Unit Linked Insurance Plan (ULIP)

Unit Linked Insurance Plan (ULIP),

Unit Linked Insurance Plan (ULIP) Meanings:

  • Definition of Unit Linked Insurance Plan (ULIP): A unit-linked insurance plan (ULIP) is a versatile insurance product that combines insurance protection and investment risk into one offer. This product requires regular premium payments from policyholders, part of which is used for insurance coverage, while the rest is combined with the assets of other policyholders in stock and debt instruments as well as mutual funds. Is applied.

Literal Meanings of Unit Linked Insurance Plan (ULIP)

Unit:

Meanings of Unit:
  1. An object or person is considered unique and complete, but it can also be part of a larger or more complex whole.

  2. A device that has a specific function, especially one that is part of a complex mechanism.

  3. Quantity selected by default, after which other quantities may be announced.

Sentences of Unit
  1. A large plot of land consisting of small units.

  2. Gearbox and gear unit.

Synonyms of Unit

fragment, measurement, component, element, item, ingredient, member, part, module, piece, quantity, factor, section, constituent, subdivision, feature, value, denomination, portion, measure, segment

Linked:

Meanings of Linked:
  1. Create, create, or suggest associations with or in between.

  2. The relationship between two things or situations, especially when they affect each other.

  3. Ring or loop on the chain.

  4. A field lantern and trailer to light the way through the dark streets.

Sentences of Linked
  1. Rumors of her being linked to Judith.

  2. Commission to study the link between pollution and deforestation

  3. A chain made of steel links.

Synonyms of Linked

connect, connective, marry, bracket, wed, join, relatedness, association, ring, connection, associate, linkage, knot, loop, joint, connector, tie-up, relate, coupling, draw a connection between

Insurance:

Meanings of Insurance:
  1. Exercise or arrangement under which a company or government agency guarantees compensation for some loss, injury, illness or ■■■■■ in exchange for premium payments.

  2. Something that protects against possible emergencies.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Adherence to high standards of personal conduct is the best protection against personal problems.

Synonyms of Insurance

immunity, financial protection, security, precaution, surety, protection, safety measure, shelter, indemnity, preventive measure, safeguard, cover, provision, defence, indemnification

Plan:

Meanings of Plan:
  1. A plan or scheme (to make or create something)

  2. A detailed suggestion for doing or getting something.

  3. An intention or decision about what to do.

  4. A detailed map or outline.

Sentences of Plan
  1. They make gardens.

  2. I have no plans to retire.

Synonyms of Plan

make a representation of, programme, ploy, formula, system, project, aim, aspiration, develop, objective, proposition, organize, idea, goal, design, schedule, intent, outline, concoct, arrangement, fix up, make a map of, draft, plan of action, build, prepare

Unit Linked Insurance Plan (ULIP),

Unit Linked Insurance Plan (ULIP): What is the Meaning of Unit Linked Insurance Plan (ULIP)?

  • Unit Linked Insurance Plan (ULIP) can be defined as, Unit Linked Insurance Plan (ULIP) is a versatile insurance product that combines insurance coverage and investment risk in one package. The law requires policyholders to pay regular premiums, part of which is used for insurance coverage, while the rest is given to other policyholders who use ETS and then mutual funds such as stocks and bonds. I invest.

Literal Meanings of Unit Linked Insurance Plan (ULIP)

Unit:

Meanings of Unit:
  1. The quantity selected as the standard, against which other quantities can be expressed.

Synonyms of Unit

discrete item, whole, entity

Insurance:

Sentences of Insurance
  1. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of Insurance

(financial) protection, guarantee, backstop, warranty, assurance

Plan:

Meanings of Plan:
  1. Detailed maps or sketches.

  2. Decide in advance and make arrangements.

  3. Make a plan (make or make something)

Synonyms of Plan

slate, formulate, devise, ambition, foresee, target, procedure, excogitate, set up, shape, wish, means, plot, expect, envisage, draw up a plan of, choreograph, desire, tactic, make plans, mastermind, shift, plat, draw up a layout of, sketch out, mean, propose, way

Unit Linked Insurance Plan (ULIP),

Unit Linked Insurance Plan (ULIP):

  1. A unit-linked insurance plan (ULIP) is a multi-functional insurance contract that provides coverage and exposure to stocks or bonds. The law requires policyholders to contribute regularly. Part of the premium is for insurance coverage, the rest is managed by other policyholders and invested in stocks, bonds or a combination of both.

    • The insurance plan attached to the unit is UC, which offers a combination of insurance and investment.
    • ULIP policyholders have to pay premiums from time to time which includes insurance and investment coverage.
    • ULIP is often used to make a series of UTS available to recipients upon receipt.

Literal Meanings of Unit Linked Insurance Plan (ULIP)

Unit:

Meanings of Unit:
  1. An object or person that is considered unique and complete, but can also be part of a larger or more complex whole.

  2. Quantities selected as criteria, against which other quantities can be expressed.

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging on the back of the chair, protected from air conditioning ■■■■■

Plan:

Meanings of Plan:
  1. Decide and arrange in advance.

Synonyms of Plan

brew, scheme, orchestrate, ruse, purpose, intend, frame, recipe, tack, contrive, hatch, scenario, proposal, map out, strategy, cook up, suggestion, want, master plan, method, intention, make a drawing of, stratagem, agenda, think out