In Todays world every one is afraid on the performance of the Share Market. Every one is totally confused how the share market behaves.
People no longer think , investing in ULIP is a smart move as the changes are eratic.
For a common man understanding i will explain how the ULIP policies work.Let us assume some one invests Rs 1,00,000 in a ULIP policy. for easy calculation if 100% of his investment is invested in a market. If the Net Asset Value(NAV) is 10, He will be allotted 10,000 shares.
This money will be invested in various shares in different sectors. When there is a boom in the market the NAV increases and when the market crashes the NAV value decreases.
At the time of with drawal, if the NAV is 25. The investor gets advantage. If the Market cashes the NAV is low so he or she looses.
So every one is worried about investing in ULIP. As there is no gaurantee for profits.
TATA AIG has come up with a Smart ULIP Policy. It is called TATA AIG Life InvestAssure Apex.
The salient features of the policy is that
* One has to pay premium for only three years
* Minimum amount to start is Rs 1 Lakh
* This Plan is for 10 Years.
* The minimum sum assured is 5 times the first investment
* The Maximum sum assured is 60 times the first investment
The difference between this policy and the others is that. Every month 10th they record the NAV value, for the whole of 10 years there will 100 readings for the NAV value recorded.
When the policy matures the customer get the returns for the Maximum NAV recorded among the 100 readings.
So it is a win win situation for the investor.
It is close ended Policy . One can join before 18th March 2008.
for more details send a mail to services@technosolutions.in
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