UTI has announced a bonus issue of 1:10 (1 unit for every 10 units held) under its Unit Linked Insurance Plan 1971 (ULIP 71). The record date for the same is July 25, 2002.
The entry load of 1.5% under the plan has also been removed. However, there is no change in its exit load. For the premature withdrawal before the 10/15 years, an exit load of 1.5% will continue to apply.