ULIP v/s Traditional policies: Who is selling what

Posted by Admin on 2

ULIPS policies are most happening product available in the Indian insurance market today.

ULIP products have revolutionized entire Indian insurance industry.

In a survey available on www.indiainsuranceresearch.com,

It is clearly visible that compared to ULIP, traditional insurance policies are less preferable.

For the first half of financial year 2008-09 more then 80% new business of Private insurers is from ULIP policies.

Even from LIC nearly 40% new business is from ULIP type of policies.

For few insurers like Sahara and Shriram share of ULIP policies are nearly 100%.

So big question is why people prefer ULIPS?

There are many negative aspects in ULIP like

But in the same time there are many positive aspects.

It provides liquidity as you can withdraw (or partial withdraw) after completion of 3 years.

High return compared to all the traditional insurance products.

But according to me most important thing is thinking of Indian customer is changing

And they now like to take risk :-).

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Richa said...


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sant said...

It would have made interesting reading if you dared to put here the figure of accumulated losses of various private players compared to profit made by Life Insurance Corporation Of India.

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