redirectionThis enables you to change the allocation for all future premiums of your policy.
Portfolio disclosureQuarterly disclosures of portfolio
How does ULIP benefit me?
Unit linked plans offer unique opportunity to combine protection with investments. Some special features of unit linked life insurance policies (ULIPs) are:
Provides flexibility in investments
ULIPs offer a complete selection of high, medium and low risk investment options under the same plan. You can choose an appropriate asset allocation based on your risk appetite and financial goals. ICICI Prudential Group plans provide you with a variety of fund options to suit your needs.
Transparency
Clear and transparent charge structure of the plan is shared with you before you purchase a product. Similarly, the annual account statement, quarterly investment portfolio and daily NAV reporting, ensures that you are aware of the status of your investment portfolio at all times.
Spread of risk
ULIP's are ideal for those investors who wish to avail the benefit of market linked growth without actually participating in the stock market, with the added benefit of risk-cover. ULIP's are long term investment alternatives that aim at generating superior risk adjusted returns.
