Reply To: Top-up Premium
Rishabh Surana
Anisha wrote:
RISHABH wrote:
It gives the flexibility to the policy holder to increase the value of investments over a long term .The premium allocation charge generally lies between the ranges of 1-3%.
I did not get you. Increase the value of investments? That means increasing the term of ULIP?
The term of the Ulip does not change ; it remains same . If the fund is performing well & u have spare money then you can invest according to the limits specified by the insurance co.
Maximum amount get invested since insurance cover does not increases (so charges are less ) and also u dont have to pay any extraa money over top up premium which u have to pay when u take an another policy .