Policybazaar - New Delhi
Insurance - Compare & Buy Insurance Plans – Health, Term, Life, Car - Policybazaar.com
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About Policybazaar
What is ULIP (Unit Linked Insurance Plan)?
ULIP is the acronym for Unit Linked Insurance Plan. A ULIP is the combination of investment and insurance. Within this plan, the policyholders can make the premium payment annually or monthly. One part of the premium amount is used to provide a life insurance cover and the remaining sum is invested.
In these plans, the investments are subjects to the risks associated with the capital market. The policyholder bears the investment risk on his/her investment portfolio. Hence, it is recommended to make an investment choice basis the needs along with the risk appetite.
Another factor that has to be taken into consideration by the policyholder is the future needs of the invested funds. Moreover, a unit linked plan is much more transparent. The charges including fund management charges, allocation charges etc. are clearly stated upfront.
Unit Linked Insurance Plan also allows its investors to switch their investment from debt to equity and vice-versa, without running from pillar to post and any worries of being charged.
ULIP plans were first introduced in India by Unit Trust of India (UTI) in 1971. This was followed by ULIP offerings from Life Insurance Corporation in 1989. Initially, a lot of investors shied away from investing in ULIPs due to the high charges associated with this insurance-investment product. However, in the recent times, major life insurance providers including Bajaj Life, HDFC, ICICI Pru, and Edelweiss Tokio came out with new-age ULIP products with bare minimal charges and multiple features to ensure maximum returns and comprehensive insurance protection for the investors.
Contact Policybazaar
| Address : | Building -78, Guru Amardas Bhawan, 204, 2nd Floor, Nehru Place, New Delhi, Delhi 110019, India |
| Phone : | 📞 +987 |
| Postal code : | 110019 |
| Website : | https://www.policybazaar.com/ |
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V3dansh on Google
★ ★ ★ ★ ★ I would recommend policy bazaar to anyone and everyone who wants to have an insurance. There services are best there is, while also being cheap, and what's best is the seamless pay system they provide. honestly loving it!
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Sonalika Chauhan on Google
★ ★ ★ ★ ★ During this uncertain time I had been struggling a lot with insurance and stuff. For a bachelor like me with not a lot of information about this, Policybazaar has come handy and it has tons of options. I loved their Coronavirus Term Insurance. All that I needed!!
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Rishabh Singh on Google
★ ★ ★ ★ ★ I'm so thankful for this. Policybazaar's quick and hasslefree services give the best customer experience you can expect, with much cheaper prices than others. What's best thing about this is that it does this while providing the best online life insurances and other insurances .
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Lemme See on Google
★ ★ ★ ★ ★ It's the best software for policy related thing. I got to see many options with great prices.It provides great safety net for Indian households. I had great experience with them!
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Yashita Gupta on Google
★ ★ ★ ★ ★ They provide exceptionally good service. Their two wheeler insurance is very good and easy to get. Best software for all policy related things.
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Tusshar Mishra on Google
★ ★ ★ ★ ★ It provides best health insurance plans. Policy bazaar also is a very good app for term life insurances. Tracking of payment is quite easy.
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Ishita Dua on Google
★ ★ ★ ★ ★ Policy bazaar has a detailed explanation of all the policies. One can easily choose term life insurance and it has seamless claim which is extremely helpful
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KISLAY KUMAR on Google
★ ★ ★ ★ ★ Application helps in maintaining documents and it's soft copy. Easy and seamless payment. It provides exceptionally good service. It has best software for policy related thing.
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