Aegon Life ULIP Calculator | Get Your Free Quote Now

Lately, Unit Linked Insurance Plan – ULIP have gained a lot of popularity, and have become amongst the most sought-after insurance products. ULIP is based on the idea of facilitating investment as well insurance under a single plan. This renders double protection and multiple benefits to the investor. 

Before making a decision on investing in ULIP, investors often research on ULIP calculations. This article will focus on giving you some insights on Aegon life ULIP calculator. 

Before moving on to learn about ULIP calculator, we will have a look at some of the aspects associated with Aegon Life ULIP. 

Who Should Invest in ULIPs? 

Almost every investor, whether modern or conventional, can consider investing in ULIPs and gaining out of ULIPs linked to debt funds. However, a certain pool of investors who are aiming at the below can look at ULIP investments. 

• Regular savings 
• Long-term investments, and 
• Gaining access to the market-linked returns. 

What Options Do You Have For ULIP Investments? 

Aegon offers a number of options for ULIP investment. Each of the options carries a set of benefits, and investment regulations with itself. It is better to consult an expert, understand the product, assess the benefits, make feasibility checks, etc. and then come to a consensus. 

Some of the ULIPs offered by Aegon are enlisted below. 

ULIP Plan	Features
iMaximize Insurance Plan	Higher sum insured, additional savings and income benefit
Future Protect Plan	Multiplying amount from different investments along with life-coverage
iInvest Insurance Plan	Enables investment in six different funds such as blue-chip equity, opportunity, stable, secure, accelerator and debt funds.
Rising Star Insurance Plan	Good for future security for children. Investment is done in equity markets.
iMaximize Single Insurance Premium Plan	Investment is done only once, while the investor earns profitable returns on the investment for a long time.
Future Protect Plus Plan	Generates a pool of finances by facilitating investment as well as insurance. It also works towards growth of the finances.

ULIP Calculator 

ULIP calculator is necessary in order to know the amount of cover and corpus required. ULIP calculator is helpful in determining the future value of an investment. In order to figure out and understand the investment plan that will best suit your needs, you need to provide details such as the investment amount, the number of years of investment, the percentage of the post-tax yearly rate of return earned on the investments, frequency of investments, etc. 

ULIP Calculator – Get a Free Quote 

In order to get a free quote, you need to go through the below steps. 

Let us consider that you (as an investor) plan to buy Aegon Life Insurance Plan. The system will ask for the below details. 

Click on self for the tab I am investing for. 

• Enter your name in the name tab. 
• Select your gender image. 
• Give your date of birth on the next tab. 
• Select your occupation. 
• Select the monthly investment, for instance, 2000 INR. 
• Select the annual income, for instance, 1 lakh INR. 
• Enter your mobile number and email ID. 

Later on, the next window will open up.

• Select the benefit option, for instance, option 2 – with additional benefits. 
• Select the policy term, for instance, 15 years. 
• Select the premium paying term, for instance, 10 years. 
• Select the investment frequency, for instance, monthly. 
• The investment amount selected will automatically show up. 
• Select the sum assured. 

Further, select the percentage of the allocation of funds in different market types. 

Eventually, the system will give you the total fund value at 8% and 4%. In case of 8%, the total fund value is projected to be around 4 lakh INR, and with 4%, it is projected to approximately 2.68 lakh INR. 

Now, to understand the ULIP calculator and how a particular plan works, let us consider the below example. 

Mr. XYZ is 40-year-old person who works for a manufacturing company and looks forward to ULIP plan in order to secure his family’s future. There are 3 members of his family, including his wife and child. He purchases the Aegon Life Insurance Plan and selects the option 2 for death benefit. His cover amount is INR 12.5 lakhs, and the policy term duration is 25 years. The payment premium term is 25 years that is annually paid by him. His premium amount is INR 1 lakh, and he has chosen the hundred percent secure fund investment strategy. 

After 4 years of purchasing this policy, he dies in an accident. His wife, who was his nominee, is paid a sum of INR 12.5 lakhs. Further, the payment of 1 lakh INR is done from the fifth year. The plan continues even after the death of the investor since the company pays the unpaid premium. 

Now, at maturity on the 25th year, there could be two scenarios based on the maturity pay-out. The scenarios are as follows. 

• In case the maturity payout is 4%, the nominee will receive a sum of around 31 lakhs (+- some thousands of INR) 
• In case the maturity payout is 8%, the nominee will receive a sum of around 56 lakhs (+- some thousands of INR). 

Hope the above article on ULIP Calculator proved helpful for you. Consult an expert for more insights and better decision making. Happy Investing!

Best and Safe Investment Plan with High Returns

Fixed Deposits have always been viewed as safe investment havens. However, FD interest rates have been falling since the last few years. Demonetization and falling inflation led to even further decline in FD interest rates. While FDs continue to remain one of the safest forms of investments, you cannot expect them to yield high returns on your investment.

With most banks currently offering just about 6.5 to 7.2 per cent interest rates for tenures that range from 1 to 10 years, conservative investors have begun looking at other avenues to park their funds on a medium to long term basis.

What then are some of the best investments plans with high returns? Let's find out:

Post Office Time Deposit Account (POTD)

Post Offices have been operating in India for over a century now and have a reach that is far wider than the banks. More than 238 million accounts have benefitted from various post office savings account schemes. Post office time deposit scheme is one such scheme. It is quite a popular scheme as it allows investors to park their surplus funds at an elevated rate of interest - much higher than interest rates offered by banks for their 5-year tax-saving deposits that offer just about 7.2 per cent interest per annum.

Features of POTD:

• POTD is available for tenures of 1, 2, 3 and 5 years and the 5 year plan offers a yearly interest rate of 7.8 per cent. 
• The scheme offers an assured return on investment to the investors.
• These accounts are flexible and can easily be transferred from one Post office to the other.
• Account holders can open a number of deposits at post offices of their choice.
• INR 200 is the minimum amount required to start a POTD and there is no maximum amount.
• Non-resident Indians are not eligible to apply for this scheme.
• This scheme doesn't provide a Tax Deducted at Source certificate to the account holder.

5-Year National Savings Certificates (NSC)

This is a lucrative investment scheme offered by the Government of India and is aimed at individuals looking at saving income tax.

Features of NSC:

• A rate of interest of 8.1 percent per annum is offered by the 5-year National Savings Certificates (NSC) scheme.
• Under Section 80C of the Income Tax Act, Income tax up to Rs 1.5 lakh can be saved through this scheme
• There is no minimum limit for purchase of NSC
• NSCs have a maturity period of 5 years.
• The scheme is easily available at all the post offices
• It offers a guaranteed return on investment
• Interest earned is added back to the initial investment and is compounded annually.
• These certificates come in handy while applying for loans from banks.

Kisan Vikas Patra (KVP)

India post launched this saving certificate scheme named Kisan Vikas Patra (KVP) in the year 1988 and is a successful investment scheme that offers high returns.

Features of KVP:

• KVP offers a rate of interest of 7.5%.
• Amount invested in this scheme matures over a period of 115 months.
• This certificate can be purchased by an adult individual or on behalf of a minor.
• The certificate is available at all the post offices
• The scheme has the facility to opt for a nominee.
• Certificate can easily be transferred from one post office to another and from one person to another.
• A minimum deposit of INR 1000 is needed to invest in this scheme. However, there is no upper limit.
• The scheme is available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.

Public Provident Fund (PPF)

PPF is one of the most popular saving instruments of the salaried class and is one of the best Investment Plans with High Returns.

Features of PPF:

• PPF allows investors to invest a lump-sum amount of money or in 12 installments.
• A joint PPF account cannot be opened.
• PPF currently offers a 7.9 percent rate of interest which is compounded annually.
• Minimum amount required to open a PPF account is INR 100.
• A minimum of INR 500 is required to be deposited in a financial year to run a PPF account. And a maximum of INR 1,50,000 can be deposited in PPF in a financial year.
• Depositors can nominate a person at the time of opening the account and even after opening it.
• Account can easily be transferred from one post office to another.
• PPF has a maturity period of 15 years and it can be further extended to another 5 years and so on within one year of the PPF maturing.
• PPF doesn't allow premature withdrawal before 15 years.
• Interest earned in PPF is completely tax free.

It is important to note that interest earned on some of these fixed income generating instruments is fully taxable depending on the tax slab the individual falls into. While these may be some of the best investment plans with high returns, the post-tax returns in these instruments aren't as lucrative and only those who are extremely conservative and looking at preserving their capital should invest in them.


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Top 7 Best Tax Saving ELSS Mutual Funds To Invest In 2018-2019

During a particular financial year, individuals are at various stages of tax planning: some invest immediately, some are in search of the best tax-saving options, some want information regarding mutual fund schemes. Tax saving mutual funds scheme or Equity Linked Savings Schemes (ELSS) are the best tax-saving option available in Section 80C of the Income Tax Act,1961.

Savings Equity Linked Scheme Is a Wise Choice for A Risk Taker

In Section 80C of the Income Tax Act of 1961, investments in ELSS’s qualify for income tax deductions of up to Rs 1.5 lakh within a lock-in period of three years. Investing in ELSS to save income taxes is a wise choice, start investing in a staggered manner. This method also offers taxpayers ample amount of time to research and choose the right scheme that meets your financial needs. 

ELSS are equity mutual fund schemes, meaning you are investing in stocks. So, invest only if you have a high-risk tolerance, a stomach to handle the volatile nature of the stock market. ELSSs have a lock-in period of three years but invest carefully and only if it’s for a period of five to seven years. 

Government-backed tax-saving mutual funds (GILT Fund) are fixed income instruments offering modest returns, but a very low-risk option. ELSSs produce superior returns periodically over a long time since the primary investments are based on stocks. The returns for ELSSs in tax saving mutual funds category has returned 22.91% in one year, 14.69% in three years and 18.53% in five years. 

Best ELSS Tax Saving Options of 2018:

Taxpayers plan their tax saving investments every financial year. While most common investments in the tax saving category life insurance policies and public provident funds (PPFs).

Equity Linked Savings Schemes (ELSS), a tax saving mutual funds option that is eligible for Section 80C tax deductions. These schemes have a lock-in period of just 3 years, which is the lowest among all Section 80C options. These tax saving schemes generate substantial returns over long-term periods. They primarily invest in equity or equity related instruments.

1.            Axis Long Term Equity Fund

This tax-exempting fund was launched on December 29, 2009, by Axis Mutual Fund. The fund capitalizes on companies which have a sturdy probability of creating wealth over a period of three to five years. This fund is a large-cap oriented one with around 70% of its investments in giant and large cap space.

2.            Franklin India Tax Shield

Launched on April 10, 1999, this mutual fund has its eyes on investing in stocks that have varied valuations and great growth prospects. With almost 80% of its investments placed in the stocks of giant-cap and large-cap companies, long-term returns are guaranteed to investors as the scheme is well placed to contain the losses from potential market corrections.

3.            Reliance Tax Saver Mutual Fund

Contrasting to most of the ELSS funds, this fund focuses primarily on investing in the stocks of mid-cap and small-cap businesses. Presently 55% of its investment portfolio has its holdings in small-cap and mid-cap stocks. The tax-saving scheme has a mix of growth prospect and value based style of investing its financial holdings.

4.            ICICI Prudential Long Term Equity Fund

This tax-exempted mutual fund investment scheme was launched on August 19, 1999. This fund invests in the stocks of those companies that have great growth prospects and attractive market capitalizations. It follows a value based investment style, outperforming its competitive peer ELSS Mutual Funds during the initial market phases. Almost 50% of its investment portfolio is knee-deep in the stocks of mid-cap and small-cap companies.

5.            Birla Sun Life Tax Relief 96

This tax relief mutual fund has a primary objective to generate long-term returns by investing 80% of its investment in equities and equity related instruments and 20% in debt and money market instruments. The tax-saving scheme has a mix of growth prospect and value based style of investing since its launch on March 29, 1996. The fund has a multi-cap spectrum with around 47% of its holdings invested in stocks of giant-cap and large-cap companies and the rest in the stocks of mid-cap and small-cap companies.

6.            Tata India Tax Savings

This fund was launched on March 31, 1996. It generates a steady and attractive long-term return by investing in companies of good fundamental foundation. It has stocked a selection criteria for growth prospect and value-based strategy. About 44% of its portfolio, has its stock invested in large-cap and giant-cap companies while the rest is invested in small-cap and mid-cap companies. This fund attracts investors who tend to favor a multi-cap approach along with high-risk tolerance.

7.            IDFC Tax Advantage

This mutual fund was launched on December 26, 2008. The fund has a multi-cap spectrum, with 43% of its properties in giant-cap and large-cap companies and the remaining in small-cap and mid-cap companies. Along with a traditional investment method by concentrating on companies with high growth prospects and low valuations.

Their high rate of returns on ELSSs makes them the best investment option for meeting your long-term financial goals like children’s education and retirement plan investments. To conclude, carefully analyze your own risk tolerance and our financial portfolio before selecting the ELSS funds. 

Why Do So Few People Pay Income Tax In India?

All work and no play made Jack a sad man. Similarly, all free things and no contribution sent the economy toppling down. So reminiscent of what people expect and what they give.

It is the financial duty of every person as a citizen of their state to pay a certain percentage to the country. This percentage helps the country develop and grow economically and financially by leaps and bounds. Paying your income tax is one duty you should never shrug away from.

What Then Is Income Tax?

Income tax is a government-levied tax on the percentage of income on all individual and businesses to be directly paid to the government. Income tax is a direct tax within the country. It is a compulsion for every citizen of the country be it a salaried or business to pay or file their Income tax returns every financial year.

What Is Income Tax Used For?

Income tax is routed towards the government funds to finance various government schemes for subsequent developments and facilities like hospitals, schools, roads, etc., also towards the salaries of the government bodies of both the central and the state.

Other than funding government administrations, income tax is also considered as a monetary balance towards equal financial distribution among the population needs. It works towards buffering the effects of economic cycles.

What Are The Different Categories Of Income Tax?

Taxes fall into two categories, direct tax that is Income tax that each and every earning person has to pay whether salaried, business, gains and profits. Service tax, VAT and the newly introduced Goods and Service Tax (GST) are indirect taxes.

In accordance with the Income Tax Act, 1961, the categories that fall into the income tax ceiling are -

·         Salaried Income Groups

·         Income accumulated from properties and Real estates

·         Professional and Business category

·         Benefits from Capital

·         Income from other sources

Why Do You Need To File Income Tax?

·         It is mandatory by law to pay your taxes. Not doing so would incur huge losses.

·         Necessary to pay so that you can claim a refund or carry a loss to the next annual term forward.

·         Helps to procure speedy loans as it helps decide your paying capacity.

·         Helps you procure credits cards more easily.

·         You contribute your share to your country.  

·         Helps to register your property easier.

·         Necessary for obtaining a visa.

·         Pay it on time to avoid paying huge late fees.

Why Do So Few People Pay Income Tax In India?

People try to evade pay Income tax for many reasons. Literacy may be one of the reasons, but at the same time, many categories of people have different views.

People feel ethically entitled to keep their hard earned money since they slogged for it and think it was not a gift to be given away. Perhaps they do not understand the consequence of tax evasion. They do not even feel they owe the government. 

People may not even be f eeling the Need to Pay Income Tax because it is legally earned.

Housewives or mother save their gold or cash for future events. Again here it is legal but not accounted for.

Many people feel better evading paying their income tax as they are under the belief that the country rarely does anything for them. They are not so happy with the miserable failure of the government towards the infrastructure and maintenance of the country. Some are of the view that if the government is lenient to farmers categorizing them as one type and waiver of taxes is granted to them then why not I. 

View Of The Wage Workers

Categories like the maids, auto drivers and such daily wage-workers also feel the need for a tax waiver. They also save their legal money by keeping the money at home for a future event.

Keeping it in the bank would amount to taxation, fee towards lower bank balance maintenance etc. not realizing the consequences of evasion. These lower wage-workers are also under the impression that the money received for working isn’t technically income.

Most think, “Am I not entitled to keep my salary for myself since the government has the right to tax gains or profits and not hard earned wages? I have engaged my labour in equal exchange for my fair wage. No profit no gain.”

Voluntary Giving Of Taxes

Another feeling that people have is filing a return and paying taxes is ‘Voluntary’.  People do not realize that ‘Voluntary’ means that an individual has the right to determine the tax liability by filing the appropriate forms it does not mean evading the tax entirely.

Individuals simply are frustrated to see the malfunctioning of the government system some seek evidence to see the improvements in substandard schools, roads, hospitals, etc., and hence evade taxes as a challenge. But this is not a reason to evade taxes, as eventually, the consequences will have to be borne by the tax evader. 


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SBI Life e-Shield : Online Pure Term Insurance Plan with the Best Financial Protection

SBI E-Shield is the non-participating, non-linked pure online term insurance policy by SBI Life. Alike all other tem policies, the SBI Life E-shield covers life risk with higher sum assured value and minimal premiums. Insurers also avail the rider benefits and for non-smokers there are get great discounts on premiums as well. There are also other key benefits and features of this term policy that make it the most appreciated and highly preferred plan today. Since it is an online term policy, you are required to purchase it online. Moreover, no bonus facility is there with this term plan by SBI Life. Insurers can also enjoy great rewards for maintaining a healthy lifestyle. Unlike other term plans, this term policy by SBI Life offers a variety of plan options to choose coverage and premiums are set based on the coverage required. 

SBI Life E-shield Key Features

Since it is an online term policy, you need to buy SBI E-Shield is the non-participating, non-linked pure online term insurance policy by SBI Life. Alike all other tem policies, the SBI Life E-shield covers life risk with higher sum assured value and minimal premiums. Insurers also avail the rider benefits and for non-smokers there are get great discounts on premiums as well. There are also other key benefits and features of this term policy that make it the most appreciated and highly preferred plan today. Since it is an online term policy, you are required to purchase it online. Moreover, no bonus facility is there with this term plan by SBI Life. Insurers can also enjoy great rewards for maintaining a healthy lifestyle. Unlike other term plans, this term policy by SBI Life offers a variety of plan options to choose coverage and premiums are set based on the coverage required. 

SBI Life E-shield Key Features

• Since it is an online term policy, you need to buy SBI Life E-shield online from SBI Life Website
• No maturity bonus or benefits are available with this term plan. 
• The entry age of this policy is 18 years and above and minimum sum assured value must be 20 lakhs and can be increased in multiples of 1 lakh
• There are four different coverage plan options – Level Cover, Level Cover with Accidental Death Benefits, Increasing Cover and Increasing Cover with Accidental Death
• Insurer can get 10% of sum assured after successfully completing 5 years of the policy without increasing the premiums. 
• The additional accidental death benefit is equivalent to the sum assured of Rs 50 lakhs, whichever is lower
• There are great discounts on premiums if you are non-smoker and rewards are there for maintaining good lifestyle 
• Income tax benefits under section 80C and 10(10D)
• The policy benefits will cease if premiums are stopped by the insurer, but the policy can be revived again within three years range

Benefits from SBI Life E-shield

Death Benefits – If the insurer dies within the policy tenure, the nominee of the policy will get the lump sum amount as death benefit. However, the death benefits the nominee will get greatly depend on the plan option chosen by the insurer.

Maturity Benefits – Since it is a term insurance plan, there is no maturity benefit or bonus available

Income Tax Benefits – The insurance premiums up to Rs 1, 00, 000 are eligible for deduction from the taxable income under section 80C and the Maturity Proceeds are also tax free under section 10(10D). But, it is subject to fulfillment of terms and conditions. 

How SBI Life E-shield Works

In this term policy by SBI Life, you are required to pay the premiums for entire policy at the time of signing the policy contract. There are basically four Variants of SBI Life E-shield Policy.

• Level Cover – The Effective Sum Assured in this term policy option is the Basic Sum assured that insurer chooses at policy inception.
• Level Cover with Accidental Death – The Effective Sum Assured is same as in Level Cover option, but the policy comes with built-in rider coverage that offers accidental death benefits. If there is an accidental death then the nominee would get a lump sum which is equal to Basic Sum Assured or Rs 50 Lakhs, whichever is lower
• Increasing Cover – The Basic Sum Assured can be increased by 10% after every 5th policy year without increase in premiums
• Increasing Cover with Accidental Death – The Basic Sum Assured can be increased by 10% after every 5th year of the policy without any increase in policy, but this term plan option comes with inbuilt rider of Accidental Death Benefits where the nominee would get a lump sum which is equivalent to the Basic Sum Assured or Rs 50 Lakhs, whichever is lower.
• Online from SBI Life Website
• No maturity bonus or benefits are available with this term plan. 
• The entry age of this policy is 18 years and above and minimum sum assured value must be 20 lakhs and can be increased in multiples of 1 lakh
• There are four different coverage plan options – Level Cover, Level Cover with Accidental Death Benefits, Increasing Cover and Increasing Cover with Accidental Death
• Insurer can get 10% of sum assured after successfully completing 5 years of the policy without increasing the premiums. 
• The additional accidental death benefit is equivalent to the sum assured of Rs 50 lakhs, whichever is lower
• There are great discounts on premiums if you are non-smoker and rewards are there for maintaining good lifestyle 
• Income tax benefits under section 80C and 10(10D)
• The policy benefits will cease if premiums are stopped by the insurer, but the policy can be revived again within three years range

Benefits From SBI Life E-shield

Death Benefits – If the insurer dies within the policy tenure, the nominee of the policy will get the lump sum amount as death benefit. However, the death benefits the nominee will get greatly depend on the plan option chosen by the insurer.

Maturity Benefits – Since it is a term insurance plan, there is no maturity benefit or bonus available

Income Tax Benefits – The insurance premiums up to Rs 1, 00, 000 are eligible for deduction from the taxable income under section 80C and the Maturity Proceeds are also tax free under section 10(10D). But, it is subject to fulfillment of terms and conditions. 

How SBI Life E-shield Works

In this term policy by SBI Life, you are required to pay the premiums for entire policy at the time of signing the policy contract. There are basically four variants of SBI Life E-shield policy.

• Level Cover – The Effective Sum Assured in this term policy option is the Basic Sum assured that insurer chooses at policy inception.
• Level Cover with Accidental Death – The Effective Sum Assured is same as in Level Cover option, but the policy comes with built-in rider coverage that offers accidental death benefits. If there is an accidental death then the nominee would get a lump sum which is equal to Basic Sum Assured or Rs 50 Lakhs, whichever is lower
• Increasing Cover – The Basic Sum Assured can be increased by 10% after every 5th policy year without increase in premiums
• Increasing Cover with Accidental Death – The Basic Sum Assured can be increased by 10% after every 5th year of the policy without any increase in policy, but this term plan option comes with inbuilt rider of Accidental Death Benefits where the nominee would get a lump sum which is equivalent to the Basic Sum Assured or Rs 50 Lakhs, whichever is lower.

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SBI Mutual Fund - Best Schemes & Returns of India's Leading Mutual

As one of the foremost asset Management Company in India SBI Fund Management Pvt.Ltd have an experience of 25 years in managing funds and serves a customer base of over 4.58 million. SBI Fund Management Company manages SBI Mutual Fund. With a huge investor base SBI Mutual Fund delivers value product to its investors. SBI Mutual Funds offers vast and worthwhile investment options for a wide group of investors in the country. 

According to one’s own choice the investors can choose from wide options of comprehensive funds and can make a stable investment to achieve their financial goal. Both offshore funds and domestic funds are offered by SBI Mutual Fund. Further in this article we have briefly discussed the key features and benefits offered by the policy. 

Types of Fund Options Offered by SBI Mutual Fund

1. Equity Schemes- The major objective of this scheme is to offers capital growth to the investors. In equity schemes the money is invested in equity, stocks and equity related instruments. There are various fund options offered by equity schemes. 

• Equity/growth fund 
• Thematic funds
• Sectoral funds
• Index fund
• ELSS funds
• Market Neutral Strategy

2. Exchange Trade Schemes- Exchange traded scheme the funds are invested in stocks and comes with different securities. 5 different types of fund options are available under exchange trade schemes. 

3. Hybrid Scheme- In Hybrid scheme the investment is made in both debt and equity in different proportion. It includes the components of both bond and stock. 7 different type of fund option is available under hybrid scheme. 

4. Debt/Income scheme-under this scheme the money is invested in fixed income securities like corporate debenture, bond, government securities, etc. By investing in this SBI mutual fund the investors can receive a steady and regular flow of income. Under debt/income scheme 11 different fund options are available to invest in. 

5. Liquid Scheme – In this scheme the money is invested in short term investment products like commercial paper, treasury bills and certificate of deposit. The liquid scheme offers 3 different fund options to invest in. 

6. Funds of Funds- in funds of fund the money is majorly invested in different scheme of the same mutual fund or other mutual fund. Fund of fund offers SBI Gold fund under SBI Mutual Fund. 

Reasons to Choose SBI Mutual Fund

SBI mutual Funds offer manifolds of benefits to the investors. With a comprehensive fund options the investors and choose the most beneficial plan according to their own suitability and can achieve their long and short term objective. In order to cater the requirements of business entities and individual investors, the SBI mutual funds offers wide range of fund options to invest. Here we have mentioned some of the benefits offered by SBI Mutual Fun.

1. The funds offered by SBI Mutual Fund involves very low risk, thus it provides an assurance to the investors of profitable capital appreciation over a long and short-term period. 
2. Both offshore and domestic funds are offered by SBI Mutual Fund. 
3. According to the requirement of the investors he/she can tailor from a wide option of funds as per their choice. 
4. The money invested in equity linked saving schemes is eligible for tax exemption under section 80C of Income Tax Act. 
5. SBI mutual funds are a very profitable investment option for NRIS’ too. 
6. The process of investing in SBI mutual fund is very easy and hassle free as one can do the online investment and can also asses the investment whenever required.

The Four Most Common ULIP Sales Pitches - That All Buyers Must Be Aware Of

ULIP plans are trending in the market more and more these days as they are extremely buyer friendly and multifunctional. But there are certain sales pitches from the insurance company’s end that you must know.

Firstly, before getting into any further details about the pitches, we must know what ULIP is exactly. ULIP is an abbreviation for unit-linked insurance plan that is a different kind of plan in the insurance industry.

Usually, insurance plans offered by companies are plans that either are categorized as life insurances or as medical insurances. In both cases, you must be paying a certain amount of money every month as premium and in the end you would get an amount that is your sum insured.

ULIP also has life insurance properties but whilst doing that, it also lets you invest in other processes like stocks and mutual funds etc. In allows you to use the money that you are paying as a n option for investment in various different fields like stock and mutual funds.

Basically, ULIP is a very easy and convenient plan to choose when you're looking for a policy and also want to make some right types of investment.

However, there are so many ULIP options available in the insurance market that often a buyer may be confused as to which one to choose. Also, there are so many sales pitches prepared by these insurance companies to sell the ULIP and a buyer must be aware of all these tactics to make the right decision without being deceived.

Here are 4 sales pitch techniques that insurance companies always use when they want to market a ULIP.

1. The premium pitch.

The sales agents get you by saying that you would have to pay premium for only a period of 3 years or so and not after that. They often don't say the other part of the story which is the fact that the premium you don't pay gets cut from your original sum.

2. The fund manager technique.

Sales executives selling ULIP would give you a guarantee saying your funds would be taken care of by a fund manager, while in reality, all insurance funds are taken care by fund managers.

3. New ULIP sales tactic.

The sales person would make you believe that the newer the ULIP plan he cheaper it would be for you. They overlook all the other factors involved in buying a suitable ULIP.

4. The guarantee of returns.

The sales manager would tell you that with a ULIP you are guaranteed to receive returns but in reality, it involves the same risk as any investment done in the market would.

Here were the few pitches you just know about buying a Suitable ULIP Plans for Yourself.

Why to buy a ULIP?

Though you might be given various sales pitches, investing in a ULIP is still a great idea. It lets you be in control of your funds while still having the security that you need, which is a great deal. ULIP is different from any other form of insurance as it does not just provide you with an insurance, but also gives you the opportunity to make an investment through mediums like stocks and mutual funds. This is a really innovative and efficient manner to buy a insurance policy.

Features and benefits

Here are the few features and benefits of ULIPs

•Mostly, guaranteed returns. Most people buying ULIP have had great returns after the prescribed time.

•More authority over the money invested.

•Multi functional since provides Botha security and investment options.

•short term investment, though not very short, but still relatively shorter than other investment plans.

Eligibility

You must be above the legal age to buy a policy that is 18 years and must have your documents in place that is the only eligibility. Also few more eligibility criterion a may be applicable depending upon the actual company you take the ULIP from.

Documents required

Few document that you would need to buy or invest in a ULIP Are,

•address proof (your ration card or your passport)

•Identity proof (documents like a PAN card or an aadhaar card)

•Age proof (documents like the birth certificate)