A market-linked insurance product called a unit-linked insurance plan, or ULIP policy combines the finest aspects of insurance and investing into one. A ULIP insurance plan allows flexibility to invest in both stock and debt portfolios based on your risk tolerance and is tied to market results. A new generation prefers ULIPs because of the exciting aspect of market-linked returns combined with insurance. After deducting costs for fund management, policy administration, and the mortality charges for providing life insurance, the premiums you pay are invested in a fund of your…
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