Fund Details and Form With Instructions To Fill Up - UTI ULIP

Kind Attn: This is not a ULIP from any life insurance company. So, clear your minds about ULIP which you might have read in various forums/papers and look at this. This is a 40 year old straight and simple product.

In a nut shell, UTI-ULIP is an unique bundle of multiple benefits offering an opportunity of Wealth Creation along with the multiple benefits embedded in the scheme makes it “ek Sampoorna Yojna”

1. Term Life Insurance Cover at a low cost.

2. Market Value Of investment + Target Amount paid as claim amount.

3. Market Value of investment + Bonus Paid on maturity. Current Bonus Rates @ 5% for 10 year plan and 7.5% for 15 year plan.

4. Tax Rebate as per prevailing tax laws.

5. Anytime Liquidity with only 2% exit load.

6. Conservative asset allocation| 60 – 100% Debt and 0 – 40% Equity.

7. Under Fixed Term Insurance Cover: No life insurance cover is payable in case of death less than 6 months from the commencement of membership. For 6 months and above but less than 1 year the life insurance cover is 50% of the target amount. For 1 year and above 100% of the target amount is payable. However for accidental death the above time period limitations does not apply.

8. Eligible Investors: Open for investment to resident individuals as well as to NRIs including investment in the name of the spouse/child. The age of the applicant at the time of entry should be within the age limit indicated below:

Annual and Half Yearly Payment Option

a. The 10 year plan – between the age of 12 and 55 ½ years

b. The 15 year plan – between the age of 12 and 50 ½ year

9. Monthly SIP under UTI-ULIP is open to investors between the age group 12 years and 48 ½ years in case of the 10 year plan and between the age group 12 years and 42 ½ years in case of the 15 year plan.

10. Quarterly SIP under UTI-ULIP is open to investors between the age group 12 years and 55 ½ years in case of the 10 year plan and between the age group 12 years and 50 ½ years in case of the 15 year plan

For More Details Click For Scheme Document