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Unit Linked Insurance Plans or ULIPs can be utilized for various benefit payouts, including retirement, education, life insurance, and more. Read the post to explore its numerous other advantages.More info, visit : https://go2article.com/article/top-3-flexible-benefits-that-unit-linked-insurance-plans-offer/
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Top 3 Flexible Benefits that Unit Linked Insurance Plans Offer! Investments are no longer just about saving for a rainy day. People invest in getting the best possible returns on their investments to achieve their life goals and aspirations. Over the last few years, Unit-Linked Insurance Programs have emerged as a preferred choice of investment.
What is ULIP? Unite Linked Insurance Plan (ULIP) is a product offered by insurance companies that give investors both insurance and investment under a single integrated plan, unlike a pure insurance policy. • So before you decide to invest in ULIPs, it is essential to be clear about the many advantages that policyholders or investors can derive through ULIPs.
Benefits of ULIPs & 4 Good Reasons to Invest in it Below are some of the benefits offered by Unit Linked Insurance Policies (ULIPs) – • Offer flexibility • Offer transparency Encourage goal-based savings
3 Reasons You Should Invest in ULIPs – • ULIPs Offer Flexibility • Flexibility to choose your fund option: Most insurance plans come with a range of equity, debt, and balanced fund options to choose from. As a result, you can invest your money as per your financial needs and risk appetite. • ULIPs Offer Transparency • Benefit illustration: It is your right as a customer to ask for a sales benefit illustration. This will help you understand the usage of the premiums and the charges deducted during the policy term. This also informs on the possible growth based on the chosen premium. • ULIPs Encourage Goal-Based Savings • You need to save to achieve your life’s important goals, such as providing higher education to your children, ensuring a comfortable retirement, or buying a home. ULIPs are long-term systematic investments, which are one of the most practical ways to do so. Designed to address critical financial goals, they help you invest your money in a disciplined manner.
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