Skip to main content

ULIP Review: Future Generali Wealth Protect



Future Generali has launched a unit-linked plan (Ulip) called Wealth Protect. The Ulip offers protection of 7 to 30 times your annual premium, depending on the investor's age, term of the policy and the choice of the investor. On the investment side, it offers six investment options which target investors of different risk appetites.

LOYALTY ADDITION:

The guaranteed loyalty addition is 5% of the first year annualised premium if the premium amount is below . 25,000 and 7.5% for the premium amount above . 25,000. On maturity, the insurer pays the fund value plus guaranteed loyalty addition. For example, you will get a guaranteed addition of . 1,250 over and above the fund value at maturity for a premium payment of . 25,000 for 10 years.

FUND OPTIONS:

An investor should ideally opt for Future Apex Fund or Future Opportunity Fund. The apex fund allows the investor to invest up to 50% in debt. The equity exposure of the portfolio falls in the range of 50% to a maximum of 100%. The Opportunities fund offers 20:80 debt to equity ratio for an investor. The logic is the cost structure of the product is steep. Hence, an aggressive fund, which has a higher exposure in equity, has the ability to deliver returns after accounting for the charges. Under the future secure option, the Ulip invests in low-risk instruments such as bank deposits, certificate of deposits etc. "This fund is advisable for short-term investors since interest rates are expected to rise further. The investor could shift to another fund option once the interest rates taper out," says GN Agarwal, the chief actuary and chief risk officer of Future Generali. Historically, such products have offered a return of 5-6%. A premium of . 25,000 for future secure fund attracts charges such as premium allocation at 5% (for the first year), fund management at 1.10% and policy administration at 3.75% among other charges. These charges alone add up to 9.85%. Even after the sixth year, the costs add up to 5.95% of the premium.

WHY YOU CAN GO FOR IT:

Future Apex Fund and Future Opportunity fund are aggressive equity oriented investments which can deliver promising returns.

WHY YOU CAN AVOID IT:

The cost structure is steep just like other Ulips. You have cheaper investment options in other equity investments, which can be supplemented with a simple term cover.

 

Popular posts from this blog

Understanding Your Cibil Credit Information Report

   WE ARE all familiar with the anxiety and uncertainty that we feel when applying for a loan. After all, it's the lender who decides whether we can own our dream home, our first car, or whether our children can pursue higher education. In a nutshell, a better life depends on the lender's decisions.    While other factors do play a part in the lender's decision, the Cibil Credit Information Report ( CIR ) plays a crucial role in a lender's decision to approve a loan application.    Previously, lenders would treat all loan seekers equally. Each applicant, if approved by the lender's internal credit policy, would be charged at the same interest rate for a particular loan size and purpose. The lenders would charge a higher interest rate to all the borrowers, in order to compensate for the possible default of a small portion of the loan disbursed. In other words, it's like a professor (the lender) punishing an entire class (borrowers) for the mischief played b...

Reliance Health Total

  Reliance Life Insurance has launched Reliance Health Total, a non-linked, non-participating and non-variable health insurance plan . It provides a fixed benefit cover for hospitalisation, critical illnesses and surgeries. The customer can also make a claim for over-the-counter health-related expenses. This is a regular-pay, five-year plan that can be renewed till the age of 99. The plan comes with two options: customers can choose a higher medical reimbursement benefit or a higher sum insured. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara Robeco Equity Tax Saver 8. IDFC Tax Advantage (ELSS) Fund 9. Axis Tax Saver Fund 10. BNP Paribas Long Term Equity Fund You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds Invest in Tax Saver Mutual Funds Online - I...

Some tips for individual investors for investment planning

These days, the stock markets are quite volatile in nature with a bearish bias. Rallies do not last long in the markets and peaks of market rallies are reducing. The markets are hitting fresh lows in every fall. Many blue chip stocks are trading 50 percent lower than their high levels. Many stocks are currently trading at their year's low prices or all-time low prices. Many investors have lost their hard-earned money and many others are stuck with stocks that have corrected heavily in the last few weeks. Here are some tips for investors already invested in the stock markets: 1) Hold fundamentally strong options The domestic macroeconomic fundamentals are strong. The GDP growth rate is expected to slow down slightly from the nine percent last year to around 7 - 7.5 percent this year. This is still quite good and encouraging in comparison to other developed countries. The current market crash can be attributed largely to foreign institutional investors' ( FIIs ) outflows but...

Good Loan

Why Is It A Good Loan?: Loans against gold are cheaper and better than personal loans as the former are available at lower interest rates. In contrast, the interest rates on personal loans are not standardised and can vary from bank to bank. Also, a personal loan depends on a host of factors including, the borrower's salary, profession and the purpose for which the loan is being taken.      For instance, the interest rate on a personal loan of 5 lakh falls in a wide range of 15-30%. But loans against gold are available for as low as 11%. Secured borrowing such as a loan against gold, investments or property is cheaper because it is backed by some assets, which command a good value at any point of time. If the borrower defaults on the loan, the banks can liquidate the assets to settle the loan account.    Being a secured loan, the risk of default and credit losses is significantly lower in this loan compared to other forms of loan for personal use. Given the lower risk, gold loa...

Save Tax With Mutual Funds

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300       Mutual funds are ideal as long term investment avenues for retail investors. To encourage investments in this avenue, the Government of India offers investors a spate of tax benefits thus ensuring maximum benefit from mutual funds held beyond a year. Sample some of the key benefits and refer to the table for a detailed list of tax rates for different types of schemes ·        Avail deductions under Sec 80C of the Income Tax Act by investing up to a maximum of Rs. 1 lakh in designated Equity Linked Savings Schemes (ELSS). Such investments have a compulsory lock in period of 3 years. ·        First time retail investors in equity with a gross total income of up to Rs. 12 lakh can invest up to Rs. 50,000 in specific MF schemes un...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now