This is a market-linked product and the very best of investment and insurance. ULIPs are best classified on the basis of the purpose they serve. ULIP for Retirement, ULIP for Wealth creation, ULIP for Children Education, ULIP for Health Benefits. ULIP is among the most productive option to choose for investment. In ULIP, your money is invested in the stock market, which gives returns and provides coverages for any risks in the policy period.
Some Benefits in ULIP Investment
- In Cover option
- Premium payable
- Rider option
- Tax Benefit
- Fund switching
- Lot features and coverages
ULIP Charges
- Premium Allocation Charge
- Policy Administrative Charge
- Surrender Charge
- Mortality Charge
- Fund Management Charge
- Fund Switching Charge
- Discontinuance Charge
In ULIP Investment, you should very careful in how the fund has performed in past years. Compare this product to different insurance companies. In premium payable, scheme performance, facilities, and more. You should know charges on entry and exit of the policy. Keep your focus on the investment goals.
