Unit Linked Insurance Plans ULIPS

MBA Business Finance Management Dissertation Ideas, Economics Projects Topics Thesis Ideas and Abstracts in PDF, DOC, PPT

Unit Linked Insurance Plans ULIPS

Postby Anup V » Tue Aug 07, 2012 11:07 pm

The introduction of Unit Linked Insurance Plans has possibly been the single largest innovation in the field of life insurance .It has addressed and overcome many difficulties and concern s that customers had about life insurance – liquidity, flexibility, and transparency. These benefits are possible because ULIPs are differently structured products and leave many choices to the policyholder. They are structured such that the protection (insurance) element and the savings element (investment) can be distinguish and hence managed according to one’s specific needs, offering flexibility and transparency. Thus we can say it is such a product that takes care of multiple needs. There were some factors which gave entry for ULIPs in the insurance market: - Firstly was the arrival of private of private players, and ULIPs were the most significant innovation done by them, and secondly was the decline of assured returns in endowment plans. Besides this as the stock markets were booming which now has become the primary factor. As mentioned earlier enhanced flexibility and merging of investment and insurance in a single entity that have really endeared them to individuals.

Early the market of ULIPs was taken up Birla Sun; they were the first to capture the market in this field. These are the insurance plans which are attached to Units – Mutual Funds. The premium amount received in this policy, some part is used in investment of funds and remaining is used for insurance cover. ULIPs are remarkably similar to, mutual fund in terms of structure and functioning: premium payments are converted into units and net asset value (NAV) is declared regularly. Investors have an option of choosing their fund according to their risk taking ability. They disclose all the material facts most frequent and consistent (often quarterly or half-yearly) .Also investor has a fairly good idea about expenses.


A comparative analysis of ULIPs (Unit Linked Insurance Plans) in the Indian Insurance Market is the main objective of the practical. We know that now a day’s people have become aware of the investment opportunities in capital market and also they like to take risk in their life. ULIPs is such a product which offers a good combination of risk and also security, i.e. it gives investment opportunity and also protection to one’s life.

· Research design –descriptive
· Data sources- primary data and secondary data
· Research approach – face to face interview, observation, individual depth interview
· Research instrument –questionnaire, list of contacts
Anup V
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