“I'd like to invest my money, but I don't want to take any unnecessary risks since markets are unpredictable.”
"Stocks are too hazardous for me; bank accounts are ok for me."
These are some of the most typical queries we all have in our mind when we think of equity investments. Yes, the stock market is volatile, and it is not for those afraid of taking risks. But conversely, debt choices are on the other end of the scale, and thankfully there are plans available in between these two extremes. So, if you are reluctant in taking big risks and still want a good investment plan that can help you invest your money in equity and debt, then ULIP is one of the most suitable option for you.
A unit linked insurance plan (ULIP) blends savings and protection into a single policy. It combines life insurance with market-linked wealth accumulation into one product in which the policyholder has the option of paying a monthly or annual premium.
Now questions that are likely to cross one’s minds are- how to invest in ULIPs? Why should I invest in ULIPs and not in other policies? Well, to answer all your questions, we have gathered some crucial information that might benefit you while you plan to invest in ULIP.