What are the Pros & Cons of Investing in ULIP?

What Are the Pros of Investing in ULIP?

What Are the Cons of Investing in ULIP?

7 Reasons for Investing in ULIP

Things to Keep in Mind When Investing in ULIP

FAQs on Pros & Cons of Investing in ULIP:

Is ULIP the right investment option?

ULIP is the right investment option if you are looking to get both insurance and investment. So, you must evaluate your financial goals before buying one.

What happens to ULIP after maturity?

Once the policyholder outlives the policy tenure, he or she receives the sum insured. However, if the policyholder dies, the nominee stands eligible to get the sum assured on producing the relevant papers.

Can ULIPs provide guaranteed returns?

No, the returns on the ULIP are not guaranteed. It depends on the money market fluctuations. On investing in equity funds over the long-term, you can get higher returns.