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?

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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?

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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?

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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.

Disclaimer

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  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

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