Investment insurance plans are financial products to create wealth for future goals. These insurance policies act as investment instruments for saving for future or creation of wealth and also has comprehensive life cover.
Always buy life insurance with a goal, that will decide term of investment, when do you require amount and how much do you require. Short term goals like buying house, car, marriage etc or long term goals like kid’s education, marriage or creating corpus for retirement.
Investment insurance policies are time tested investment or saving instruments. It is one of many investment financial instruments available at India.
Wise wealth making
Tax saving
Child's Future, for education or marriage.
Pension for Happy retirement
Traditional Plans - Endowment & Money back plans
ULIP - Unit linked Investment plan
Planning ahead gives you peace of mind
Secured Future - For Self & Family
Tax benefits - 80 C, 80 D, 10(10D)
Investment diversification
Life Cover + Investment
Guaranteed Returns
Lumpsum at maturity
Periodic Money back during the term.
Fixed or increasing income
Savings/growth/guaranteed returns plans
Endowment insurance plans
Money back insurance plans
ULIP – Unit Linked Insurance Policy
Provides life cover and fund savings option for future goals. In this type of policy returns are fixed and guaranteed. Return % might be small compared to the market linked plans, however they are safe and steady investment considered as savings for future.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term i.e. on maturity or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness. The endowment plans pays the money, which includes the sum assured (or cover) and bonus, on the maturity of the policy.
The money-back policy from Life Insurance Corporation in India is a popular insurance policy. It provides life coverage during the term of the policy and the maturity benefits are paid in installments by way of survival benefits in every 5 years. The plan is available with 20 years and 25 years term. In the event of death within the policy term, the death claim is made up of full sum assured without deducting any of the survival benefit amounts already paid. The bonus is also calculated on the full sum assured.The premium paid is tax deductible under section 80C of Income Tax Act 1961.
Money back policy, returns money usually as a fixed percentage of the sum assured to the insured during the term of the policy at some regular frequency (e.g. 5 years)
A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
A Unit-Linked Insurance Plan is essentially a combination of insurance and an investment instrument. A portion of the premium paid by the policyholder is used to provide insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments. The aggregate premiums collected by the insurance company providing such plans is pooled and invested in varying proportions of debt and equity securities in a similar manner to mutual funds. Each policyholder has the option to select a personalized investment mix based on his/her investment needs and risk appetite. Like mutual funds, each policyholder's Unit-Linked Insurance Plan holds a certain number of fund units, each of which has a net asset value (NAV) that is declared on a daily basis. The NAV is the value upon which net rates of return on ULIPs are determined. The NAV varies from one ULIP to another based on market conditions and fund performance.
Return of investments happens in dual benefits death benefit return at death or survival benefit at maturity. In case of unfortunate demise of insured nominee receives death benefits.
Life insurance is good taken with investment goal i.e you are saving money to achieve a life goal, like buying a house, car, marriage, kid’s education or marriage, saving for retirement corpus. You have options like fixed, guaranteed returns or with added bonus or marked link participating plans. Based on your needs and risk appetite choose the plans
Long term investment plans with investment term of 20 or 25 years, also all the life insurance plans come with a minimum lock-in period, where the amount invested cannot be withdrawn for a fixed period of time there by helping you create good corpus for future
80C – amount invested in these plans will be tax exempted with the statutory limits. 10(10)D payout received at maturity is also exempted from taxation within the statutory limit.
Disclaimer: Please note that the information provided is collected from insurers online sources and other publicly available resources & which we believe to be reliable. Policy2Day doesn't warrant the accuracy, reliability & absoluteness of information provided on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and thepolicymart.com does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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