Comparison of Ulips with Mutual Fund
INTRODUCTION
The insurance plays a major role in the life of the humanity. Slowly people stared to realize the necessity of the insurance and these needs are unending as long as life exists. In fact insurance is not restricted for any category neither of the society nor in term of cast, ages or life styles.
Also many people have a notion that Insurance is very good form of an investment, which is not right.
Insurance is just creating a protection for you and your family. As Indian investors are now more exposed to the capital markets and have started understanding its working, they want to multiply their money rapidly..This can be done through Unit Linked Insurance Plans (market linked plans ) introduced by the Insurance players.
Therefore the only reasons for selecting this topic are * To get more knowledge about insurance sector in India * To undergo a comprehensive study of ULIPs. * To get experienced of corporate scenario.
INTRODUCTION TO INSURANCE
Today, only one business, which affects all walks of life, is insurance business. That’s why insurance industry occupies a very important place among financial services operative in the world. Owing to growing complexity of life, trade and commerce, individuals as well as business firms are turning to insurance to manage various risks. Therefore a proper knowledge of what insurance is and what purpose does it serve to individual or an organization is therefore necessary.
The future is never certain
.So it’s rightly said, “AN INSURANCE POLICY IN HAND KEEPS THE
TENSION AWAY.”
Insurance, essentially, is an arrangement where the losses experienced by a few are extended over several who are exposed to similar risks. Insurance is a protection against financial losses arising on the happening of an unexpected event. Insurance companies collect premium to provide security for the purpose. In simple words it is spreading of risks amongst many people.
. * LIFE INSURANCE: It is a
The insurance plays a major role in the life of the humanity. Slowly people stared to realize the necessity of the insurance and these needs are unending as long as life exists. In fact insurance is not restricted for any category neither of the society nor in term of cast, ages or life styles.
Also many people have a notion that Insurance is very good form of an investment, which is not right.
Insurance is just creating a protection for you and your family. As Indian investors are now more exposed to the capital markets and have started understanding its working, they want to multiply their money rapidly..This can be done through Unit Linked Insurance Plans (market linked plans ) introduced by the Insurance players.
Therefore the only reasons for selecting this topic are * To get more knowledge about insurance sector in India * To undergo a comprehensive study of ULIPs. * To get experienced of corporate scenario.
INTRODUCTION TO INSURANCE
Today, only one business, which affects all walks of life, is insurance business. That’s why insurance industry occupies a very important place among financial services operative in the world. Owing to growing complexity of life, trade and commerce, individuals as well as business firms are turning to insurance to manage various risks. Therefore a proper knowledge of what insurance is and what purpose does it serve to individual or an organization is therefore necessary.
The future is never certain
.So it’s rightly said, “AN INSURANCE POLICY IN HAND KEEPS THE
TENSION AWAY.”
Insurance, essentially, is an arrangement where the losses experienced by a few are extended over several who are exposed to similar risks. Insurance is a protection against financial losses arising on the happening of an unexpected event. Insurance companies collect premium to provide security for the purpose. In simple words it is spreading of risks amongst many people.
. * LIFE INSURANCE: It is a