ULIP: Combining Insurance and Investment Benefits?
The annals of trading history reveal a remarkable journey, from traders gathering under trees to exchange physical shares, to the boisterous ring system where buying and selling echoed in a chaotic chorus. Today, the investment landscape has undergone an extraordinary transformation, introducing a plethora of financial products that cater to diverse needs.
Amid these offerings, the Unit Linked Investment Plan (ULIP) stands out, embodying the idea of “killing two birds with one stone.” Seamlessly merging insurance and investment, a buyer’s premium is adeptly allocated to both domains based on personal preferences. These investments span equity, debt, and balanced funds.