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How Does ULIP Work?

How Does ULIP Work?

If you want to create wealth along with having an insurance cover,ULIPS Can Be your best bet.

What Are ULIPs

Unit Linked Insurance Plans(ULIP) is a special form of life insurance plan wherein the premium amount is used in two ways.

Some percentage of the money is used to provide insurance coverage,while the remaining is invested in debt or equity avenues to create wealth.

The investment avenues can be decided based on individual risk-appetities.

Benefits Of ULIPs

Returns And Protection
ULIPs provide protection as well as an opportunity to boost savings

ULIPs come with the options to choose between debts and equity funds, which can be adjusted during the tenure

Apart from insurance coverage, ULIPs offer the added advantage of generating income from investments and are ideally suited for medium and long-term investors

Speak to an insurance specialist now!

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