The Unit Link Policy is basically a combination of insurance as well as investment. A part of the premium paid is utilized to provide insurance cover to the policy holder while the remaining portion is invested in various equity and debt schemes. The money collected by the insurance provider is utilized to form a pool of fund that is used to invest in various market instruments (debt and equity) in varying proportions just the way it is done for mutual funds. Policy holders have the option of selecting the type of funds (debt or equity) or a mix of both based on their investment need and appetite. Just the way it is for mutual funds, the policy holders are also allotted units and each unit has a net asset value (NAV) that is declared on a daily basis. The NAV is the value based on which the net rate of returns on the policy is determined. The NAV varies from one Unit Link Policy to another based on market conditions and the fund’s performance.
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Apex Insurance Broking Services Private Limited,Jubilee Hills, Hyderabad Telangana India.
Phone No:(+91) 4065413456
Office No. 320,B Wing Sai Chambers,Plot No. 44,Sector 11,CBD Belapur,Navi Mumbai 400614
Phone No: 022 49746377