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Some best unit linked policies
Life insurance companies provides a number of unit linked policies. This article introduces some best unit linked policies among them namely smart wealth assure, Wealth one of bharti AXA,high life plan and fast track plan in detail. This article also consist of information like its features, advantages, specialties, terms and conditions in detail.
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Smart Wealth assure of SBI life
Smart wealth assurance is a new unit linked single premium policy introduced by SBI life insurance company recently. The investors in this scheme can select four funds for investment. They are return guarantee fund(RGF),equity fund,P/E managed fund,bond fund etc. The N. A.V of return guarntee for 10 years will be fixed earlier. Eventhough risk free debt funds give less return than investment in equity fund. Those who is in a search of a long term plan can opt equity funds. Especially in the present marketing situations has a lof of possibilities for higher return. P.E managed fund also has an above average return.
Features of smart wealth assure
Smart wealth insurance will provide insurance coverage for 1.10 to fifth times of the insurance amount. The minimum investment amount is rupees 50,000. Those who is in between 8 years old 65 years old can be join in this scheme. The policy term is 10 years to 30 years.
Maturity benifits
Fund value will get at policy maturity. Guaranteed amount or higher fund value will get as return guaranteed fund.
Death benifits
The higher among insurance amount or fund value will given in the case of death of the policy holder. Though 105% of the deposit will given as guarantee.
Partial withdrawel
Amount can withdraw partially from the 6th year of policy or after 18 years. The minimum amount for withdrawel is 5000 rupees. This facility is not avaliable return guaranteed fund.
The mode of deposit
The amount of return guarantee fund is invested in money market. The 20% of the equity fund is invested in money marketand the remaining 80%is invested in the equity market.
Charges
Allocation charge is 3%. Policy administration charge per month is 45 rupees for the first 5 years. Fund management charge is 1%to 1.35%. 0.35% will be given as guarantee charge.
Other charges
Smart wealth assure will have certain other charges as well. Switching charge 100 rupees. 100 rupees should given at the time of partial withdrawal of the money.
Wealth one of bharti axa life insurance
Wealth one is the new unit linked insurance policy of Bharti AXA, one of the most leading life insurance company. Wealth one is the most suitable scheme to make maximum wealth in future. It is a single term premium policy. The term of wealth one scheme is 10 years. This scheme provides the insurance coverage of 125% to 500% of the insurance amount. The investors of this scheme can deposit in six different funds.Growth opportunities plus fund,grow money plus fund,Build India fund,Study money fund,safe money fund etc are invested in stock exchange. The higher return from share market is getting from such funds .Along with that such funds has the higher risk of market. Study money fund and safe money fund gives priority to bonds. Study money fund and safe money fund have average return. The risk of such funds are comparatively very less.
Charges
Allocation charge for single premium from 1,00,000 rupees up to 4,99,999 rupees is 6.75%. Allocation charge for rupees above 5,00,00 rupees is 4%. Fund management charge is 1% to 1.35%.
Funds
Growth opportunities fund is a risky fund. Asset locations of growth opportunities fund are equity and money market. 80% to 100% of the growth opportunities fund is invested in equity. 0% to 40% of the growth opportunities fund is deposited in money market. Grow money plus fund is another risky fund. Asset locations of grow money plus fund are equity , money market and bank deposit. 0 to 40% of the grow money plus fund is deposited in money market. 80% to 100% of the grow money plus fund is invested in equity. 20% of the grow money plus fund is deposited in bank deposit. Build money India fund also a risky fund. Asset locations of Build money India fund are money market,bond and bank deposit. Study money fund and safe money fund are comparatively less risky funds. 20% to 80% of study money fund is invested in money market. 0 % to 40% is deposited in bond. 0 % to 60% is invested in bank deposit. 0% to 60% of safe money fund is invested in securities. 0% to 40% of the safe money fund is invested in 0% to 40% .
Benefits
Wealth one scheme of Bharti AXA provides certain remarkable benefits.
Maturity benefits
The fund value in the account of the policy holder will get at policy maturity.
Death benefits
The higher amount among insurance amount or fund value will get in the case of the death of policy holder within the period of policy maturity.
Partial withdrawel
The amount can be withdraw partially after 5 years. 25,000 rupees should be maintain at the account. The minimum amount for withdrawel is 1000 rupees.
Conditions
Those who is in between 8 years old to 65 years old can join in wealth one scheme. The term of the scheme is 10 years. The minimum single premium Amount is 1 lakh rupees.
High life plan of India first life
High life plan is the new unit linked policy of India first life ,one of the most popular insurance company among the county. The clients who are in search of a long term asset plan can consider about the investment in this scheme. Premium can be paid as single premium or at frequent intervals. Premium can be paid up to 7 years in limited premium scheme. The minimum amount for investment is 5000 rupees. The investors can choose a term up to 25 years. The highest term in single premium policy is 20 years.
Benefits of high life plan
High life plan scheme provides remarkable benefits to the policy holders.
Maturity benefit
Fund value will get at the policy maturity.
Death benefit
The higher amount among insurance amount or fund value will get to the nominee in the case of the death of the policy holder.
Partial withdrawel
Amount can withdraw partially from the policy after 5 years. The minimum amount is 5000 rupees. Maximum amount is 25% of the fund value. 110% of annual premium should be necessary. Amount can withdraw by maintaining 1 lakh rupees from single premium.
Charges
Premium allocation charge at first year is 6.7%. Premium allocation charge for 2 to 4 years is 4%. Premium allocation charge at 5 to 7 years is 3.5%. For single premium allocation charge is 2%. Premium allocation charge for fund management charge and policy administration charge are c1.3% and 1.8% or 6000 rupees respectively.
Funds
Investors can select three funds. They are dynamic asset allocation fund, debt fund and liquid fund. The deposit in dynamic asset allocation fund is invested interchangeably in debts and stock exchange according to the market trend. 20% of the amount can be invested in money market. The investment in money market has higher risk. Debt fund and liquid fund are comparatively risk less funds. The deposit in these fund is completely invested in debt and money market.
Conditions
The age to join the scheme is from 5 years old to 65 years old. Premium can be paid at frequent intervels such as single premium, 6 months premium and yearly premium. The minimum premium amount for 6 months scheme is 25000 rupees. The minimum premium amount for annual scheme is 50,000 rupees.
Discontinuance charge
The annual premium or 6% of the fund value that is 6000 rupees is considered as the discontinuance charge at the first year. Ahe annual premium or 4% of the fund value that is 6000 rupees is considered as the discontinuance charge at the first year.
High life plan of India first life
H igh life plan is the new unit linked policy of India first life ,one of the most popular insurance company among the county. The clients who are in search of a long term asset plan can consider about the investment in this scheme. Premium can be paid as single premium or at frequent intervals. Premium can be paid up to 7 years in limited premium scheme. The minimum amount for investment is 5000 rupees. The investors can choose a term up to 25 years. The highest term in single premium policy is 20 years.
Benefits of high life plan
High life plan scheme provides remarkable benefits to the policy holders.
Maturity benefit
Fund value will get at the policy maturity.
Death benefit
The higher amount among insurance amount or fund value will get to the nominee in the case of the death of the policy holder.
Partial withdrawel
Amount can withdraw partially from the policy after 5 years. The minimum amount is 5000 rupees. Maximum amount is 25% of the fund value. 110% of annual premium should be necessary. Amount can withdraw by maintaining 1 lakh rupees from single premium.
Charges
Premium allocation charge at first year is 6.7%. Premium allocation charge for 2 to 4 years is 4%. Premium allocation charge at 5 to 7 years is 3.5%. For single premium allocation charge is 2%. Premium allocation charge for fund management charge and policy administration charge are c1.3% and 1.8% or 6000 rupees respectively.
Funds
Investors can select three funds. They are dynamic asset allocation fund, debt fund and liquid fund. The deposit in dynamic asset allocation fund is invested interchangeably in debts and stock exchange according to the market trend. 20% of the amount can be invested in money market. The investment in money market has higher risk. Debt fund and liquid fund are comparatively risk less funds. The deposit in these fund is completely invested in debt and money market.
Conditions
The age to join the scheme is from 5 years old to 65 years old. Premium can be paid at frequent intervels such as single premium, 6 months premium and yearly premium. The minimum premium amount for 6 months scheme is 25000 rupees. The minimum premium amount for annual scheme is 50,000 rupees.
Discontinuance charge
The annual premium or 6% of the fund value that is 6000 rupees is considered as the discontinuance charge at the first year. At the second year annual premium or 4% of the fund value that is 5000 rupees is considered as the discontinuance charge . The annual premium or 3% of the fund value that is 4000 rupees is considered as the discontinuance charge at the third year. At the fourth year annual premium or 2% of the fund value that is 2000 rupees is considered as the discontinuance charge . There is no discontinuance charge from fifth year onwards.
Fast track plan of max New York life
Fast track plan of max New York life is a unit linked policy which helps to make maximum wealth along with insurance coverage. Premium can be paid only at ones as single premium policy. Otherwise premium can be paid at annual intervals. Premium can be paid as 5 times pay in 10 year policy. Premium can be paid 10 times pay in 20 times policy. Facilities are available for those who wish to pay through single premium policy.
Funds
Policy holders can select six different funds for investment in this scheme. They are growth fund, growth super fund, balanced fund, conservative fund, money market fund, secure fund etc. Growth fund and growth super fund etc have the probability of higher return. The risk of the fund also very great. Conservative fund, money market fund, secure fund etc are completely free out of risk. The risk of balanced fund is average.
Specialties of fast track plan
Fund value will get as the maturity benefit. Fund value will get along with insurance amount as the death benefit in the case of the death of the policy holder within policy maturity.
Partial withdrawal
Premium can be withdraw partially from policies after 5 years. Minimum amount is 5000 rupees. Though money can withdraw by maintaining 1.5 times of the annual premium. Maximum amount applicable for withdrawal is 20% of the fund value.
Conditions
Those in between 30 years old to60 years old can join in fast track plan. Premium payment can be done as 10 year scheme, single scheme as well as 5 year pay. Policy term is 5 years. Premium can be paid annually,within 6 months,within 3 months and ECS. Minimum premium amount is 1 lakh rupees. Insurance amount is equal to 10 or 20 times of the annual premium.
Charges
4% of the annual premium is considered as allocation charges per year. Allocation charge for single premium is 2%. Fund management charge is 0.9% to 1.25%. Policy administration charge is 900 rupees to 1500 rupees annually.
Surrender charge
The premium or 6% of the fund value that is 6000 rupees is considered as the surrender charge at the first year. At the second year premium or 4% of the fund value that is 5000 rupees is considered as the surrender charge . The annual premium or 3% of the fund value that is 4000 rupees is considered as the surrender charge at the third year. At the fourth year l premium or 2% of the fund value that is 2000 rupees is considered as the surrender charge . There is no surrender charge from fifth year onwards.
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