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    WEALTH CREATION

    ULIP Plan: Build and manage your personal wealth with ease

    Last Updated On 20-11-2019

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    In the policy the investment risk in the investment portfolio is borne by the policyholder

    Management and building of wealth is a deliberate process. Only when you manage and save today can you achieve financial freedom in the future. Wealth management goes hand in hand with income generation. Once you have a regular flow of income you need to start making wealth plans to save, spend and invest.

    One can also go in for ULIP, which refers to a market linked product that aggregates the very best of insurance and investment. This plan is linked to the capital market and offers flexibility in equity or debt funds as per your risk appetite.

    ULIPs are classified on the basis of the purpose that they serve,

    1. ULIP for retirement – As according to this plan you need to make the payment in the tenure of your employment, which is collected in a corpus amount, which is paid in the form of annuities after retirement.
    2. ULIP for wealth collection – This is suggested for people in their late twenties or early thirties by offering the flexibility to fund their future financial goals by primarily accumulating wealth over a period of time.
    3. ULIP for children education – Assuring that your child gets sound education throughout is your duty as a parent. There are several ULIP plans that provide money in small chunks to provide for the important milestones in your child’s life insuring that nothing hinders their life in any manner.

    A unit linked insurance plan is a financial instrument that combines the benefits of insurance and investment in one single plan.

    In the Unit linked life insurance product, the Investment Risk in investment portfolio is borne by the Policyholder.

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

    Disclaimer:

    The aforesaid article presents the view of 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 or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health 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 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    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.

    Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers!
    IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint.
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    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.

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