Cover up in style - Universal life plans
The Telegraph India, 26 October 2009
Universal life plans are the latest from the insurance stable. Two companies — Max New York Life and Bharti Axa Life — have recently launched plans offering monthly credit of interest. These plans are called universal life plans (ULPs), which are like combining a term life insurance with an interest earning savings account.
After deducting the cost of insurance (the mortality charges) and other charges from the premium, the remaining amount is invested in a general investment fund managed by the insurer. The insurer announces a rate of interest in advance, a month or a quarter, which is credited to the policyholder's account value.
Read full article to find details of this product
No comments
Add a comment:
|
