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ULIPs Plan
Buy all kind of Insurance Plans at a Single PlatformInvesting in Life to Insure it
About ULIPs Policy
ULIP policy is an integrated plan that is a blend of life insurance and investment. One portion of the policy is for the insurance component of the plan and other is for the investment component. This policy is meant for investment in funds of the investor’s choice that include equity, debt, hybrid, money market etc. It provides investment opportunities and tax deductions under section 80 C.
Why do You Need an ULIPs Policy
The ULIP policy is a mixture of investment and life insurance together. This helps to achieve the financial objectives that include constructing a substantial aggregation for the major milestones of the investor’s life. It provides the maximum returns and easy switching between funds and asset classes. ULIP’s is one of the best options for newbie investors who do not have knowledge of the market trends but wish to get attractive returns on their investments.
Benefits of ULIPs
Benefits
How to select the best ULIPs Policy
Before investing in any policy one should first decide the aim of the objectives and then should select a ULIP. One should be very definite about the investment and insurance objectives to get the maximum benefits from the investment.
It is one of the major factors that help you to select the ULIP policy. A younger person who has a higher appetite for risk can go in the plans which are more equity-focused. Those people to whom financial stability is the priority should opt a plan that mainly invests in the debt instruments and stability with limited returns.
Another factor that is to be taken under consideration while choosing a ULIP plan is flexibility. The flexibility is in two accounts: policy tenure flexibility and investment flexibility. Many of the policies are long term and before making the investment it is advised to the investor to analyze the investment horizon.
