Unit Linked Insurance :

  This is a hybrid Insurance concept which in true sense is better than Endowment Insurance.
  The life cover is 5 times to 10 times of the premium paid.
  The investments made by the Insurance company is transparent and its unit price movement is declared everyday, just like mutual funds NAV.
  More over the investor has got the flexibility to pay premium for part of the term period and take a premium holiday but still enjoy the benefits of Life cover.
  This policy can be withdrawn any time after prescribed time frame (mostly 6 years) without any exit load.
  Repayment value depends on prevailing market price of the units.
ULIP’s offer wide variety of funds to invest in. Investors can choose one or more funds and allocate their investments to optimize the returns.