Things to Know Before Buying ULIP Plans | PNB MetLife Insurance

Things to Know Before Buying ULIP Plans

PNB MetLife 02-11-2016 04:01:40 PM
Things to Know Before Buying ULIP Plans

Things to Know Before Buying ULIP Plans

ULIP, which stands for Unit Linked Insurance Plan is an insurance policy which gives investors both insurance and investment under a single integrated plan. In simple words; a wealth arrangement plan where one can insure as well as invest. Now that’s ULIP for you!

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So what do you need to know about ULIPs to consider it buying for yourself? Here are a couple of things about ULIPs you need to know and you're sorted!

Eligibility: There's a 5 Pay, 10 Pay and 20 Pay Premium Term, which is essentially the quantity of years of the premium. The sum you have to pay for the premium is as per the Pay.  The points of interest are all simplified which helps you select better! Choose between two plan options: Premier or Online

Death Benefits: In the event of death of the life assured, the nominee will receive the death benefit. It includes fund value, sum assured less partial withdrawals and 105% of total premiums paid excluding service tax. ULIPs guarantees that your family does not compromise on their way of life!

Loyalty Additions: Get Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options, provided your policy is in force and all due premiums till date have been paid.

Create your Plan: It feels great to build and select your very own plan, right? We understand that, thus we let you make your own particular Unit Linked Insurance Policy! Select from our ULIPs and get great returns for your well-deserved investment and insurance funds!