Except the insurance part, any insurance product including is never a good proposition primarily because of reasons mentioned like, liquidity, lower returns, higher expense charges, low flexibility and so on.
Yes, if Insurance companies make the charges comparable and make the Policy more attractive, it may be a good idea to go for ULIP.
Otherwise, the time tested formula : take one term insurance and invest balance in a good mutual fund scheme.
Fully agree Kamal Ji 🙂
Mutual fund definitely, at least they will not charge monthly charges like ULIP.
An informative article provided. Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. Unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan. ULIP is one of the effective plans to invest.
I have a money 50000 in 5years investment
5years investment the money how much amount will bi retun
Please elaborate your query. On the face of it , looks like it is an insurance product. As it comes with a five year lock in.
Except the insurance part, any insurance product including is never a good proposition primarily because of reasons mentioned like, liquidity, lower returns, higher expense charges, low flexibility and so on.
Yes, if Insurance companies make the charges comparable and make the Policy more attractive, it may be a good idea to go for ULIP.
Otherwise, the time tested formula : take one term insurance and invest balance in a good mutual fund scheme.
Fully agree Kamal Ji 🙂
Mutual fund definitely, at least they will not charge monthly charges like ULIP.
An informative article provided. Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. Unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan. ULIP is one of the effective plans to invest.
I have a money 50000 in 5years investment
5years investment the money how much amount will bi retun
Please elaborate your query. On the face of it , looks like it is an insurance product. As it comes with a five year lock in.