Wednesday 28 March 2012

FEATURES OF ULIPS


SOME CHARACTERISTICS
· The policyholder can pay additional premium for investment at any time.
* The partial or full withdrawal is allowed. Sometimes there are conditions. Some insurance, not all, charges a redemption fee in these cases.
* These policies are not entitled to any bonus
* No annual bonus, but may have a loyalty bonus paid at the end
* Allow INSURANCE POLICY FOR THEIR MONEY swith one fund to another during the term of the policy. Some insurer will charge a fee for each such switch. Some others allow a certain number of switches for free and then charges a fee for each switch there after.

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