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ULIP stands for Unit Linked Insurance Plan
In terms of functioning, ULIPs are very similar to Mutual funds. A ULIP can be considered as a type of mutual fund that provides you insurance benefits and that too, to the extent you want. The money you invest would be converted into units just like in MFs and invested in the stock marketand also you would be charged an amount out of your premium to provide you the insurance coverage you want. For a layman we can assume that
ULIP = Mutual fund + Insurance
What else can I help you with?
How many company sells ulips?
Many companies in India sell ULIPs. Some of them are:HDFCICICI PrudentialLICSBIBajaj Allianzetc
Why ulip band by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
Why uLIP was banned by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
What do you mean by joint sector explain the importance of joint sector?
Simply stated, the joint sector is a form of partnership between the public sector an the private sector
How do you invest in ulip?
By contacting an authorized agent who sells ULIPs. Most banks these days sell ULIPs in their branches. You can visit any bank and ask for ulip investment options and their customer care exec will be happy to assist you.
What do you mean by private sector banks?
Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
What Does Service Sector Mean?
private sector is an area of business owned not by the government or council but normal people
What is the base for a country to be classified into construction sector manufacturing sector and service sector?
I would put it this way: Construction sector. This would mean a country that undertakes to spin it economy from construction of buildings,bridges,infra structures for its economic development and per capita income. manufacturing sector. This would mean a country that relies on manufacturing for export and derives its income from such exports. service sector. this would mean a country that derives its per capita income from services rendered localy.
What are unit linked and traditional linked policy?
ULIPS are basically Unit linked plans .e in these plans you get the benefit of insurance as well as investing in Equity and bonds or debt... whereas in case of TLIPS these are traditional linked plans wherein you get the benefit of endowment plans with that of ULIPS as well...!!
What do you mean by corporate sector?
The Corporate Sector generally refers to any operation which is not government nor non-profit.
What does informed choices mean in the care sector?
what does the term informed choice mean
What rare the main differences between public and private sector?
I take it you mean what are instead of what rare. The private sector is owned by the people. The public sector is owned by the government.
