life Insurance : Variable life insurance plan combines investment and insurance like Ulips. However, the returns are declared by the insurance companies on an yearly basis and are not linked to the stock market. Variable life insurance plans have greater flexibility to change the mortality and savings proportions and transparency.
There are two types of VLIP participating which offers guaranteed returns and non-participating, which offers yearly bonus at the end of each financial year in addition to guaranteed returns. The death benefit and savings element can be reviewed and altered as the policyholder’s circumstances change.
પોસ્ટ ગમે તો અહીં લાઈક ઉપર ક્લિક કરો.