A GOOD CHOICE TO MEET THE UNIQUE FINANCIAL NEEDS FOR GROWTH AND LIQUIDITY OF FUNDS
- 28-December-2019
- in: Life
Flexibility and convenience are two aspects that the youngsters look for day-day lives. Different insurance products are created to offer such conveniences of combining protection, savings and investments. Unit linked insurance plans or ulips are suitable for every stage of life and offered for ages from 90 days in some instances and all the way up to 50S. These are suitable for long-term wealth creation, which is a need at any age and stage of life.
Ulips can best be compared to a buffer where you can choose funds according to your choice and risk appetite. Contrary to the general belief, Ulips are designed for long term investment to enable better growth of funds. LIC’s New Endowment Plus is one such plan that one could consider. LIC is soon going to add more ulip plans in its product basket for its customers.
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