Who Should Buy a ULIP Plan?
Today, investment decisions may be challenging, and opting for insurance products is a confusing process. However, what if you can choose a plan that gives you life insurance cover and an investment option in one? This would be a suitable plan to allocate your funds to, right? A ULIP, or Unit Linked Insurance Plan, is just such a plan. It combines investment with insurance. A portion of the premium you pay goes into your insurance cover, and the rest is used to make market-linked investments. The life cover part may not need clarification, but you may be wondering what kinds of investments are made with the other funds you allocate to the plan.Read More