ULIPs and mutual fund are similar type of investments but not same. As we know mutual funds are more into investments; whereas ULIPs are into investments as well as insurance. When we look into the basic concept the difference between the two is very small, and mainly consists of product structure and risk coverage. . . . → Read More: ULIP vs. Mutual fund
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most of the insurance companies depend upon Third Party Administrator (TPA) for carrying out the procedure of the claims. The simple meaning is, one the insurance policy is sold to the policy holder, and the insurer passes on the responsibility to the TPA. This way, all the verifications and formalities are completed through the Third Part Administrator (TPA). . . . → Read More: Health insurance claims settlement LIC of India’s Child Fortune Plus is a unit linked plan (ULIP) which will be allowed to the parents who have a child upto the age of 17 years last birthday. The risk cover under the plan will be on the life of the parent who will be the life assured. There will be no insurance coverage on the life of the child, but the policy will be allowed based on the age of the child. The policy will continue till the child attains the age of 25 years last birthday or till the life assured attains the age of 75 years nearest birthday, whichever is earlier. The purpose of the plan is to meet the educational and other needs of the child named as nominee in the policy. . . . → Read More: Child Fortune Plus (Plan No.194) As now we know what exactly is an ULIP plan, now the next question normally pops out in our minds is how does this plan works out? No plan is easy to understand, so in the same way even it is critical to know the working of ULIP plan and how our money gets invested. ULIPs basically work like a mutual fund with a life cover involved in it. . . . → Read More: ULIP Insurance How it works? LIC Gratuity Plus Summary: LIC’s GRATUITY PLUS PLAN is a unit linked plan (ULIP) for management of Gratuity Funds. GRATUITY PLUS PLAN is suitable for companies who desire to entrust Gratuity Fund management to an insurer and wish to have the flexibility of choice of investments. This plan is different from the traditional Cash . . . → Read More: LIC Gratuity Plus Plan With the growing knowledge in the present generation, people have become wise and have started investing in health care plans following the policy of, ‘prevention is better than cure’. They have started taking measures beforehand for any unexpected expenses in the near future. In these days of skyrocketing medical expenses, when anyone in the . . . → Read More: LIC Jeevan Arogya Samridhi Plus Plan 804 After Wealth Plus LIC of India has another Highest NAV guarantee plan. Samridhi Plus (Table No.804) in a new ULIP plan which offers Highest NAV of 1st 100 months or fund value whichever is higher. Samridhi Plus features at glance: Highest NAV of 1st 100 months or fund value on . . . → Read More: LIC Samridhi Plus ULIP terms revised. After 30th June 2010 all ULIP Plans will have following features: All ULIP will have compulsory Life Insurance. That means there will be no ULIP without Risk. . . . → Read More: Unit Linked Insurance Plan Revised LIC’s Wealth Plus is a ULIP insurance plan that protects your investment from market fluctuations, so that your investments are protected in financially volatile times. Wealth Plus offers Guarantee of the highest NAV in the first 7 years of the policy, subject to a minimum of Rs.10. . . . → Read More: LIC Wealth Plus Health is a major concern on everybody’s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for health care, and even if they do, it is grossly inadequate. . . . → Read More: LIC’s Health Plus 
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