ULIP is Unit Linked Insurance Plans. This type of insurance plan offers a thigh bone taste of both the worlds, insurance and investments. Thus, when an individual invests in a unit-linked plan, the premium received is invested and after deducting charges a certain allocated portion of that amount is transferred to funds depending upon whether its equity-oriented securities or debt instruments or both due to which policyholders have the advantage of creating wealth as well guaranteeing their family financial safety.
Types of ULIP Funds
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Equity Funds
Equity funds are one of the most preferable types for those who aspire to fulfill high returns sheets over longer horizontals. These are the funds that should be considered by those investors with high tolerance of volatility for risk and maintain a long-term horizon.
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Debt Funds
Debt funds invest the premiums in fixed-income investments or sources, which include bonds, government securities, and money market instruments. These schemes are comparably low risk with respect to equity funds and offer moderate returns, thereby they are ideal for an investor who is looking out for stable returns but willing to take the minimum amount of risk. Debt Funds from PNB MetLife not only always offer you a regular income source but also may help in the preservation of your capital.
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Balanced Funds
Balanced funds, also known as hybrid funds, which mean investing in a cocktail of equities and debt instruments, offering the best of both worlds—growth options and stability—to an investor. The top funds for people who would like to invest in high return risk return ratio or appropriate for someone who wants a risk bucket along with capital growth. PNB MetLife offers a variety of well-crafted balanced funds that aim to deliver results in the long term while keeping risk in check.
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Pension Funds
Pension funds have been designed as a strategic financial mechanism, intended to allow people to create retirement corpus through investment in a mix of equity and debt instruments. They are designed in such a way that they focus more on the accumulation of wealth while one is still working and then securing it for when he retires. PNB MetLife’s retirement funds are meant to ensure a guaranteed lifestyle.
Investing in Unit Linked Insurance Plans (ULIPs) can assist in achieving your financial goals & also offers a life insurance cover for securing a better life. ULIP funds offered by PNB MetLife include equity, debt, balanced, and retirement funds for all types like all their funds suit different investors.