ULIPs
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ULIPs
Post By Abhishek Singh
Read MoreWith all the talk and heavy marketing around mutual funds, it is easy to get carried away and begin investing in them. However, there is a superior wealth-making instrument in the market, namely Unit Linked Insurance Plans (ULIPs), which do much more and have fewer hidden costs.
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ULIPs
Post By Abhishek Singh
Read MoreUnit Linked Insurance Plans (in short ULIPs) is a combination of insurance and investment. They provide life cover for the insured individual along with the option of investing in qualified investments like stocks, bonds or government securities. Here, the insured individual would be asked to pay the premiums monthly, quarterly, semi-annually or annually. A portion of it would go into securing life insurance and the remaining gets invested into different qualified investments. Investors of ULIPs can usually adjust their fund preferences all through the duration of their investment, thus giving them the advantage of flexibility.
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ULIPs
Post By Abhishek Singh
Read MoreWhat is that one thing we salaried individuals look forward to every month? - An sms from the bank saying “you’re A/C number ending with xxxx has been credited with Rs. ####.” It’s an all too exciting feeling, but yes, you’ve now got to pay your bills. So what do you do after you’ve taken care of all your expenses? How do you manage what’s remaining? The wise thing to do is invest - invest to ensure a stress-free and successful financial life. Financial success is possible when you select the right investment at the right time.
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ULIPs vs Mutual Funds, Insurance Investments