Unit Linked Insurance Plans (ULIP)

Among all kinds of insurance-cum-investment products, a Unit-linked insurance plan (ULIP) is the only plan which gives you greater control to decide on where your premium can be invested. These plans are suitable for those who understand the intricacies of the share market and are well aware of the various charges attached to ULIP.  Before you decide on buying a ULIP, you must know the fact that it is considered the most abused insurance plan in India.

Investment Products

Pension Plans

Pension plans are investment option which helps you to set up an income stream in your post retirement years. For this you will need to give away your savings to an insurance company, which will charge you a nominal fee and invest your savings on your behalf. The returns you which you receive shall depends on a number of factors like what was the amount you contributed and when you bought the plan, the number of years when you want the money to come to you and at what age that starts.

A pension plan contract will offer you two options, either to receive the payment (called annuity) immediately after you enter the contract which is known as the immediate annuity contract, or after some years of deferment, known as deferred annuity.

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