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These are the factors to consider before choosing a plan

One needs to analyse if this product is suited for him/her and what are the priorities besides the nuances of the ULIPs per se.

ULIPs are worthwhile if the investment horizon is greater than 10 years, but they are not recommended if the investment horizon is shorter, say 3-5 years.

ULIPs are best suited for individuals with a long term financial plan of wealth creation and insurance.

Before making a decision to invest in any of the financial products, be clear about what you want to achieve from your money.

Whether it is for retirement, children’s education or for other financial goals, a ULIP continued till maturity works as an advantage. 

ULIPs are not suited for short term investment or those who are looking for guaranteed returns.

ULIPs are suitable for every age group. So, young professionals can create long term wealth and accumulated amounts can be used for life goals.

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