Unit Linked Insurance Plan (ULIP)

URI: https://gptkb.org/entity/Unit_Linked_Insurance_Plan_(ULIP)
GPTKB entity
Statements (35)
Predicate Object
gptkbp:instanceOf gptkb:insurance
gptkbp:allows fund switching
partial withdrawal
gptkbp:alsoKnownAs ULIP
gptkbp:availableOn gptkb:India
gptkbp:charge fund management charge
mortality charge
policy administration charge
premium allocation charge
surrender charge
gptkbp:combines gptkb:insurance
gptkb:market
gptkbp:heldBy lock-in period
https://www.w3.org/2000/01/rdf-schema#label Unit Linked Insurance Plan (ULIP)
gptkbp:introducedIn gptkb:India
2001
gptkbp:investedIn equity funds
balanced funds
debt funds
gptkbp:lockInPeriod 5 years
gptkbp:offeredBy insurance companies
gptkbp:offers tax benefits
gptkbp:payoutOn death
maturity
gptkbp:premiumAllocatedTo gptkb:insurance
gptkb:market
gptkbp:premiumPaidBy policyholder
gptkbp:provides life insurance cover
gptkbp:regulates gptkb:Insurance_Regulatory_and_Development_Authority_of_India
gptkbp:subject market risks
gptkbp:target long-term investors
gptkbp:taxBenefitUnder Section 80C
Section 10(10D)
gptkbp:bfsParent gptkb:Section_80C_of_Income_Tax_Act
gptkbp:bfsLayer 7