How to identify the best ULIP plan in India?
News 24
Investment plans are well-established universal assets, used across various income brackets. Owing to their simple structure and assured coverage amounts that fixate on supporting one’s future, many new prospective policyholders gravitate towards them. Insurance is another necessity that is integral for financial protection of one’s dependents and future in the face of unforeseen circumstances.
However, since the insurance market is replete with several plans to choose from, with additional features one can add the process of choosing one plan can become intimidating. Investors are often on the lookout for investment or insurance solutions that are well-rounded and serve many purposes with multiple benefits. A plan that can aid one’s investment and insurance is often preferred as maintaining these separately can be tedious. Therefore, in an effort to amalgamate these two essentials, investment providers introduced ULIP plans.