Prajna Capital |
- Types of Life Insurance
- How to maintain a ULIP after buying?
- Are investments in mutual funds liquid?
| Posted: 31 Oct 2014 07:27 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Types of Life Insurance Life insurance should be an important part of your financial plan. It offers security to your family members should anything untoward happen to you. Let's look at the different types of life insurance policies that are available in the market today: Term Plan A term plan is the simplest type of insurance in which you buy in an insurance cover for a specific number of years and at a certain premium. This type of insurance plan does have any other investment component. In case, the policyholder dies during the term of the policy, the sum assured is given to the beneficiary. Whole life insurance plan A whole life plan covers you for the 'Whole of your life' that is as long as you survive. A slight variation of whole life plan could be a whole life endowment plan, which will practically cover your whole life and will have the provision for maturity benefit too after a considerably long interval say at 100 years of age. The premium that you pay for this type of policy remains the same throughout the policy life. In case of the death of the policyholder, the sum assured is given to the nominee. Endowment Plan An endowment plan is a life insurance plan designed to pay a lump sum after a specified term (on its 'maturity') or on death. Endowments can be cashed in early (or surrendered) and the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid into it. Money Back Plan In a moneyback insurance plan, the policyholder gets a percentage of the sum assured at regular intervals, rather than getting the whole amount as lump sum. It is essentially a type of endowment plan with benefits of liquidity. One of the best features of this type of plan is – in the event of death of the policyholder during the policy term, the claim amount comprises the full sum assured. Also, there are no deductions made to the survival benefit amount that has already been paid. ULIPs ULIPs or Unit Linked Insurance Plans are investments made with risks associated to the capital markets. As this investment risk is borne by the policy holder, one needs to be discerning enough. Before buying a ULIP, it will be wise to consider your risk appetite and your requirements beforehand. There are several unit liked insurance products that are specially designed to suit your goals – be it for your health, marriage, retirement planning or for your child's education. Retirement Plan The main objective of retirement plan should be to create a corpus sufficiently large enough to take care of the regular stream of income post retirement. It is a type of retirement solution that can help you with regular flow of income to maintain your existing lifestyle. While planning for a retirement solution, one should take a look into vesting provisions as set out under such plans like – minimum vesting amount, open market option, i.e., flexibility to choose annuity from any of the annuity providers in the market, types of annuity being offered, etc. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
| How to maintain a ULIP after buying? Posted: 31 Oct 2014 05:07 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 How to maintain a ULIP after buying? Unit-linked insurance plans or ULIPs offer you the dual benefit of protection and investment. A part of the amount you pay as premium is directed towards providing you life cover while the rest is invested in fund/s with the exception of distribution and management charges. In ULIP, the funds are invested in are equity, debt and hybrid (combination of equity and debt). You can choose the fund option based on the kind of returns you expect and also on your risk appetite. Considering ULIPs invest in debt and equity instruments, volatile market conditions often cause panic among policy holders forcing them to abandon such policies midway. This is an incorrect approach and also one that will lead to losses. To enjoy the fruits of ULIP, you must have a long-term objective in mind and not make hasty decisions basis market conditions. Here's how to maintain a ULIP: Persist with the plan, don't look for short-term gains: When it comes to reaping the benefits of ULIP, persistence pays. Some plans offer bonus units either at the time of maturity or after a stipulated period of time. You won't be eligible for these units if you discontinue servicing your policy during the policy term. While investing in ULIPs, always have a long-term view in mind and be prepared to stay with such plans for the full course. If you're looking for short-term returns, there are chances you may be disappointed. Diversify across funds: One of the major advantages of ULIP is that you can choose the type of fund/s you wish to invest in. It makes sense to diversify your investable amount across debt, equity and hybrid funds. This way, you will be fairly insulated against market volatility. Align your investments in keeping with your financial objective and risk appetite. Know when to use the option of fund switch and use it wisely: ULIPs give you the option of switching the invested amount between different types of funds so as to help you maximize your returns. This way, you can balance the equity-debt portfolio in a manner such that market volatility does not erode your investments. However, it is very important to know when to use the option of fund switch. Using it at the wrong time can prove detrimental to your investments. Don't surrender ULIPs in haste: In the event of a market crash, don't surrender your ULIPs in haste. In fact, a market crash is a good time to continue paying premium for a product such as ULIP that promises good returns over the long-term. You can buy more units at a lower net asset value. Once the market recovers and net asset value rises, your fund value will increase, giving you better returns. Given its twin benefits, ULIP is the ideal choice of those looking for life cover as well as an investment avenue. However, once you a buy a ULIP, make sure that you stick with it right till the end. It is only then that you will be handsomely rewarded. Discontinuance will only cause a dent in your finances and you won't be able to meet your objectives. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
| Are investments in mutual funds liquid? Posted: 31 Oct 2014 04:41 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Are investments in mutual funds liquid?
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
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