Dear Readers,
This is the table to comparision of Traditional insurance plan with Unit Linked Insurance Plan (ULIP). When you people are taking any dession about the insurance which you are planning to take, this table may help you in making such dession.
| FEATURES | TRADITIONAL PLANS | ULIPS | |
|---|---|---|---|
| Investment mix | High exposure to bonds and no choice to hike equity exposure | Policyholder can choose exposure to debt, equity | |
| Transparency in cost | No | Yes | |
| Alter scope of cover | No change possible in sum assured and premium | Freedom to enchance life cover, top up premiums | |
| Charges | Variable charges through the term of the policy | Flat charnges throughout the term | |
| Vary exposure to risk | No option for policyholder to alter exposure to risk | Possible to switch between fund options | |
| Premium hoiliday | No | Allowed | |
| Liquidity | Plociyholder can take a loan against the policy after three years | Partial withdrawals allowed after three years | |
| Policy value | Complex calculation to arrive at paid-up value after 3 years | Surrender value indicated at the end of each policy year |
this table is taken form Money Today
For more details please contact our adviser
Venkataramana . D
email id: sriram.adviser@gmail.com
phone no : +91-9741598945
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