Aviva life, birla sunlife,hdfc standard,icici prudential,tata aig Advantages

This plan provides valuable protection to your family in case you are not around. In case of your unfortunate demise during the policy term, we will pay the greater of the Sum Assured or your total fund value to your nominee.
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You can choose any of the following 2 plan options as per your requirement.

Life Option = Death Benefit Extra Life Option = Death Benefit + Accidental Death Benefit
On maturity, you can take the Fund Value at the prevailing unit prices as lump sum or you can opt for settlement option. You have flexibility of

Switching: You can move your accumulated funds from one fund to another anytime Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961. HDFC SL ProGrowth Flexi is a very simple ULIP PLan with no Loyalty Additions or extra features. Infact, the plan is so simple there is nothing much to write about. It can be said as a sister plan to ProGrowth Super IIwith only one

major difference, in this plan the death benefit is higher of Sum Assured or Fund Value whereas in ProGrowth Super it is Sum Assured + Fund Value. The Yield Net of Charges of this plan is 7.84% which is on the lower side compared to other ULIP Plans available in the market. The only saving grace of this plan is that the Opportunities Fund of HDFC is generating a moderate return of around 13-14% over short term period of over a year. However, its bluechip Fund is having a very low returnsof around 4% since inception of January, 2010. All in all, there is nothing new or exciting in this plan as compared to ULIP offerings of other companies.
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Option of taking Accidental Death Benefit rider

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Simple ULIP Plan Good Performance of Opportunities Fund since its inception in January, 2010 Bad Performance of Bluechip Fund Higher Charges as compared to other ULIP Plans Lower Yield Net of Charges The plan has nothing to recommend about in its features, charges etc. except average performance of its Opportunities Fund which may or may not continue in future. The Charges in the plan is also on the higher side. Therefore, all in all the plan is 50:50 considering the performance of its Opportunities

Fund, otherwise, the plan has nothing for us to recommend.

Information Entry Age Policy Term Paying Term Minimum Premium Maximum Premium Allocation Charges Admin Charges Loyalty Additions Riders Yield Net of Charges Other Information 8-65 Years 10 Years 5 Years Rs. 50,000 Rs. 2,00,000 Year 1 6% Year 2 5% Year 3-5 3% Year 1-5: 0.25% of Annual Premium per month (3% p.a.) Year 6-10: 0.1% of Annual Premium per month 2% of FV on Maturity at Prevelant NAV NA 6.84% @10% return (as per brochure figures) Guaranteed Plan: Guarantee of highest daily NAV in recorded in First 7 years on Maturity Guaranteed NAV not taken into account for Calculating SA in case of Death No Top Ups

ICICI Prudential LifeTime Premier Review

Entry Age Policy Term Paying Term Minimum Premium Maximum Premium Allocation Charges Admin Charges Loyalty Additions Riders Yield Net of Charges Other Information

7-65 Years Limited Pay 10 Years Regular Pay 10,15,20,25,30 Years 5Years or Policy Term Limited Pay Rs. 50,000 Regular Pay Rs. 18,000 No Max Year 1 9% Year 2 to 3 7% Year 4-5 6% Year 6 Onwards 3% Nil Every 5 Years 2% of Avg Fund Value NA 7.36% @10% return (as per brochure figures) Death Benefit: Sum Assured + Fund Value

questionnaire-to-analyze-investors-view-towards-unit-linked-plan-ulip-of-icici-prudentiallife-insurance

Unit Linked Plans offer Multiple Benefits i.e. Insurance + Investment + Tax Benefits. Demand of ULIP are increasing due to aggressive marketing done by Insurance Companies. You can use this questionnaire to analyze the investors view towards Unit Linked Plan (ULIP) of ICICI Prudential Life Insurance : Q1. When you have taken Unit Linked Plan of ICICI Prudential Life Insurance ? a. 1 Year Before b. 2 Years Before c. More than three years before

Q2. What do you feel after investing in Unit Linked Plans of ICICI Prudential Life Insurance? a. Good b. Averagely Satisfied with the investment decision c. Cheated Q3. Reasons for investing in Unit Linked Plans of ICICI Prudential Life Insurance? a. Returns b. Schemes are good c. Recommended by Family & Friends d. Needs to save tax e. Offers Multiple benefits like investment+insurance +Tax Saving Q4. How do you rate the Premium Amount to be paid in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Medium c. Low Q5. How do you rate the returns in Unit Linked Plans of ICICI Prudential Life Insurance? a. Good b. Average c. Poor Q6. How do you rate the units allocated in Unit Linked Plans of ICICI Prudential Life Insurance? a. Good b. Average c. Poor Q7. How do you rate the risk associated with Unit Linked Plans of ICICI Prudential Life Insurance? a. Good

b. Average c. Poor Q8. How do you rate the schemes with Unit Linked Plans of ICICI Prudential Life Insurance? a. Good b. Average c. Poor Q9. How do you rate the flexibility with Unit Linked Plans of ICICI Prudential Life Insurance? a. Highly Flexible b. Averagely Flexible c. Not at all flexible Q10. How do you rate the transparency with Unit Linked Plans of ICICI Prudential Life Insurance? a. Highly Transparent b. Averagely Transparent c. Not at All transparent Q11. How do you rate the Mortality Charges in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Average c. Low Q12. How do you rate the Premium Allocation Charges in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Average c. Low

Q13. How do you rate the Fund Management Fees in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Average c. Low Q14. How do you rate the Administration Charges in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Average c. Low Q15. How do you rate the Surrender Charges in Unit Linked Plans of ICICI Prudential Life Insurance? a. High b. Average c. Low

ULIP IN INDIA ULIP in India are on the top in the popularity chart because it offers more benefits than traditional life insurance plans. There are many benefits are available such as higher returns on investment, partial withdrawal, flexibility to choose life cover, wider fund options, top up facility, free switches, tax benefits, etc.

If you are looking for long term investment and better returns, ULIP is a right option to achieve your goal. But, you may find difficulties while purchasing the ULIP, because there are single and regular premium option. You have to choose the right option for you.

In single premium ULIP, you need to pay a single payment and you will enjoy the benefits throughout the policy term. In case of regular premium, you need to pay premium on regular basis, it can be paid by annual, half annual, quarterly and monthly mode.

In terms of investment, both products offers similar options like equity, debt and liquid. Under

regular premium option you may ask for commitment to pay more. But, under single premium product nobody will ask you to pay more as a matter of commitment.

In the initial years of ULIP, single premium product offer better returns than regular premium product. But, its balance power shifts down latter. But this is not in effect, the product is sold very aggressively due to IRDA norms. Regular premium ULIP products are also good in various factors such as affordability, tax benefit and large return.

There are also ULIP charges to consider than single and regular premium. It is also important to take a overview of different charges are under ULIP plans. It includes premium allocation charge, risk cover charges, policy administration charges, fund management charges, service tax charge, miscellaneous charge, etc. At the end, ULIP is a good mixture of life cover and investment. But dont buy it for investment purpose only, there are another good options available for the investment. Unit linked insurance plan (ULIP) is a life insurance solution that provides the client with the benefits of protection and flexibility in investment. It is a solution which provides for life insurance where the policy value at any time varies according to the value of the underlying assets at the time.

The investment is denoted as unit and is represented by the value that it has attained called as Net Asset Value (NAV). ULIP came into play in 1960s and became very popular in Western Europe and America. The reason that is attributed to the wide spread popularity of ULIP is because of the transparency and the flexibility which it offers to the clients. As time progressed the plans were also successfully mapped along with life insurance needs to retirement planning.In todays times ULIP provides solution for all the needs of a client like insurance planning, financial needs, financial planning for childrens future and retirement planning. CHARGES UNDER ULIP

Contribution Related Charges : These are the charges that are represented as a percentage of the regular or single contribution paid. In case of a regular contribution plan, it is usually high in the first year to pay for the distribution cost. This charges pays for the issuance and for distribution commissions. This charges are running for the policy.

Administrative Charges : These are charges that are levied for the administration of the policy and the related cost of administration of the insurance company,itself. They are more related to the cost like IT , operational, etc cost of continuing the policy.

Fund Management Charges : These are the charges for buying and selling debt and equity. These are the charges are adjusted in NAV it self.

Mortality Charges : This covers the cost of providing life protection for the insured and may be paid once at the start of the policy for a recurrent manner for example this charges levied to provide the insurance cover under the plan . normally these charges are one year charges as per the age of the holder.

Rider charges : Rider charges are similar in nature to the mortality charges as they are levied to pay for the other protection benefits that the policy holder has choosen forlike the critical illness benefit or the accident benefit,etc.

Surrender Charges : When the policy holder decides to surrender the policy or partially withdraw some of the units for cash , a surrender charge may be apply. Surrender charges are used to cover initial expenses that have been incurred by the company but not yet recovered from the policyholder yet.

Bid offer Charges : In ULIP specifically certain insurers might create a difference in the price at which they sell the unit and the price at which they buy the units. Investors contribution are used to buy units in the investment fund at the offer price and are sold when benefits are required at the bid price. The difference between the offer and bid prices Is known as the bid-offer spread, this is used to cover expenses when setting up the policy.

Transactional specific Charges : These charges are levied when the client does some specific transaction like changing funds, topping up the investment component or withdrawals.