unit-linked insurance policy
1Unit Linked Insurance Plan - ULIP — A type of insurance vehicle in which the policyholder purchases units at their net asset values and also makes contributions toward another investment vehicle. Unit linked insurance plans allow for the coverage of an insurance policy, and provide …
2Unit Linked Insurance Plan — For the school ULIP, see University of London Institute in Paris Unit Linked Insurance Plan (ULIP) provides for life insurance where the policy value at any time varies according to the value of the underlying assets at the time. ULIP is life… …
3unit-linked insurance — /ˌju:nɪt lɪŋkd ɪn ʃυərəns/ noun an insurance policy which is linked to the security of units in a unit trust or fund …
4unit-linked — ˈunit ˌlinked adjective unit linked policy/plan/insurance INSURANCE a life insurance policy, pension plan etc in which all or part of the premium S (= regular payments) are invested in an investment fund * * * unit linked UK US …
5unit-linked — uˈnit linked adjective (of a life insurance policy or personal equity plan) having a return based on the value of a unit trust • • • Main Entry: ↑unit …
6Insurance Regulatory and Development Authority — The Insurance Regulatory and Development Authority (IRDA) is a national agency of the Government of India, based in Hyderabad. It was formed by an act of Indian Parliament known as IRDA Act 1999, which was amended in 2002 to incorporate some… …
7Insurance bond — An insurance bond (or investment bond) is a single premium life assurance policy for the purposes of investment. Due to tax laws they are a common form of investment in the UK and some offshore centres.Traditionally insurance bonds were with… …
8endowment policy — A policy which combines investment with insurance and runs for a specific period. It builds up a cash value, generally on either a with profit or with unit linked basis and is paid out at the end of the policy term or when you die (whichever is… …
9Endowment policy — An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its maturity ) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out… …
10Income protection insurance — (IPI) is a UK insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. IPI policies were formerly called Permanent Health Insurance (PHI).Relevant concepts* Incapacity will be… …
