ULIP Health Plans

ULIP Health Plans offer health insurance as well as investment. In traditional Health investor plans there is very little or no chance for the investments to grow. In ULIP Health plans there is an opportunity for the Funds to grow. Fund swithching is important in this plan also.

ULIP as an investment

Unit Linked Insurance Plan (ULIP) is a product that offers life insurance as well as investment. Part of the premium goes towards sum assured (insurance cover) and the balance goes to investments.

Compared to Traditional Insurance Plans ULIPs are better if serviced properly. ULIPs are more transparent and flexible than the Traditional Insurance plans. ULIP gives the investors the flexibility of Fund Switching. Through the methods of fund switching, higher income can be generated. Insurance product service under ULIP is not limited to premium collection. Fund switching is absolutely essential in ULIPs.

Mutual Funds

Mutual Fund is an investment scheme that pools money from investors and invests it in stocks, bonds, money instruments and/or other securities. Units of these schemes reflects the share of investors. It's appreciation is judged by it's NAV.