ULIP stands for Unit Linked Insurance Plan. It is an investment option that provides investment and insurance to investors.
LIC stands for Life Insurance Corporation of India. LIC is an institution that provides/sells Insurance and ULIPs to citizens of India
They are both totally different.
Because, Operations of LIC in the ULIP space was clean and they did not have any issues that the others had
Right now, LIC's Wealth Plus ULIP policy is having moderate to reasonable Nav, in comparison to performances of private insurers' ULIP policy.
Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.
LIC
A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. LIC stands for Life Insurance Corporation of India. The main difference between a bank and LIC is the fact that LIC is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers (However, LIC does provide home loans)
A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. LIC stands for Life Insurance Corporation of India. The main difference between a bank and LIC is the fact that LIC is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers (However, LIC does provide home loans)
A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. LIC stands for Life Insurance Corporation of India. The main difference between a bank and LIC is the fact that LIC is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers (However, LIC does provide home loans)
You have two ways:By reveiwing your quarterly ULIP statement that will be sent to you by either email or by regular postBy using the online website of the ULIP house if you have a login/password
Yes, its true. Bajaj Allianz has many ULIP products
Unit-linked insurance plan.
LIC - Less industrialized country
No, Lic policies have shown much growth in 2011. For more information on Lic agent and The commission of Lic agent Visit: Authorized<a href="http://thelicagent.in/"> Lic Agent</a>