An Analytical Study of Investors Perception Towards ULIP : A Study with Special Reference to Teaching Faculty in Jalgaon City

Prof.Prabodhan Patil; Prof.(Dr)Rakesh S. Patil; Prof.(Dr) Prashant Patil; Prof Jeevan Ahire

Volume : VII, Issue : XII, December - 2018

An Analytical Study of Investors Perception Towards ULIP : A Study with Special Reference to Teaching Faculty in Jalgaon City

Prof. Prabodhan Patil, Prof. Dr Rakesh S. Patil, Prof. Dr Prashant Patil, Prof Jeevan Ahire

Abstract :

ULIP is quite a new concept to Investors which is mainly designed to serve Investors as an Investment option as well as Insurance i.e risk cover and also to cover the lacuna of the traditional Insurance Policies . Many Investors are looking forward to make investment in ULIP and are preferring ULIP over the traditional Life Insurance Plans. ULIP is a costly product as far as it expenses are concerned. Policy holders must understand one fact that unlike traditional policies, entire investment risk of ULIP is borne by the policy holder. There are many features which have made ULIP attractive such as flexibility, transparency, liquidity and a vast variety of fund option. ULIP essentially combine the benefits of an insurance policy and a market–linked investment. Policy holders can select a ULIP with an equity–debt combination that is in line with their risk profile. Simply put, ULIP are structured in such a way that the protection element and the savings element are distinguishable, and hence managed according to your specific needs. This paper makes an attempt to identify various factors affecting perception of investors regarding investment in ULIP with special reference to Teaching fraternity in Jalgaon City . The findings will help ULIP companies to identify the areas required for improvement in order to create greater awareness among investors regarding investment in ULIP