It’s been over two months since the new IRDA norms for unit linked insurance plans (ULIPs) came into effect. The guidelines that have capped the overall charges and also imposed a minimum prescribed return may offer a much fairer deal to investors, but don’t seem to have set the cash registers ring for companies.
NG Life India today launched its versatile new Unit Linked Insurance Product (ULIP), which meets the wealth accumulation and protection needs of customer.
Money-back plans, due to their very structure, are conservative investment options aimed at minimizing risk and providing certainty to the policyholder.
On the occasion of its 54th anniversary, the Life Insurance Corporation of India on Friday launched a new scheme – LIC pension plus. A unit linked deferred pension plan, the scheme provides the customer with a minimum guarantee on the gross premiums paid. The plan is without any life cover during the term of the policy.
Leading the array of Unit Linked Life Insurance Plans (ULIPs) being introduced, SBI Life, the leading new generation life insurer, has launched Smart Performer and Unit Plus Super. These products are part of the new range that would address long term wealth-creation and protection needs of varied customer segments.
More than 60 new unit linked insurance policies (ULIP) have been filed for approval with the insurance regulator during the past two days by the Indian life insurers.
Wealth Plus from LIC is a Single Premium Insurance policy unit linked plan having a term of 8 years and with a Payment term of 3 years or Single premium.
Wealth Plus guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.