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Top 6 Flexible Benefits That ULIPs Offer

By Finserv MARKETS - Mar 29,2019
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Unit Linked Insurance Plan, is a product offered by insurance companies that gives investors a combination of both investment and insurance under a single integrated plan. ULIP plans guarantee to offer great benefits for investors in the long run and are available in abundance across India. Over the years, it has proven to be an extremely lucrative investment, which is why it is often recommended by many contemporary financial experts.

Now, let’s discuss the various ULIP benefits in the following paragraphs:

Flexible Investment Options

ULIPs offer investors with different risk levels, i.e. you will be provided with low, medium and high, risk investment options under the same policy. The plans are designed to allow customers to switch between fund options; offering a maximum of 12 switches per year. This will provide you an opportunity to invest as per your risk appetite.

There are two main types of unit linked insurance plans – premium based, or sum assured. Such flexible options allow you to diversify your investment portfolio without any hindrances.

Transparency

Your ULIP policy will be transparent to the core, provided you select a well-known service provider like Bajaj Allianz. Everything will be crystal clear right from the pricing structure to the anticipated value, tenure and expected rate of returns.

You will have a clear idea regarding where your hard-earned money is going. Our managers will always be around the corner to provide quality assistance whenever needed. After all, as an investor, it’s your right to receive quarterly and annual account statements along with the current status of your investment portfolio.

Higher Liquidity

If customers urgently need money due to unforeseen emergencies, then they will be allowed to partially withdraw from their investment. This means your invested amount will also act as a contingency fund and offer financial respite during difficult times. However, this facility can only be availed after 5 years from the date of investment. The Bajaj Allianz Life Goal Assure plan available on Finserv MARKETS lets you make partial withdrawals from your investment.

Disciplined and Regular Savings

Unit linked insurance plans are also an excellent option for new investors as it’ll help them develop the important habit of making regular savings.

Tax Benefits

Investors can avail tax benefits under Section 80C of the Income Tax Act. This makes the prospect of ULIPs as an investment plan even more attractive for customers.

Spread of Risks

By choosing unit linked insurance plans, you will get all the benefits of market-linked growth without being directly involved in the stock market. Your fund manager will provide suggestions based on your risk-taking ability.

So, go ahead, purchase a Bajaj Allianz Life Goal Assure ULIP online at Finserv MARKETS today!

To know more on ULIP investments in depth, you can check out these blogs:

“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs . What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522