ULIPs are a popular financial instrument that come with two-pronged benefits of insurance and investment. ULIPs can fulfill the two financial goals of financial protection for one’s family as well as wealth creation.
However, it is important to ensure that a ULIP fits into your investment strategy before you make it a part of your financial portfolio. However, to make the most of your ULIPs investment, you need to take care to avoid certain errors that might hamper your ability to maximize benefits.
Here are some common errors to avoid when purchasing a ULIP:
ULIPs are an alternative investment option that you can utilize as per your needs to create wealth for the long term. The Invest 4G Plan from Canara HSBC Oriental Bank of Commerce offers different portfolio strategies and fund choices to help you customize your policy as per your needs. Not only this, you can choose from death benefit options as well as switch and redirect funds to benefit from movements in the market.
So whether you are looking to fund your children’s education abroad, save for your retirement or fulfill any other long term goals that you may have, ULIPs can help you achieve them with ease.