Unit-linked insurance plans (Ulips) offer a lot to the careful planner. These plans inculcate savings discipline and provide decent returns, making them ideal investments for a long-term investor. Apart from good returns, you also get life insurance, which accounts for the popularity of these products.
GET AN EARLY START
The simple rule to ensuring good returns out of a quality financial instrument is to start investing in the product early. In the case of Ulips, long-term investing has been packaged into product design.
ADVANTAGE UPFRONT COSTS
Collecting most charges upfront means that expenditure on managing the product is recovered early on. The benefits from lower fund management costs or regular loyalty additions.
The front-ended charge structure benefits investors. Back-ended products typically boast low entry charges and higher fund management fees, and so provide lower yields compared to Ulips.
ALL THIS AND PROTECTION TOO
Protection is an inherent benefit of Ulips. It is important for us to realise that insurance is a necessary financial tool to secure financial freedom for the family.
MAKE THE BEST OF ULIPS
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