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Unit linked Insurance Plan (ULIP) is a two in one investment plan.

This insurance opportunity that allows an individual to realise two goals simultaneously. 

One can reap the benefits of a life insurance and investments with a single product.

ULIPs have a minimum lock-in period of five years.

When an individual invests in ULIP, he/she has to make an initial lump sum payment. 

The insurance company invests part of the payment made by the policyholder.

The portfolio chosen at the outset can be modified by paying extra switching charges.

Professional fund managers take care of the investments on behalf of the benefactors. 

“Fund management charges” are applicable for this service.

The remaining portion of the premium is dedicated towards providing an insurance cover.

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How does ULIP work?

In contrast to standard insurance coverage, a unit linked insurance plan is a two-in-one integrated plan that provides its investors with both insurance and investment benefits. They are suited for people with varying risk tolerances since they provide policies with varying risk profiles.

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How does ULIP work?

In contrast to standard insurance coverage, a unit linked insurance plan is a two-in-one integrated plan that provides its investors with both insurance and investment benefits. They are suited for people with varying risk tolerances since they provide policies with varying risk profiles.

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