Project Report

Investors perception about ULIPs

was established.Industry Profile History The insurance sector in India dates back to 1818 when first insurance company. The nationalization of life insurance business took place in 1956 when 245 Indian and foreign insurance and provident societies were first amalgamated and then nationalized  . The Oriental Life Insurance Company. at Calcutta.

Current Scenario ±  In new economic policies formulated since 1991. privatization and liberalization have become new buzzwords. consumers are able to choose from different insurance providers having a wide range of products  . In a liberalized insurance market. globalization.

Life insurance provides risk coverage to the life of a person. On death of the person insurance offers protection against loss of income and compensate the titleholders of the policy. .Introduction ±   Life insurance is a contract under which the insurer (Insurance Company) in consideration of a premium paid undertakes to pay a fixed sum of money on the death of the insured or on the expiry of a specified period of time whichever is earlier.

Basic principles of Life Insurance contract  Insurable Interest Utmost good faith Not a contract of indemnity   .

Importance of Life Insurance  Protection against untimely death Saving for old age Promotion of savings Initiates Investment  Credit Worthiness Social Security Tax Benefit      .

Types Traditional ±  Term Insurance (Temporary) Whole Life Insurance (Permanent) Universal Insurance (Permanent) Endowment plan (Permanent)    .

The investment is done according to the risk profile of the customer and the choice of the customer. The policy value at anytime keeps varying as per the value of the assets chosen by the insured or insurance company.ULIPs    A ULIP is a life insurance policy which provides a combination of life insurance protection and investment. The risk of investment is borne by the customer and the returns are marked to the market and hence are not guaranteed. .

1. 4. 2. 3. every ULIP has at least 4 funds to choose from. Equity fund Debt fund Balanced fund Secure fund . Usually.

 Working of ULIPs Types of ULIPs ± Retirement Planning Wealth Creation Children Education Health Solution  1. 4. . 2. 3.

. How to choose ULIP ± Understand the concept thoroughly. 3. Understand the charges levied. 4. 6. Focus on our own requirement and risk profile. Compare different ULIP products. Know about the company. 7. Examine the Performance. 2. 5. 1. Understand the peculiarities of plan.

5. 3. Advantages of ULIP ± Transparency Insurance cover plus saving Multiple investment options Flexibility Works like a SIP 1. 4. 2. .

5. 2. New fee structure More details on fees Lock-in for five years More insurance cover Small. 3. guaranteed return .New Rules!! 1. 4.

Company Profile  Name of company Year of establishment ± Head Office ± Email: Network of the company ± Type of Business -      .

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