What is the differrences between Life insurance, General
insurance, ULIP & Mutual funds?
Answer Posted / pawan rai
Would like to add on to the MF and ULIP part.
MF:
MF compaies pool in money from Investors (people like you
and me and sometimes even insitutional inverstors) and
invest this sum of money in Debt/Equity/Commodity etc
markets. Depending on how well the markets are doing the NAV
fluctuates.
ULIPS:
An ULIP is an instrument which combines the security
provided by an (LIFE) insurance plan with the opportunities
provided by an investment plan. It is a unique product which
aims to integrate insurance as well as investment
requirements. Its structure is similar to that of a mutual
fund. This is how it works:
* You pay a periodic premium to the insurance company.
* A part of the premium is used to provide you with an
insurance cover.
* The remaining amount goes to equity or debt market
* In the event of death, nominees are paid the sum assured
* In case of maturity of the policy total value of the
fund will be paid to the policy holder.
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
I cleared the Federal bank po exam. Now i am preparing for the interview. But i am so much confused what i hav to prepare.. And how i behav in front of them.. Am a little bit tensed about that.. In fact, am poor in my language.. Could any one help me for improving my language skills????
Dear Sir, Please what is the HR introductions of the belows: - Skills training - Performance measures - Vacation leave administration: - Retirement plans: - Employee handbooks: - Company publications: - Labor low compliance: - Relocation and outplacement service. - Policy creation: - Policy communication: - Record keeping - Policies to ensure lawful behavior: - Reporting: - Posting information safety inspections: - Accessibility accommodation - Human resource planning and forecasting change management.
What is the actuator lever definition and tunction
What have you done to prepare yourself to be a supervisor?
I want to learn how to read and understand different terms of Letter of Credit to correctly in order to preform Letter of Credit issued against my company by my client. Please let me know where I could find out the point wise definition/explanation of each article. Thanks
One of our Sundry Debtor paid the Bill amount to our sundry creditor. What is the accounting principle. Which is the use Voucher in TALLY?
why is personnel management is considered as one important aspect of present day management? give 5 reasons or factors.
coordination should be an individual responsibility rather than the other insisting the coordination.justify your answer.
what is the process of p.f.sub code
how can i get past literature review about recruitment and promotion.
In case of any eventuality, who is your next of kin?
can u brief me your resume
what is the PF, ESI, PT & TDS SLAB RATE FOR A PROFESSIONAL WORKING IN A SERVICE INDUSTRY (LOGISTICS). IN HYDERABAD - ANDHRA PRADESH?
How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication process towards attaining your specialized goals?
Which is the best institute in hyderabad to learn CS?