What are the other differences between Ulips and traditional insurance plans such as endowment and whole life? Which is better between the two?
In addition to the risk factor, comparison can be made between the Ulips and traditional Insurance Plans based on various parameters such as returns, transparency, flexibility and liquidity. Read more. FAQ-3: What are the different types of Ulips? Broadly, there are two kinds of Ulips – Life insurance Ulips & Pension Ulips. Here we are discussing only life insurance Ulips. Further life insurance Ulips can be categorized into two types: Type 1 & Type II Ulips. Type II Ulips which offers both the sum assured and fund value in case of death are certainly better than Type I Ulips. Read more. Besides, there’s another way to classify Ulips: Guranteed Ulips and normal / Plain-Vanilla Ulips. To know more about guaranteed Ulips, see the review of SBI Life – SMART ULIP. FAQ-4: What are the various fund options available in Ulips? The biggest misconception about Ulips is that they are entirely linked to equity markets. The fact is that, within an Ulip policy various fund options exist with varyin
