ULIPS or Unit Linked Insurance Plans are formulated to support you accomplish the objectives of insurance and investment in a single product. It presents a life cover and also allows you to relish the benefits of the stock market, debt funds, or both, depending on your case.
The first ULIP was presented by the Unit Trust of India (UTI) in 1971 and then by Life Insurance Corporation (LIC) in 1989.
In a nutshell, ULIPS are products that equip you with an assortment of life insurance policies and also an investment prospect via a mutual fund in a single plan.
One of the prominent attributes of a ULIP is that it presents a partial withdrawal of funds after the termination of a 5-year lock-in period. This feature permits the policyholder to withdraw a specific percentage of money from your policy when required.
This guarantees that you are financially backed up in case of a downturn. It is also feasible to withdraw the amount at diverse intervals as per your requirement.
Nevertheless, to assist you accomplish your long-term financial goals, such as your child’s education, child's wedding, and more, it is recommended not to withdraw from your ULIP unless you are confronting an emergency.
These days, many insurance companies strive to offer ULIP plans for the wide-ranging needs of customers. One such corporation is TATA AIA.
TATA AIA Life ULIP plans are unit-linked insurance plans that are developed to equip you with the flexibility to serve your needs and priorities and support you to track your financial pursuits. This plan even furnishes much needed life insurance protection to combat the ill-effects of an unfortunate event. 7 TATA AIA Life ULIP plans are available for interested investors to invest and grow their money.
Policychayan turns into an incredible choice to buy TATA AIA Life ULIP plans. You will be surprised to find out how easily you can buy an insurance or investment plan from here. The aim is to help you create a robust financial barrier that will help you combat financial tribulations.
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Tata AIA Life Insurance InvestAssure Gold Supreme: It is a whole life ULIP plan that is constructed to equip you with risk protection till age 100. It also retains the opportunity to invest in multiple fund options.
Tata AIA Life Insurance InvestAssure Maximizer: It is a ULIP policy that proffers you flexibility to invest in 2 risk cover options according to your protection requirements.
Tata AIA Life Insurance Swarna Bhavishya: It is an effective unit linked endowment life insurance plan for the age group of 50-65 years that enables you to enjoy your old age.
Tata AIA Life Insurance Swarna Pratigya: A single premium ULIP plan that offers insurance protection for 10 years.
Tata AIA Life Lakshya Supreme: It is a simple unit-linked plan that is determined to provide the dual advantage of investment and protection.
Tata AIA Life Insurance InvestAssure Apex Supreme: This plan is concocted to help investors guard their investments during any deflation.
Tata AIA Life InvestAssure Flexi Supreme: A ULIP policy that delivers the flexibility to pick from range of Portfolio Strategies such as Systematic Money Allocation & Regular Transfer Investment (SMART) & Automatic Asset Allocation (AAA)
Before you settle on any plan, make sure to compare all the available plans. Why is it necessary to compare ULIP plans? Comparison of TATA AIA Life ULIP plans will enable you to comprehend ULIP plans supplied by TATA AIA Life Life Insurance.