The plan is based on the success stories of private insurers who have increased their market share in the last financial year by riding on the success story of their ULIP
Dubai It is taking its time, but there seems to be a recovery of sorts in Indian investor interest in life insurance policies linked to "ulips
" (unit-linked insurance plans).
Though, according to recent developments, the matter is in the process of moving to the High Court of India as to who should actually regulate the ULIP
, this incident shows how serious the Indian government is towards its economic priorities.
We want to regain the trust of the consumer in Ulip
and we felt that a communication outreach campaign is the best way to go about in the beginning.
We now have 25 products across traditional and Ulips
as per new guidelines.
It was at that time India's Insurance Regulatory and Development Authority (IRDA) mandated a change in the lock-in period for unit linked insurance plans (Ulip
) from three years to five.
- one can choose the coverage depending up on his risk requirement.
Global Banking News-January 17, 2011--Canara HSBC OBC Life Insurance to provide ULIP
plan(C)2011 ENPublishing - http://www.enpublishing.co.uk
'Second Coming,' which also features Marvin Agustin, Queenie Lehman and child actress Angelica Ulip
, opens today in cinemas nationwide.
Directed by Perry Escano, "Ang Sikreto Ng Piso" also stars Bea Binene, Lou Veloso, Angelica Ulip
, Long Mejia, Joyce Penas Pilarsky, Nico Nicolas, Ricky Rivero, Beverly Salviejo, Wacky Kiray, Gabby Go Balauag, Paul Sy, Garry Lim, Kiel Rodriguez, Raphael Robes, Gomz Burza, Micah Musa, Kim Llono, Lao, Amberlicious, Abel Napuran, Alvin Barcelona, Ericka Barreto, EmEm Bunyi, Donna Tamayo, Roy Sotero, Morris Sevilla, and with the special participation of Ernie Garcia.
For instance, if a 30- year- old male invests ` 50,000 every year in an online Ulip
, he will have around ` 13 lakh in 15 years assuming eight- per cent return.