sir, ulip secure funds will offer you guarenteed returns(unit purchase price is also guarenteed in aviva-life insurance). fund manager, switching facility can help the policyholder to reduce the market risk. if you compare the returns between traditional and ulip, returns are very atractive in ULIP ONLY. thanking you sir,
First of all let me clear that ULIP stands for a standard product of UTI and the contents of the statement terms ULIP's as the Unit Linked Plans of all the insurers available today. these may better be known as UNIT BASED PLANS, although all the insurers are referring them as BIMA PLUS, UNIT GAIN etc. Secondly let me clear that the return of 77% within a year is something mind boggling.it is sure that the scheme is not free from encumbrances. Every body know that these sort of schemes are subject to market risks and it pay prove someday a day of repentance for the investers. These investments in the market that is speculative are not in the best interest of the investors or of the nation. The boom we are seeing today may be shortlived and soon the investors may land in trouble. It is very dangerous to link life insurance with the speculative market. Life insurance is a slow and steadily built up savings with assured growth and coverage of risks. Today we are finding that the basic concept of coverage of risks has been forgotten and the insurers are just collecting the funds in the name of growth. Allocation of 105% of the funds invested are assured but not the returns. How dare?
