Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

What is Paid up Insurance Policy?

Best SIP Funds Online 

A paid-up Policy is one that requires no further premium payments and continues to provide benefits till maturity. 

A policy can be converted to a paid-up policy once it acquires a surrender value which is typically after 2-3 annual premiums are paid for traditional plans. For Ulips, there is a lock-in period of 5 years. 

Paid-up value is usually calculated as number of paid premiums X sum assured /total number of premiums. 

In case of a paid-up Ulip, the policy administration charges, mortality and fund management charges continue to be applicable and negatively impact the fund value. 

This is a useful option when one is stuck with an inappropriate product due to wrong selection and can be opted for instead of surrendering the policy to avail of a life cover. 

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300


You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

This post first appeared on Prajna Capital - An Investment Guide, please read the originial post: here

Share the post

What is Paid up Insurance Policy?


Subscribe to Prajna Capital - An Investment Guide

Get updates delivered right to your inbox!

Thank you for your subscription