Know more about the ULIPs: [ Ссылка ]

ULIPs are known to be as Unit Linked Investments Plans and it can be very much beneficial and useful for the perspective of saving a lot of money in the future. It is important for all of us to save the money and for a longer period of time.

Though the lock-in period of ULIPs is 5 years and after that you can take out all your money. But for safer side and for more good returns one should invest for a longer period of time. It can be for 10 years or 15 years and even more as per your desire.

People tend to invest in ULIPs because of majorly 2 things: Retirement Period and another one is the Child Marriage/ Child Education. And for this, we need to invest for a longer period of time to get better returns. If you will take out your money in 5 years then you will notice that you haven’t earned a great amount and better returns.

Check out the tax benefits of ULIP Plan: [ Ссылка ]

ULIPs are equivalent to Mutual Funds. Well, it is little bit different as compared to ULIPs. If you want to invest for a long –term then you ULIPs are best. It is the most efficient and trustworthy instrument. And long term means 10 years or 15 years. But if you feel that you won’t wait for long term and want to invest for 4-5 years then the Mutual Fund is the best option to go for.

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