Sentences with phrase «ulips as an investment option»
Given the kind of performance equities have provided in the recent past, considering ULIPs as an investment option becomes even more attractive.
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MYTH 6: ULIPs do not have health and accident cover Reality: Since ULIPs offer insurance cover along with investment, just like any other insurance plan it too has rider options such as Accidental Death Benefit (ADB), Waiver of Premium (WOP), Family Income Benefit, Hospital Cash Benefit (HCB), etc..
However, ULIP is an efficient financial tool that works as a good investment option, and also offers additional benefits.
Nowadays, we have several tax - saving options such as life insurance plans, PFs and PPFs, ULIPs, ELSS investments, and more.
ULIPs are considered as one of the best investment options due to following benefits:
ULIP is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
Unit Linked Insurance Plans or ULIP is an insurance product that offers both risk cover as well as investment options.
Now, ULIPS offer such benefits as automatic asset rebalancing, as per monthly investment option and life cycle of the investor.
As ULIPs are investment - cum - insurance plans, they are one of the most productive options to pick for your investment.
As per experts, combining a pure term life policy with investment such as mutual funds is a far better option than making an investment in an endowment policy or ULIPAs per experts, combining a pure term life policy with investment such as mutual funds is a far better option than making an investment in an endowment policy or ULIPas mutual funds is a far better option than making an investment in an endowment policy or ULIPs.