Month: September 2019

ULIP is a great way to start investing your money and getting substantial returns in the long run. There are multiple reasons as to why should I invest in ULIP. The premium is invested in 2 parts – the first part fulfils your life insurance needs, and the other part helps you grow your money.… Continue reading Brought A Wrong ULIP? Know-How to Cancel Your Policy and Get the Right One

Since their inception, Unit-Linked Insurance Plans (ULIP plans) have gone through a lot of upgrades and regulatory changes. The concept remains simple – ULIP is a dual-objective product, designed to fulfill the life insurance as well as investment needs of the policyholder. However, in its early days, it was not a popular product. It gained… Continue reading Why You Should Never Surrender Your ULIP during the 5-Year Lock-In Period

The basic idea behind buying a term insurance plan is to ensure the financial security of your loved ones when you are gone. Online term plans have inclusions for a ‘sum assured,’ which is a lump sum amount that a nominee gets upon the death of the policyholder. However, as compared to traditional life insurance… Continue reading 3 Reasons Why You Should Renew Your Term Insurance Plan Today

ULIP, i.e., United Linked Insurance Plans is a combination of insurance as well as investment. A policyholder can pay a premium monthly, annually, bi-yearly, etc. A minimal amount of this premium goes towards providing a life cover, and the remaining money is invested in funds such as equity or debt. You can spread your money… Continue reading Should You Buy A ULIP? Take This Little Test and Find Out