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A risk and return analysis of selected unit linked insurance plans of selected public and private sector insurance companies

Listed author(s):
  • Anand Bansal
  • Amarjeet Kaur
Registered author(s):

    One innovation, which stormed Indian life insurance market, was the introduction of the unit linked insurance plans (ULIPs). ULIPs impart the advantage of killing two birds with one stone as it contains insurance component which provides financial security to the family in case of death of the policy holder and its investment component delivers returns along with flexibility and transparency of the investment. In this paper, an attempt has been made to compare the performance of ULIPs of Indian life insurance companies after consideration of two major factors, i.e., risk and return. Statistical measures such as internal rate of return (XIRR) for irregular cash flows, beta, R-square have been used to evaluate the performance of ULIPs from different aspects. Return of ULIPs has been calculated by including and excluding charges as these charges affect the return of ULIPs substantially. The study is analytical and descriptive in nature.

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    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Economics and Business Research.

    Volume (Year): 11 (2016)
    Issue (Month): 1 ()
    Pages: 83-99

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    Handle: RePEc:ids:ijecbr:v:11:y:2016:i:1:p:83-99
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    1. Roman Inderst & Marco Ottaviani, 2009. "Misselling through Agents," American Economic Review, American Economic Association, vol. 99(3), pages 883-908, June.
    2. Krausz, Miriam & Paroush, Jacob, 2002. "Financial advising in the presence of conflict of interests," Journal of Economics and Business, Elsevier, vol. 54(1), pages 55-71.
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