ULIP myths – demystified
With the number of investors having increased in recent years, people are always on the lookout for safer investment options. While market investments have always been the preferred choice, investors also want more apart from the investment. One financial instrument provides you the benefits of investment and insurance in the same policy: a ULIP insurance (unit linked insurance plan).
ULIPs have been around for a while now. However, there are still people who stay away from them due to many myths related to them. What are these myths related to ULIPs? How many of them are true? Read more to find out.
What is ULIP policy?
A unit linked insurance plan is a type of life insurance policy. You can enjoy the dual benefits of investment and insurance in the same policy. The premiums paid are u...