What are ULIPS| Should you invest in ULIPS| ULIPS Vs Mutual Funds

  • 🎬 Video
  • ℹ️ Published 2 years ago
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A Unit Linked Insurance Plan is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan but are they worth investing in? So, in this video, we have discussed everything about ULIPS, how they work, what are the benefits. Also, we have compared both ULIPS and Mutual funds in terms of their Charges, Liquidity, Transparency, etc so that you can choose the best investment option between them.

0:00 Introduction
2:07 Types of Insurance
2:52 What are ULIPS
4:30 Charges of ULIPS
7:45 ULIP Vs Mutual Funds
9:46 Liquidity in ULIP Vs Mutual Funds
11:46 Tax Benefits
12:42 Transparency in ULIP Vs Mutual Funds
13:11 Returns in ULIP Vs Mutual Funds
13:50 Insurance
15:21 What to do with ULIPS

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#ULIPVsMutualFunds #ULIPS #LifeInsurance

💬 Comments
Author

I invested In ULIP, It was invested in debt at first & then I switched to equity (4 switches are free per year for my plan). Though I had to apply my intuition and knowledge I am at a substantial profit at this point. I plan to switch it back to debt when the market turns bearish. Though there are lots of negative things said about this, this plan is working for me notwithstanding the mortality charges etc. However the biggest benefits to me is that 1. I will have to stay invested for 5 years atleast which is in a way good. 2. I can switch between fixed income and equities whenever I feel like subject to the max of 4 which is again sufficient. 3. The most important is that there is ZERO tax on the gains as my investment amount is less than 2.5 lakhs.

Author — S Mitra

Author

Thank you for valuable explanation. But i have the following doubts
1. If I want to invest for the future of my children in long term then The locking period may help in Ulip where as in mutual funds there is a chance to withdraw when the market highly works. There would be a temptation.
So for my actual goal is there any alternate solution?

Author — Prashanth varma

Author

Your channel is full of valuable information and underrated. It is much better than other channels who cover insurance topics but doesn't provide holistic information. Keep it up!

Author — sikku mathews

Author

Thanks a lot for the valuable information on ULIPs. Can you please make a video on endowment plans? Taking example of lic plans....

Author — Yashasvi Galav

Author

Great knowledge provided by finology to common man about financial management, thanks

Author — tushar gupta

Author

Nice explanation, Can you tell us what is Smart SIP in mutual fund ?

Author — Nomadic অসমীয়া

Author

Very well explained, in detail. Indeed ULIPS are not transparent with their charges. This video was an eye opener, very informative. Thank you.

Author — A K

Author

Nice explanation, Can you tell us what is Smart SIP in mutual fund ?

Author — Nomadic অসমীয়া

Author

Can you compare with Heath insurance with life insurance, can you compare Car insurance with life insurance, can compare Morgauge insurance with Life insurance..

ULIP insurance basically for your INVESTMENT ...but LIFE LINE taken as a reference ..

Do not mislead the concept of Ulip Insurance ..

Author — SHANI

Author

Nice explanation, Can you tell us what is Smart SIP in mutual fund ?

Author — Nomadic অসমীয়া

Author

Nice explanation, Can you tell us what is Smart SIP in mutual fund ?

Author — Nomadic অসমীয়া

Author

Nice explanation, Can you tell us what is Smart SIP in mutual fund ?

Author — Nomadic অসমীয়া

Author

Very comprehensive video ..loved the content of it...❤️

Author — Albert Ishu

Author

Your advise is really in depth & useful forever for all.

Author — Sanjaya Patel

Author

Such good financial advice in free of cost awesome mam

Author — Bhagyash Bhovte

Author

Nice कीर्ति . I have hdfc life plan with primium 30000 per year. I already paid 2 year primium and next premium date was 9th mar but I didn't pay till today. I am 26 year old did I switched this policy or I should continue to 5 yr ...which is better for me Plz suggest ❤️

Author — पहाड़ी छिलुक

Author

Actually endowment plan's return is also not fixed. It depends upon the bonus rate declared by the company at the end of financial year.

Author — Alok Ranjan

Author

Icici prudential signature ulip-
1. Return of premium allocation charges.
2. Unlimited fund switches free of cost .
3. Double sum assured 10×10

Author — Deepak Mishra

Author

Please make a vedio on lic endownment plan pros and cons, charges,surender charges

Author — Manoj Das

Author

That's very helpful video. But I've a question why people design such complicated tool like ulip if there is no benefit at all. Just to earn profit for their company and loot us?

Author — Ayush Sinha