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Investment and insurance form the crux of the major decisions that have to be made by people at all times. What to insure and how much to insure are questions that occur to everybody as soon as they begin working, and investment is a whole different ball game altogether.
The importance of having a life insurance plan cannot be stressed enough, and if you are a single mother, its relevance is even higher. As a single mother, your entire life may be focused around decisions that will be the best for your children and will ensure their continued well-being even when you are no longer around.
While making investments or deciding on the best life insurance plan, it is necessary to thoroughly evaluate your options, compare them and then select the one which gives the best returns or coverage. However, for many individuals, opting for both a life insurance plan and having considerable investments can prove too heavy a financial burden. In such scenarios, the advantages offered by Unit Linked Insurance Plans (ULIPs) are especially pertinent, since these instruments bring together the best of both insurance and investment.
The benefits offered by ULIPs is especially prominent in plans such as the Invest4G Plan, offered by Canara HSBC Life Insurance, which enable you to enjoy maximum flexibility in terms of investment options and maximum coverage for your life. With this plan, you can choose from between 7 different funds to invest in and 4 different portfolio strategies which you can utilise for your best gains.
There are several reasons why ULIPs are considered the best plan for women, and especially, for single mothers. Read on to learn about its benefits that make it the best plan.
ULIPs are the best way to invest towards the future of your children. With plans such as the Invest4G Plan, offered by Canara HSBC Life Insurance, you can easily invest across 7 different funds and 4 strategies which enable you to garner maximum returns while also keeping your coverage intact.
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