Policybazaar - Ludhiana
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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 : | SCO 25, First Floor, Legacy Tower, opp. ICICI Bank, Feroz Gandhi Market, Ludhiana, Punjab 141001, India |
| Phone : | 📞 +9899 |
| Postal code : | 141001 |
| Website : | https://www.policybazaar.com/ |
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Kalpak on Google
★ ★ ★ ★ ★ I don't normally go for insurance companies online but this one has detailed explanation of all the policies and exceptionally good service, so I tried it and it is really very good.
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Nikita Malik on Google
★ ★ ★ ★ ★ Best online life insurance. Quick and Hassle free services are available. All types of insurance are there - car , travel,coronavirus, senior citizens mediclaim and many more .
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parth punia on Google
★ ★ ★ ★ ★ Provided the best car insurance within reasonable cost. The payment was easy and seamless. The services were quick and hassle free.
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Arshpreet Seera on Google
★ ★ ★ ★ ★ The best software for policy issues. Payments for two-wheeler insurance are made in a simple manner. It's easy to keep track of payments.
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dolly seera on Google
★ ★ ★ ★ ★ So detailed explanation of all the policies. The software is so simple and seamless to use. User friendly and easy to operate. The prices of the policies are much cheaper than other.
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Rejakshi Chatterjee on Google
★ ★ ★ ★ ★ Provides the best life car health and travel insurance. The prices of the policies are much cheaper than the others. Application helps in maintaining documents and it's soft copy.
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jahanvi pragati on Google
★ ★ ★ ★ ★ Really good experience.. They cover all type of insurance, health,life and care insurance policies etc. And also they have great assistance. Easy payment made it all worth it as well
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Vidhi Choudhry on Google
★ ★ ★ ★ ★ They are the best term life insurance company. Their application helps in maintaining documents and its soft copy. The tracking of payment is easy and they give detailed explanation of all the policies. The prices of the policies are much cheaper than others.
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