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Single Vs Regular Premium: Which ULIP Should you Buy?

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Single Vs Regular Premium: Which ULIP Should you Buy?

Most of the financial instruments that are used for investing money in the market get the money for these investments from the premium paid for them. Premium is basically the amount that you pay in order to enjoy the benefits of a product. So, instruments that allow investment use the premium for investing in funds. This applies to a ULIP policy as well. The premium paid for the policy is used for investment and insurance cover. Read on to know more about the different types of payment methods. 

What is a ULIP policy?

A unit linked insurance plan is a life insurance policy that has the dual benefit of investment and insurance under a single policy. The premium that the investor pays towards the policy is divided into two parts. One part is used for the provision of life insurance cover. The other part is used for investing in market-linked funds. You have the option of investing in equity funds, which carry a high-risk factor and give higher returns to the investor. Or you can invest in debt funds, which carry a low-risk factor and provide low-to-medium returns to the investor. The fund that you select should match your risk appetite and your life goal.

What are the types of premium payments?

When you invest in a ULIP policy, you will come across two ways of paying your ULIP premiums:

  1. Regular premium

A regular premium is where the policyholder has the option of paying the premium periodically. This can be done on a monthly, quarterly, or yearly basis. Based on your financial capability, you can opt for either of the payment methods that suit you the most. Do keep in mind that you need to be aware of the final date of premium payment. Usually, the premium amount is deducted automatically from your account on the due date. 

  1. Single premium

A single premium is where the policyholder makes a one-time premium payment. Essentially it means that a lump sum amount is paid for premium. This option is suitable for those who can allocate the money required for the premium without the prospect of any financial turmoil. In this, there is no need to keep a track of due dates or worry about fees related to the late payment of premium. 

Why is the premium important?

In ULIPs, to be able to enjoy the returns of your investments and to get life insurance cover, you require money. This money comes from premium payments. Not being able to pay for the policy will have severe ramifications on your policy. Firstly, you could end up losing the life insurance cover that is provided under the policy. This could leave your loved ones vulnerable from the expenses related to life risks.

Secondly, your wealth will not grow as there will be fresh investments made in the funds. The returns that you have gained on your investments will be the benefit you can enjoy. If you do not pay the premium, your insurer will give you a grace period. If you fail to pay premium during this grace period, the insurer will start charging you discountenance fees. These fees will be deducted from your fund value. Upon the completion of the lock-in period of 5 years, your insurer will pay you the accumulated amount after deducting all the necessary charges from the fund value. 

Which premium option should you go for?

Whether to go for a regular premium or single premium depends on one factor: your wealth. If you are earning substantially enough to not get impacted by a single payment of a huge amount of money, then you should go for the single payment option. However, if you happen to be the only earner in your family with dependents relying on your income, you should opt for the regular premium payment method. If you cannot pay on a monthly basis, you can save enough for quarterly payment. The payment option should be such that it should not create a financial burden for you.

These are the types of premium payments for ULIPs. Do remember that premium payments for ULIPs are eligible for tax exemption under Section 80C of the Income Tax Act.

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Lodha Aurum Elitis Tower, Kanjurmarg East, Mumbai: Opening Time, Location and Connectivity

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Lodha Aurum Elitis Tower

Lodha Aurum Elitis Tower, located at Kanjurmarg East Mumbai It is one of the high-end residential development developed by the highly regarded Lodha Group. The development is planned to blend comfort, luxury, and convenience, addressing the demands of urban inhabitants.

Lodha Aurum Elitis comprises well-designed 2 and 3 BHK homes that range in size between 1015 and 1431 sq. feet. The development was officially launched in October 2009and possession beginning in May 2013. The development is comprised of two towers and houses the 144 units.

Facilities as well as Amenities:

The community offers a wide range of amenities that aim to improve the quality of life of the residents

  • Exercise and recreation A gym that is well-equipped as well as a swimming pool and areas specifically designed for sporting activities.

  • children’s play Area: Safe and fun play areas for children.

  • sports facilities: Court for tennis, squash court, cricket pitch skate arena, aerobics area tennis court, basketball court and a jogging & cycling track.

  • Golf Course for golfers this project has the golf course as a separate.

  • Power Backup Providing uninterrupted electricity to every unit as well as common areas.

  • RO Water System: Provision of safe and clean drinking water.

  • Security Security services that are available 24/7 with surveillance via CCTV to guarantee the security of residents.

The facilities are designed to offer an overall living experience, accommodating the various demands of the residents.

Locativity and Connection

Strategically situated strategically in Nehru Nagar, Kanjurmarg East This project has an excellent connection:

  • Transportation Close proximity to important highways and public transport facilities makes it easy to travel to various areas of Mumbai.

  • Education Institutions Reputable schools, colleges and universities are situated nearby and are ideal for families with children.

  • Hospitals: Health clinics as well as hospitals within the area offer prompt medical aid.

  • Shop and entertainment: Malls, supermarkets restaurants, as well as entertainment centers are all easily accessible, increasing the ease for residents.

The location is strategically chosen to ensure that residents can access all necessary services in their reach, adding to a relaxing and convenient living.

The pros and cons

Residents’ feedback and the prospective buyers highlights a number of advantages as well as concerns:

Pros:

  • Modern amenities: The wide range of facilities meets a variety demands of life, and encourages healthy and active living.

  • Strategic Localization: Excellent connectivity and close proximity to services essential to life make it an ideal place to reside.

  • Qualitative Construction This project is a reflection of the commitment of the Lodha Group to excellence and quality in construction.

Cons:

  • Pricing Point Pricing that is higher might be an issue for buyers with a tight budget.

  • Occupancy Levels Potential buyers have expressed concerns about the occupancy rate within the complex.

It’s recommended for customers to go on the website and talk to current residents to get an extensive comprehension of the experience.

Summary Table

Aspect Details
Address Nehru Nagar, Kanjurmarg East, Central Mumbai Suburbs, Mumbai
Configurations 2 – and 3- BHK homes with sizes ranging between 1015 and 1431 sq.ft.
Amenities Swimming pool, Gymnasium with children’s play areas, the tennis court, the cricket field, skating rink, squash court with aerobics area basketball court cycling track and jogging track the golf course has power backup RO water supply system 24 hours security, CCTV monitoring
Possession Date May 2013
Nearby Facilities Health facilities, educational institutions and shopping centers, restaurants and entertainment hubs
Pros Modern facilities, strategic location, top-quality construction
Cons Concerns about premium pricing, occupancy levels

In the end, Lodha Aurum Elitis Tower located in Kanjurmarg East provides a lavish and well-connected lifestyle that is equipped with the latest facilities and amenities. Although the price is high, it reflect the high-end benefits of the location and quality buyers are advised to consider their needs and conduct extensive due diligence prior to making a choice.

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Lodha Supremus 2 Tower, Thane, Maharashtra: Opening Time, Location and Connectivity

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Lodha Supremus 2 Tower

Lodha Supremus II, situated inside the Wagle Industrial Estate of Thane, Maharashtra, is a notable commercial development of the Lodha Group. This office building of Grade A is built to meet the requirements of businesses in today’s times with state-of-the-art facilities as well as strategically connected.

Project Overview:

The project was completed in 2015. Lodha Supremus 2 spans approximately 1 acre. It has a total area of approximately 350,000 square feet. It is spread over a basement, a ground floor, and nine more floors. Each floor has a large space of approximately 35,000 square feet. This provides the flexibility needed for businesses of different size.

Amenities and Facilities Amenities:

The building is fitted with modern features to create a pleasant work environment.

  • LeED Gold Certificate: Demonstrating a commitment to sustainability in the environment and efficiency in energy use.

  • 24/7 Security via CCTV surveillance: Ensuring a safe and safe environment for all those who use it.

  • BMS: Building Management System (BMS): advanced systems for efficient facility management.

  • High Speed Elevators Facilitating efficient and quick movement in the building.

  • Parking for Visitors: Dedicated spaces to accommodate guests.

  • Power Backup Continuous power source to assure the continuity of business.

  • Emergency Fire Equipment Complete safety precautions in place.

  • Food Court: On-site dining choices for convenience.

All of these features create a contemporary and efficient workplace, which is aligned with the demands of modern business owners.

Lodha Supremus 2 Tower Address:

Wagle Industrial Estate, Thane West, Thane, Maharashtra 400604

Place and Connectivity

Strategically located strategically located on Road Number 22 in Wagle Industrial Estate, Thane West The building provides an excellent connection:

  • Transport Hubs are close by: Approximately 15 minutes from Mulund railway station, and only 50 meters away distance from Tata Motors bus stop, which makes it convenient for commuters to travel.

  • Access to major Highways: Close to both the Eastern Express Highway and Ghodbunder Road offering seamless connectivity to different regions of Mumbai and surrounding regions.

  • Nearby Amenities The surrounding area includes numerous eateries, shopping centers hotels, restaurants, and IT companies, increasing the ease of life for both businesses and their employees.

Operating Hours:

While the specific operating hours are for Lodha Supremus 2 aren’t specifically stated commercial office buildings are typically operating from early morning to late into the evening. Visitors and tenants should confirm the exact times with the individual business or with the building’s management.

Review: Pros and Cons as reported in Reviews:

Feedback from visitors and residents gives insight into the strengths and weaknesses

Pros:

  • Contemporary Infrastructure The tenants appreciate the modern designs and the latest equipment that can meet the requirements of modern-day businesses.

  • Strategic location: The prime location in the Wagle Industrial Estate offers excellent connectivity as well as access to skilled workers.

  • Complete Amenities Facilities like ample parking spaces and a modern infrastructure can enhance the overall experiences for the employees.

Cons:

  • Occupancy Levels There are some reviews that indicate that certain areas within the complex are occupied at lower rates, which could influence the energy of the area.

  • Maintenance Concerns Some of the residents have complained about issues with the upkeep in common spaces, indicating that there is a need to improve upkeep.

In the end, Lodha Supremus 2 in Thane is an outstanding commercial property offering contemporary offices with top-of-the line amenities. The strategic location and extensive amenities make it a desirable choice for businesses looking to secure an elegant address in Mumbai. Mumbai Metropolitan Region.

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Ambience Corporate Tower II, Sector 24, Gurugram: Opening Time, Location and Connectivity

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Ambience Corporate Tower II

Ambience Corporate Tower 2, situated within Sector 24, Gurugram, is a well-known Grade A commercial building built in the Ambience Group. Strategically located just off National Highway 8 (NH-8) close to the border between Delhi and Gurugram This tower features modern offices with top-of-the-line facilities that make it an appealing choice for companies seeking an elegant address in the National Capital Region (NCR).

Project Overview:

The Ambience Corporate Tower II was completed in 2015. Corporate Tower II measures 13 stories tall and covers the total area of 1,152,883 square feet and each floor boasts an average of 88,683 square feet space. The structure forms part of the Ambience Island development, and also includes the well-known Ambience Mall along with The Leela Ambience Hotel, offering a unified setting for shopping, business and entertainment.

Amenities and Facilities Amenities:

Built to meet the demands of modern businesses, Ambience Corporate Tower II has a variety of facilities and amenities:

  • High-Speed Elevators It ensures speedy and efficient vertical mobility in the vicinity of the.

  • Centrally air-conditioned: Creates a pleasant working space all year round.

  • 24 Hour Power Backup: Power supply that is uninterrupted to ensure the continuity of your business.

  • Advanced Security Systems: equipped with CCTV surveillance and security personnel to ensure greater security.

  • Ample Space for Parking Space: Three levels of parking in the basement to accommodate visitors and tenants.

  • Luxury Lift Lobby Lift lobbies that are air-conditioned and have a an exterior designed to maximize sunlight.

  • Close proximity of Amenities: Adjacent to The Leela Ambience Hotel and Ambience Mall with eating shopping, leisure, and dining choices.

Address:

  • Ambience Corporate Tower II, Ambience Island, NH-8, Sector 24, Gurugram, Haryana 122002

Locativity and Connection

The tower’s strategically placed location provides an excellent connection:

  • The proximity of IGI Airport: Approximately 10 minutes drive from Indira Gandhi International Airport making it convenient transportation for business professionals.

  • Metro Accessibility Metro stations are around 1.2 kilometers away, offering an easy connection for Metro Delhi. Delhi Metro network.

  • Road connectivity: It is located on NH-8 it offers continuous connectivity with Central as well as South Delhi via a 16-lane expressway.

Operating Hours:

Although specific hours of operation of Ambience Corporate Tower II are not explicitly specified commercial office buildings within the region generally operate from early morning to late into the evening. Visitors and tenants should confirm exact times with the individual business or the building’s management.

The pros and cons as reported in Reviews:

Feedback from visitors and occupants gives insight into the strengths and weaknesses

Pros:

  • modern infrastructure: The tenants appreciate the modern designs and the latest equipment that can meet the needs of modern business.

  • Strategic Place: The prime location on NH-8 provides excellent connectivity and a connection to a highly skilled workforce.

  • Complete Amenities Facilities such as plenty of parking, as well as the latest technology infrastructure improve the overall experiences for the employees.

Cons:

  • Occupancy Levels Certain reviews suggest that some areas within the complex are occupied at lower rates, which could influence the quality of the surrounding.

  • Maintenance Concerns Some of the residents have expressed concerns about the upkeep in common spaces, indicating the need for better maintenance.

In the end, Ambience Corporate Tower II located in Sector 24 Gurugram is an important landmark for commercial development, providing modern office space and amenities designed to meet modern demands of business. Tenants who are interested in leasing should look at both the benefits highlighted and areas of improvement when making lease choices.

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