2 years, 7 months ago

ULIPs: Is it possible to maximize investment returns with right strategy?

Investing in equity can help you achieve the goal of long-term wealth creation. A ULIP gives you many benefits, right from a life cover and market-linked investments to tax benefits and several insurers even offer free fund switching. With the right investment strategy, you can maximize the benefits from your ULIP further and optimize the returns you earn over the policy term. You benefit from rupee cost averaging When you buy your ULIP with a lump sum premium, your investments will be made on the market price as of that date, whether higher or lower. Your redemption amount may increase In this pattern of investing, you not only invest systematically but also withdraw your corpus in small amounts, over a given period after the policy matures.

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