2006-07-09 23:19:06 · 4 answers · asked by vishnu v 1 in Business & Finance ➔ Investing
ULIP stands for Unit Linked Insurance Plan.
It serves dual purpose. It not only gives to Life Cover but your money is invested in equity funds which has the probabilty of increasing your money at maturity many folds at the time of maturity.
Since the insurance plans are generally for long term say 20-25 years the risk assosiated with ULIP is practically nil since during this tenure markets fall and rise many times.
Some more info on ULIP
To put it simply, ULIPs attempt to fulfill investment needs of an investor with protection/insurance needs of an insurance seeker. ULIPs work on the premise that there is class of investors who regularly invest their savings in products like fixed deposits (FDs), coupon-bearing bonds, debt funds, diversified equity funds and stocks. There is another class of individuals who take insurance to provide for their family in case of an eventuality. So typically both these categories of individuals (which also overlap to a large extent) have a portfolio of investments as well as life insurance. ULIP as a product combines both these products (investments and life insurance) into a single product. This saves the investor/insurance-seeker the hassles of managing and tracking a portfolio of products.
There are many companies which provide ULIP services. eg UTI, ICICI Prudential, Birla Sun Life to name a few.
2006-07-10 00:52:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Acronym Definition
ULIP Unit Latihan Industri Pelajar (Mayanmar)
ULIP Unit Linked Insurance Plan
ULIP User-Level IP
2006-07-14 23:48:22 · answer #2 · answered by vishal 3 · 0⤊ 0⤋
ULIP means Unit Linked Insurance Plans
this plan is started in India for the very first time by UTI bank
now we have so many companies
this plan is actualy like a mutual fund investment in which u can have life Insurance with tax rebate and one more extra facility dear
you can make ur black money in white here and it is legal
dividends are higher
no need to invest for to long just pay only for three years and sit relax
2006-07-10 00:59:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unit Linked Insurance Plan. Go to UTI site for details
2006-07-09 23:37:15 · answer #4 · answered by mallu 1 · 0⤊ 0⤋