What is ULIP Plan?
A Unit Linked Insurance Plan (ULIP) is an insurance product that allows you to invest in insurance and other sources to drive your investments in getting good returns. As best ULIP investment plans in India, the option to grow returns happens over both the above-mentioned ways, but under only one plan.
Investment Linked Plans
Investment-linked insurance policies (ILPs) have both investment and life insurance components. You pay the premiums, which are utilized to pay for units in ILP related sub-funds that you choose. The units you purchase can be sold for the payment of insurance and additional charges, while the rest remains invested.
ULIP plan offers insurance safeguard on total or permanent disability (TPD) if included, and death. You can compare ULIP plans on riskfreelife.com and buy the one that suits you the best.
- As per the LIP investment plans opted, the TPD or death benefit maybe higher than the sum assured or more than the value of all ILP units.
- In some cases, it may combine the sum assured along with the ILP units' value.
- The amount paid is based on the value of ILP units concerning the sub-fund during the particular period.
ULIP: Best ULIP Investments Plans in India
Many prefer LIP investment plans than other life insurance products, as the former provides a greater exposure to investments. But, you may want to check out additional life insurance products at riskfreelife.com and look at other insurance products customized for your requirements.