Over 50 new Unit-linked Insurance Plans are being launched by the leading Insurance Companies like Reliance Life, Bajaj Allianz, Max New York Life, Aviva India, Tata AIG etc. These plans are focused to reduce your risk component and promise you higher returns and secure your investments too.
Reliance Life has introduced 17 new Ulips to cater to all your needs. These ulips encompass various categories like children plan, protection, savings, investment and pension. They also have features like capital guarantee, loyalty additions, higher internal rate of return and several fund options.
Max New York Life has launched 5 new unit-linked plans to cater to your needs. These plans offer features like step up premium, guaranteed loyalty additions, higher returns etc. Their Fortune Builder plan follows the life stage-based allocation strategy which also offers step-up premium facility to counter inflation. Shiksha Plus provides for increasing education expenses as well as option of securing the future of second child. This plan gives you the option of partial withdrawal after 3 years of completion with a minimum premium of Rs.5000.
TATA AIG has launched a new ulip with zero allocation charge and assured guaranteed maturity bonus up to 7% of regular fund value.
Bajaj Allianz launched SHIELD PLUS which offers a minimum guarantee of 170% at maturity. This plan has a fixed term of 10 years and minimum premium of Rs.25,000. For premium beyond Rs.2.5 lac there will be no premium allocation charge and assures returns of 5.45%.
Aviva has introduced 9 unit-linked plans and 2 thematic funds. These plans consist of a child plan, a pension plan and savings products.
Canara HSBC Oriental Bank of Commerce Life Insurance have introduced 3 unit linked plans, 2 are under new smart solutions and 1 non-medical, speedy issuance plan for rural and semi-urban habitants. These products offer complete and flexible solutions like protection, and resources to meet all financial needs. These products have been designed based on extensive customer research.
Bharti AXA Life has announced the launch of a new unit-linked insurance policy for the children called ‘Bright Star PLUS’. Its unique feature is its promise of hand out of 7% of the fund value as Jumpstart benefit.
ALSO : LIC is planning to reduce its ULIP component in the market by 5% making way for the other companies to supply the growing demand in this year.
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Tags: Bajaj Allianz, Max New York Life, Reliance Life, ULIP