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Date : Oct 21, 2008


What is this allocation charge and what is it charged for, which ULIP can give me the lowest allocation charge


Unit Linked insurance Product (ULIP) is a product which provides you life insurance cover with an investment component attached to it.

ULIP have first year charges, subsequent charges, administration charges, risk charges, asset allocation charges, switching charges, top-ups, and surrender value of units.

Before buying any ULIP you should consider the above charges and compare it with products available in the market.The above mentioned charges are deducted from premium amount you pay. ULIP charges varies from companies to companies.

We at apnainsurance believe that insurance is a protection tool rather than an investment tool. insurance is not one of the best investment option, you need to consider other investment options also. It is advisable that do not mix your insurance needs with investments. You cannot expect insurance products to beat inflation and give you returns. insurance is basically protection tool and is not a means of earning.

Term insurance is a pure risk cover plan, which gives you protection against the uncertainties of life. It is the cheapest products available in life insurance. Term policy maximum tenure available is 40 years.




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