Skip Navigation
0 of 0 Displaying
 |   Displaying

No Results

    WEALTH CREATION

    How to Choose the Best ULIP Plans in Your Investment Portfolio

    Last Updated On 28-07-2018

    Most financial advocates today suggest the use of Unit Linked Insurance Policy (ULIP) as an important opportunity to build up the investment portfolio. The ULIP insurance is a product which gives you the opportunity to invest as well as have an insurance cover under one plan. ULIPs offer immense protection, stability and security to a policyholder during his life and after his death. What more does a person need in terms of an insurance policy?

    Selecting the right ULIP

    It is important to understand the parameters involved whilst selecting the most appropriate ULIP, based on the ability to cope with risk. Selecting the right ULIP insurance policy may vary as per the capacity to handle risk and may also depend on personal investment goals.

    Efforts should be made to choose an online ULIP plan as various plans could be compared with each other to select the one which is most appropriate as per one’s financial needs. Also, a ULIP plan which has the widest range of options across allocation of assets, should be selected. ULIPs could have different personal investment goals and therefore, should be opted for accordingly. These vary from funding a child’s education to planning for retirement or meeting medical emergencies. In all these phases, funds are required urgently by an individual and therefore he/she can opt for withdrawals whenever needed to meet the emergency. One should always consider ULIPs as a long-term investment having minimal risks and therefore, pay off well.

    What to watch for

    However, the charges and taxes associated with ULIP policies cannot be ignored. Therefore, the plan that gives the greatest flexibility in terms of the best ROI and least associated charges and risk should be picked up by the investor. Furthermore, one should always select the ULIP plan which gives the facility of switching between funds, whichever option seems most beneficial. Also, the ULIP which gives the facility of redirecting your premium should be selected. The premium should not create an element of pressure or burden on you. One should be aware that the policy might lapse anytime if the premium is not paid on time. Therefore, many factors and parameters need to be considered whilst selecting the best ULIP insurance-policy.

    To sum up

    To conclude, it is important to know what a ULIP policy is and have further insight into its structure and benefits. The insurance cover, risk tolerance, premium payment details, incurred charges and switching option between funds should be studied well by the investor. These benefits might range from fund switch, premium redirection, partial withdrawals to multiple top-ups in existing policies. Thereafter, it is important to select the most appropriate plan from those available to suit one’s requirements and personal goals. It is also important to take the right amount of life cover and look for a long-term investment opportunity. The key features, charges and tax benefits associated with ULIP plans should be discussed well with the advocate. Therefore, based on risk appetite and future targets, the right balance between equity and debt policies could be selected. The ULIP policies that depict high flexibility in terms of premium payments should be selected. 

    To know more about Term Insurance, browse the website for various Term Plans offered by PNB MetLife.

    Disclaimer:

    The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision..

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969 Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    EC344 LD/2019-20/360

    BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    Get Good Returns from Investments | PNB Metlife

    WEALTH CREATION

    How to get good returns from investments?

    Why do people invest? Financial investments are important to secure your future against uncertainties and emergencies. Financial investment ensures...

    Indian Life Insurance Industry And Budget Expectations | PNB Metlife

    WEALTH CREATION

    Indian Life Insurance Industry and Budget Expectations - Hear from our CFO

    The outlook for the Indian life insurance industry looks promising with growth projections of 12-15% CAGR for the next five years. There also lies ...

    WEALTH CREATION

    Key Priority Areas from the upcoming FY18 Union Budget – Hear from our Chief Investment Officer

    The FY18 Union Budget has become one of the most awaited announcements for several reasons. A host of operational changes to Union Budget’s present...

    Secure Your Family Future With Tax Benefits | PNB Metlife

    WEALTH CREATION

    A Term insurance is the most basic form of security that you can provide your family with, along with the benefit of making tax saving investments....

    3 Things to Know Before Discontinuing ULIP Policy | PNB MetLife

    WEALTH CREATION

    The unit-linked insurance plan (ULIP) is a hybrid insurance plan which combines the benefits of investment and insurance in one product. ULIP is a ...

    Want to know more about how you can protect your family?

    See all our articles

    Get a Callback

    OTP sent successfully

    Thank you for getting in touch with us. We will contact you shortly.

    Disclaimer:
    The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203
    EC344 LD/2019-20/360

    BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    Disclaimer

    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

    Site best viewed in following browsers
    Chrome 70+ , IE 11+, Firefox 76+, Safari 11+

    Get a Callback Get a Callback

    Ask khUshi

    Hi! I’m khUshi. How can I help you?