A Unit Linked Insurance Plan (ULIP) is a crucial investment product that can help one achieve their financial goals effectively and efficiently. It offers the policyholder the power to simultaneously invest their funds in various assets while providing protection against any unforeseen adverse event. The premium you pay in a ULIP is divided into two parts: a portion goes toward life insurance, whereas the other part is invested in the markets, depending on your risk appetite.
Let us understand in detail how ULIPs help you grow your money in the long run.
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