Know more about ULIP Plan: [ Ссылка ]

ULIPs have become quite popular and common related to ULIPs plans and policies. Now most of the people know about the product in a great way. And most of the people are considering the investments plans the most efficient and best way to secure their money and grow more out of the same.

Insurance companies reward you if you hold the investment for a longer duration." Surya Bhatia, Co-Founder & MD, The MoneyMile advises investors to invest for a period of at least 10 years or more in the New Age ULIPs to gain better returns.

There is a lot of buzz about the new age ULIPs. These forms of 4G ULIPs are better to understand and also we can buy it online in a very much convenient manner. The charges in the ULIPs plans are less and people can afford it easily.

Though the product is lacking behind because of nature of the product. It is basically for long term planning and not for the short-term planning. Ideally, the longer you hold the plan the insurance companies also starts rewarding you giving you the boosters, costing comes down as you get the allocation.

ULIPs have 5 year lock-in period and it depends on you that you want to run for the next 10-15 years or not. It will be advisable that you should run it for 10, 15 or 20 years so that you can get the better returns.

Also, the long term planning have some goals and if you will consider it for the longer period of time then it will resolve your long term goals too.

It would be good if you will start investing on ULIPs from an early age. It will be easy for you to get better and longer returns.

Check out the tax benefits of ULIPs: [ Ссылка ].

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