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Is ulip a good plan?
ULIPs are best suited for individuals with a long term financial plan of wealth creation and insurance. Whether it is for retirement, children’s education or for other financial goals, a ULIP continued till maturity works as an advantage. It gives you the dual benefit of savings and protection, all in a single plan.
Which company ULIP is best?
Top Performing ULIPs
- Aditya Birla Sunlife Insurance.
- DHFL Pramerica Life Insurance.
- Reliance Nippon Life Insurance.
- SBI Life Insurance.
- Future Generali India Life Insurance.
- Max Life Insurance.
- IDBI Federal Life Insurance.
- Shriram Life Insurance.
Why should I buy ULIP?
Potentially Better than Others– ULIPs offer much better returns as compared to other insurance products. ULIPs invest the money in different asset classes. Though tax-saving funds offer considerably higher returns, the policyholder can opt for a different fund each year as per its performance.
What is life cover in ULIP?
ULIP full form is Unit Linked Insurance Plan, which is a multi-faceted life insurance product. A ULIP plan is a combination of life insurance and investment. ULIPs requires you (as a policyholder) to make regular premium payments, part of which is utilised to provide life insurance coverage.
What type of insurance is Tata AIA?
Our plans like Tata AIA Life Insurance Sampoorna Raksha , Tata AIA Life Insurance Sampoorna Raksha+ , Tata AIA Life Insurance iRaksha TROP and Tata AIA Life Insurance Maha Raksha Supreme offer protection at every life stage.
What is the best ULIP plan in India?
Best ULIP Plans in India 2021
| Plan Names | Entry Age | Minimum Premium |
|---|---|---|
| Bajaj Allianz Future Gain | 1 to 60 years | Rs. 25,000 |
| Bajaj Goal Assure | 0 years (30 days) to 60 years | Rs. 3,000 to Rs. 36,000 |
| Birla Sun Life Wealth Assure ULIP Plan | 30 days-65 years | Rs.1,00,000 per annum |
| Canara HSBC Grow Smart Plan | 7 years-65 years | Rs.25,000 per annum |
What is average returns on ULIP plan?
These ULIP funds have given the highest returns in their categories.
| ULIP Funds | Returns | |
|---|---|---|
| Kotak Superannuation Group Bond Fund | 8.30\% | 8.70\% |
| LIC Life Market Plus Secure Fund | 10.22\% | 12.40\% |
| TATA AIA Life Future Select Equity Fund | 15.46\% | 22.44\% |
| TATA AIA Life Super Select Equity Fund | 15.29\% | 22.58\% |