ULIP plan is a product offered by life insurance companies, which provides investors risk cover for the policyholder and investment options to invest in any qualified number of investments such as bonds, stocks or mutual funds. It is a single integrated plan in which the protection part and the investment part can be achieved according to specific choices and needs. The investments made in ULIP plans in India are risks associated with capital market. Investment choice should be made carefully after considering the risks, as the risks are borne by the policyholder. Another important thing that needs to be considered is the need for funds in the future. The ULIP plans can be used for variety of insurance products such as health, retirement planning, child’s education, marriage or other investment purposes. Advantages of ULIP plans are market linked returns, life protection, investment, savings, and flexibility.
(more…)
Be the first to like.