ULIP stands for Unit Linked Insurance Policies. A percentage of money you give as premium is invested in the equity market. So the returns could be more than the conventional insurance policies but has more risks. They merge insurance and market linked investments into a single product. It has a locked in period of 3 years. After 3 years you can chose to close the policy. You can get tax benefits by investing in ULIP.
Few questions arise for which I am not sure of the answer...
> If I already have an insurance policy why should I go for another ULIP? Won't I get better returns if I invest it in a mutual fund rather than in ULIP?
>I think ULIP takes more than 3 years to start showing good profit. Is it not better then to invest in a mutual fund?
I think if you are sure to continue the ULIP for its full term then you will be benefited otherwise it is better to invest in a mutual fund.
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- Anusha
- The information in this blog is collected from family,friends, internet ,magazines and newspapers. My intention is to collect all these useful information and put it in one place so that all who visit this blog are benefited by it.If you want to share any such thoughts or information... u are most welcome.
2 comments:
While reading your blog, I happened to click on one ad that caught my attention. The link is http://fidelity.intentias.com/index.html?partner=id8&cat=DadSon&event=msp&src=SEM&det=5,fid,,Search,Google&gclid=CKKQ8oLF15MCFQvFbwodUFfQZQ
I think this must be a ULIP type plan, or a SIP type plan. Am I correct?
Prahalad.. It is a SIP type plan
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