YOU ARE HERE > Moneycontrol > Unit Linked Insurance Plans > Glossary

Unit Linked Insurance Plans

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Unlocking opportunities in Metal and Mining

The full amount of premium paid is not allocated to purchase units. Insurers allot units on the portion of the premium remaining after providing for various charges, fees and deductions. However the quantum of premium used to purchase units varies from product to product.

The total monetary value of the units allocated is invariably less than the amount of premium paid because the charges are first deducted from the premium collected and the remaining amount is used for allocating units.

Keywords

ULIPs

Sections