A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
A life insurance can go to the extra mile and can provide more than just financial protection. Now ensure all your life goals are met at every stage.
Over the past two decades, as a leading insurance provider in India, we have been responsible for the financial protection of countless families at every stage of their lives.
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Unit-Linked Insurance Plans or ULIPs are a good option for those who want to grow their money and get themselves insured at the same time. With more consumer friendly ULIPs in the offing, it’s certainly something you might want to consider in greater detail.
The beauty of the ULIP Plan is that it offers everything in one product and has quite a few benefits over other forms of investments.
In unit linked products, it is important to remember that you can choose the pattern of investment through the funds available – some of which are equity oriented, some are debt oriented while others present a balanced set of assets to invest in. You also get a host of investment strategies where experienced fund managers decide your asset allocation, in case you are not confident of deciding your asset allocation yourself.
ULIPs are also quite an efficient tool for tax planning, since the investment itself, any switches that you make between funds and/or strategies during the policy term, and the policy proceeds at the end are all tax exempt.
Moreover, the transparent charge structure and potential for growth afforded by ULIPs make them ideal as a part of comprehensive financial plan.
ULIPs and sum assured
Simply speaking, the sum assured is the amount promised by the insurer to the nominees of the policy holder in case of any unfortunate event. The sum assured is generally dependant on the actual premiums paid and also on the sum assured multiples if any.
Difference between ULIP and term insurance policyThere is a difference between term insurance plans and ULIPs. In a term insurance policy, the nominee/s receive a fixed amount as the sum assured in case of the policyholder’s death. In ULIP’s case, the final amount can comprise the sum assured, the fund value or both.
To sum up
ULIP plans are no longer the black sheep of the investment portfolio. The new age plans are much more flexible and transparent when it comes to charges. What’s even more interesting is that many such plans have zero charges and some offer loyalty bonuses as well. The thing to remember is that ULIPs are best suited for those who want to protect their goals and those who can stick it out in the long run. Most importantly, invest in a ULIP for at least 15 years for the returns to be profitable.
Find out more about the benefits of ulip plans, and various types of term insurance plans available at PNB MetLife.
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.