ULIP - Unit Linked Insurance Plans are the best Insurance cum investement product.
No wonder they are selling like hot cakes because of the advantages it provides to the individual. For example..
1. Provides life insurance cover
2. Good returns on investment
3. Facility to choose between the funds (like equity, balanced, debt, etc)
4. Tax savings
Till june 2006, ULIPs had huge entry load/fund management charge (upto 70 %).. But now lot of companies came up with new ULIP products which charge a mere 5% + Mortality charges.
Initially, it is very confusing to understand ULIPs but they are the most transperent products ever!.
There are ways you can invest in ULIPs and start getting returns within a month. These returns are not from ULIP itself but with other avenues. And these reutrns can grow upto 1 lakh per month!.
Contact me if you have any doubts on ULIP, I will try to answer them.
ulipinvestment@gmail.com
ulipinvestmet.blogspot.com
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