ULIPs or Unit Linked Insurance Plans are essentially long term saving options since they have an initial five-year lock-in period.
Investing in a Unit Linked Insurance Plan (or ULIP) helps you provide financial aid to your family in times of need and secure a thriving future for them.
As an investor, there may be times when you might face financial difficulty in paying the premium under a ULIP.
Despite the numerous features and benefits offered by the ULIP plans, they are one of the most widely misunderstood financial instruments.
The simplest policy is a traditional term plan which offers life cover for a fixed number of years and nothing else.
Both plans give you the opportunity to get returns on your money, along with life cover.
While investment returns from ULIPs or Unit Linked Insurance Plans are usually significant for long-term investment periods, they may not be guaranteed.
Unit-linked insurance plans (or ULIPs) help channelize and maximize your savings over the long term.
Invest 4G (An Individual Linked Life Insurance cum Savings Plan, UIN – 136L064V02) is a dual benefit unit linked insurance plan (or ULIP) that provides both life insurance protection and savings benefits under the same policy
Invest 4G plan offers the dual benefits of life protection and maximal savings so that you have ample opportunities to fulfill your life goals.
Individuals aging between 35 to 40 years or older may often find themselves taking care of both their children and parents at the same time.