Therefore, the policy has many negative points and that is the reason why usually people do not choose these kind of polices. And it is even advisable to opt a better policy type because if one take a policy and pay the premium for many years and still not get the surety of refunding his money after the maturity period than it is just a waste of money. However, the “not so flexible terms and condition” is suitable only for the people who are fighting against major ailments like cancer and having surety of their natural death so that after their death, they can serve their insurance money either to their family or to some charitable trust.

The next negative point of “whole life insurance policy” is that a policyholder cannot withdraw his premium money during his policy period, so in a way the policyholder does not even get the surety of financial help from his premium money, in the time of urgency. However, on the other hand there are many life insurance policies, which give the flexibility of settlement during policy and even return, the premium amount after the maturity date as pension. Moreover, if one get the surety of pension, than in old age and a person can rely on this policy because after his retirement if he dies than, according to the policy terms and condition a particular nominee can get the financial protection.

Before buying any ULIP plan, know your risk appetite, find out if you can manage up and downs of money during ULIP period? Because the moment you buy a ULIP plan one tend to enter in corporate market, where market fluctuations can some time increase your money or can deprive it further(depends on current market condition). So it is a situation where only experts can survive, therefore, it is important to know first, that if you can handle a sudden change in your assets, and if yes, than only move on to the second dimension.

However, a ULIP product gives the flexibility for the protection of your money. That means if the market conditions are not good and one do not want to take risk with his money, than he can change the value of his funds by drifting them from one (that is more risky) to another (which is less risky) but one need to pay extra amount in his premium for every switching of the funds. The debt funds, balanced funds, diversified equity funds are co-related with ULIP under which an investor can change his protection shield accordingly.

Another positive point of ULIP is that if the ULIP holder does not have specific time to maintain his funds from market fluctuations than one can even take the help of Bench markers to manage his funds, this will provide him a secure investment, and however, some amount is deductable before NAV, if one chooses this option during his ULIP. 

Lastly, it is important for the person who is seeking to buy a ULIP plan to thoroughly search about the product while knowing how a ULIP works, where his money going to transfer or invested etc. so that later on he may not get confused with different technical terms of ULIP. For instance, one should know that the invested money in a ULIP plan is called UNITS, and the benefits that a UNITS gains is called NET ASSET VALUE (NAV). However, the Net Asset Value of a Unit totally depends on the market fluctuation. Same like this, there are many technical terms that a person should ask to his adviser before investing in a ULIP plan so that one may not opt a wrong choice.

The Reliance life insurance Pvt. Ltd. Company is the joint venture of Anil Dhirubhai Ambani Group and Indian finance, insurance group, which has teamed up around five years back and made a commendable success when over 1.5 million people connected with Reliance life insurance Company while buying its varies life insurance policies.

While recording this tremendous growth in the Company’s success graph, the owner of Reliance Life insurance company (Mr. Ambani) expanded the branches of Reliance Life Insurance Company, and today, it has 800 branches only in India, where approximately 60,000 advisers are working. The Reliance Life Insurance Company is a trusted name, and the fact that it is the only ISO 9001:2000 certified Company further proves it well. From child plans to retirement plans, protection plans to savings and investment plans one can choose any policy of Reliance Life Insurance for the better assurance of future savings.

Here are the name of Reliance Life Insurance Products and policies:

Reliance Child’s Super Invest Assure Policy and Reliance Secure Child Policy best cope up with your child’s future expenditure on studies.

However, if you want to take a health plan then, the Reliance Wealth + Health Policy is the best choice.

Moreover, there are various protection plans that covers life log insurance, like

1)   Reliance Connect 2 Life

2)   Reliance Credit Guardian Plan

3)   Reliance Term Plan

4)   Reliance Special Term Plan

5)   Reliance Simple Term Plan

6)   Reliance Special Credit Guardian Plan

7)   Reliance Whole Life Plan

In addition, apart from protection plans, pension and retirement plans are even beneficial, which promises higher return along with the flexibility of the policy. These plans are

1)   Reliance Super Automatic Investment Plan

2)   Reliance Super Golden Years Plan – Plus

3)   Reliance Money Guarantee Plan

4)   Reliance Super Golden Years Plan

5)   Total Investment Plan II – Pension

Moreover, if you want to invest your money in the market to get higher returns or just want a savings plan than following policies will suit you best.

Reliance Special Endowment Plan
Reliance Super Invest Assure Plus Plan
Reliance Money Guarantee Plan
Reliance Super Golden Years Plan – Value
Reliance Super Automatic Investment Plan
Reliance Savings Linked Insurance Plan
Reliance Cash Flow Plan
Reliance Super Market Return Plan
 

Lastly, there is even an additional option for employers for better savings. That is:-

Employee Voluntary Benefits
Employee Protection Solutions
Employers Liability Solutions

Moreover, since 2001, the demand of Marx New York’s numerous life or general insurance, savings and investments products, amongst Indian policyholders have increased vigoursly because of their flexibility and higher returns assurance. That is the reason why for better future investments more and more people are demanding Marx New York Life Insurance policies, rather than other insurance companies. The result is, today, company has more than 200 branches and almost 20 lakhs costumers in India that holds IS0 9001:2000 certified life insurance policies of the company.

So if you are also thinking to buy a product of Marks New York Life Insurance, than read the following list of popular health policies, children policies, retirement policies, savings & investments policies, protection policies and group policies:

Health Policies

• Lifeline Safety Net
• Lifeline Medi cash Plus
• Lifeline Wellness Plus

Children Policies

• SMART Steps Plus
• Children’s Endowment to 18 (Par) Plan
• Children’s Endowment to 24 (Par) Plan

Retirement Policies

• Easy Life Retirement (Par) Plan
• SMART Invest Pension

Protection Policies

• Level Term Policy
• Max Super Life
• Five Yr Renewable & Convertible Plan

Savings and investment Policies

• Secure Returns Builder
• Future Builder
• Max New York Life Unit Builder
• Max Mangal
• Capital Builder Plan
• Life Pay Money Back Plan
• Life Gain Plus 25 Participating Plan
• 20 year Endowment (Par) Plan
• Whole Life Participating
• Business Builder
• Bonus Builder
• Life Maker Platinum
• Life Maker Gold
• Life Maker Premium

Group Policies

• Employee Deposit Linked Insurance
• Group Gratuity cum Term Assurance
• Group Term Life
• Unit Linked Group Superannuation Plan
• Unit Linked Group Gratuity Plan

In addition, the recent analysis of insurance company’s growth in India, the ING Vysya Life Insurance Company have made approximately 50 crore income only from Indian policyholders. That is the reason why Indian government came forward to promote this international company for better future prospects of Indian life insurance sector.

Here are the Insurance policies & saving plans of ING Vysya Life Insurance Company:                                              

Creating Life Child Protection Plan –it is a child plan, where a person need to pay regular premium for several years, so that when his child grows up the sum assured with bonuses can be used for higher studies.

 ING Creating Star – this plan has same feature like Creating Life child Protection Plan.

 Protection Plans – protection plan is suitable for the people who want their after retirement surety of finance.

 ING Life Plus – it is a savings policy which have some beneficial features for better investment option.

 Savings Plans – this policy is a general saving, where the policy holder need to pay regular premium and after the maturity period the sum assured is payable along with the bonus as per savings plans terms and condition.

 New Future Perfect – this plan not only includes general life insurance but also bears all health expenditure of the policyholder.

 ING Golden Life – this plan is a life insurance plan that protects the policyholder from all adverse financial circumstances throughout his policy duration.

 Investment Plans – through this plan a policyholder can increase his units (money) rapidly but the interest rate is totally depends on the market value of the assets.

 New Freedom Plan – this plan works on the market fluctuation but provides the flexibility to change your risk appetite (by changing or switching funds) simultaneously.

 Platinum Life Plan – it is a protection plan that gives you better stability of the Units even when the NAV (Net Assets Value) is not doing well.

ING Prime Life (Unit Linked Insurance Plan) – it is a ULIP plan whose higher or lower return value of Units totally depends on market value of the Assets. However, it is better option for the people who can analysis market situation well.

 Safal Jeevan Money Back Plan – this plan provides insurance and investment, with a low risk factor and guaranteed returns.

 Reassuring Life Endowment Plan (Reversionary Bonus) – this is an Endowment investment where at the end of endowment period the sum assured is maximized (according to term and condition of the policy) along with bonus.

Smart ULIP: this plan is totally depend on the markets vicissitudes. The policyholder requires a portfolio, under which he can manage his funds during market fluctuation and the returns depends accordingly. Moreover, the returns are high mostly, but risk appetite is the major factor behind high returns. However, the best benefit of Smart ULIP is that it protects policyholder from taxation under tax act, 1961. The policyholders need to pay regular premium but at any point of time can change his funds during policy. Hence, business class who want to protect their money even in down market situation can choose ULIP plan in order to have better investment option.

ULIP Elite: Under this plan, policyholder gets the flexibility of managing funds while protecting them against platinum and gold shields. This product has limited premium-paying years, which depends as per your suitability. One another positive point of ULIP Elite plan is that it covers health and accidental insurance.

Protection cum Savings Product: this policy is much more flexible than Smart ULIP and ULIP Elite where the policyholder either can continue the policy until the maturity date or can opt for settlement before the maturity date. However, the settlement period is specified after every 3 years (depends on different terms and condition) when a policyholder can apply for settlement. However, the sum assured before maturity date do not include any extra bonuses.

Pension plans, is the policy where a person starts investing a small amount of money before his old age, so that after a certain period he can utilize his pre-stored money in the form of pension. Moreover, pension plans are same as annuities because in the both conditions, the policy does not give any life insurance coverage but instead of this, provide a regular amount of money after the maturity of the plan. And because of high return assurance after retirement, many people are drifting towards annuity and pension plans which is why there are many insurance companies like ICICI prudential, HDFC life insurance, Birla sun life insurance who have come up with high returns pension/annuity plans which one can get by paying less premium amount. However, the mode of paying premium may differentiate in each insurance company.

Basically, there are four kind of pension/annuity plans from which a person can choose, which depends upon his personal requirement.

The first pension/annuity plan is guaranteed period annuity, in which the annuity holder receives a specific amount for several years after the maturity of the plan. However, in case of his natural death his nominee receives afterward installments as pension.

Second one is life annuity that assures life time income on monthly basis (with higher returns) as a pension but in case of natural calamity if the annuity holder dies, than the whole amount (without any bonus) suppose to re-pay back to the nominee of the policy.

Third, one is deferred annuities, in which the annuity holder gets the exemption from tax at the time when he starts investing in the plan, however, at the time of maturity when the policy holder start getting his monthly installment than the sum assured is taxable after certain figures.

Fourth, one is Annuity certain, under this plan the policyholder does not get the surety of regular income till the time he is alive but instead of this, the total sum assured at the maturity of the plan suppose to paid within a certain period.

This is the true fact that, no one have the surety of anything, one can meet any natural calamities like accident, sudden loss, or death at any point of time, then the circumstances can also become worst if the person losses his financial stability during his bad time. However, an already saved amount can pull him out of disaster and a life insurance policy serves the same purpose, and there many enterprises, which have come up with numerous policies that may, varied according to different requirements. For example, if one wants single headed policy than Life insurance policy is the best choice or if one wants family security than Joint life insurance policy is suitable, and so suits child plans, pension plans respectively. Moreover, it is important to buy a policy that ensures the future financial stability of not only a person, but also of his family.

And the policy that serves the above purpose is called Joint Life Insurance Policy, under which it not only gives  the assurance of the policy holder but also of his categorized family members (maximum two members, however if one want to conclude whole family than, one need to pay extra premium for the same). The joint family life insurance policy is very suitable for a couple or business partners.

The mode of paying premium under Joint family life insurance policy can be lump sum or yearly installments. Moreover, if during policy period, the first nominee meets death and he has been covered under DAB (double accident bonus), than at the maturity of the policy, the sum assured suppose to give to the second nominee along with DAB. However, if both the nominee survives at the maturity of the policy, than sum assured with bonus is payable at that time only. Therefore, the policy’s term and condition best suits for family life insurance.

The full form of HDFC is Housing Development Finance Corporation, and its very name reveals the purpose of the company, which is to provide better financial assets especially to those who are seeking stabilization in their future. That is the reason why HDFC holds many beneficial investing plans and have recently come up with many modified products which promises high return on low premium basis. This is not only personal investments that HDFC emphasized upon, but also HDFC have focused upon the term called “corporate investment” because, where many insurance company rest on the personal financing, they tend to forget t the financial needs of business people. To accomplish this requirement, HDFC have launched many products that are specially designed for Working class and work according to market’s value.

So let us have a look on policies and products of HDFC Standard Life Insurance:

HDFC Unit Linked Young Star Champion

HDFC Unit Linked Young Star II these plans assure the financial strength for your child’s education.

HDFC Critical Care Plan

HDFC Surgi Care Plan under these plans the cost of major surgical surgeries, which policy covers, suppose to pay by the insurance company.

HDFC Unit Linked Pension Maxi miser II

HDFC Personal Pension Plan

HDFC Unit Linked Pension II for the financial security of after retirement, these plans are very beneficial.

HDFC Unit Linked Wealth Maxi miser Plus

HDFC Single Premium Whole of Life Insurance Plan

HDFC Savings Assurance Plan

HDFC Term Assurance Plan

HDFC Loan Cover Term Assurance Plan

HDFC Home Loan Protection Plan

HDFC Immediate Annuity

Savings & Investment Plans, these plans ensures trusted general savings, where after the completion of the policy, the policyholder gets higher returns with extra bonuses.

HDFC Unit Linked Endowment Plus II

HDFC Unit Linked Enhanced Life Protection II

HDFC Unit Linked Endowment Winner

HDFC Endowment Assurance Plan

HDFC Money Back Plan the return amount of these plans totally depends on the market value of the assets and the risk appetite of a policyholder.

Group Term Insurance Plan

Group Variable Term Insurance Plan

Group Unit Linked Plan – Leave Encasement

Group Unit Linked Plan – Superannuation

Group Unit Linked Plan – Gratuity for the group investment these plans are the best choice.

• Today’s woman is becoming corporate instrument, not traders by nature, but if woman would understand risk and management while investing  a good  percent of their earnings into shares and equity mutual funds they can actually grab a good amount of money. But always remember, patience is the key in the market and investments.
• Thinking about investments from the day you would get your first salary will later be a nice idea to tell others as a suggestion.  One should always invest in a life insurance policy, it is always a good option to invest early and live without tenstion when you start getting older. If you do now want to take policy early, and even if your salary weight is low, then also do not forget to save at least 10-15 percent of as a bank deposit. Because that already saved, money will help you later at the time of need.
• Before getting married its always being a good notion to talk about your future investments with your would be husband. Do not shy while revealing your ideas.
• Funds schemes like Public Provident Fund, National Savings Certificates, Fixed Deposits etc. are merely long-term plans; remember if your goal is to build wealth, by the time you will get marry, then, these schemes will not serve your purpose. But yes! If you have extra money and not going to utilize it for long, then it can give you little benefit after all you are not using your money and what’s wrong if getting 10-15% percent for long-term investment?
• Be alert about some bluff master companies which organize women oriented schemes and offers, like insurance policies, credit cards which consist of hidden charges and are much more expensive from regular products.