Unit-Linked Insurance Plans (ULIPs) offer you a variety of features and benefits that no other single financial instrument does. Most ULIPs are rich in features such as top up, switch between funds, increase or decrease the protection level during the term of the policy, cover continuance option, surrender options & range of riders which can be attached to the main policy to provide you added protection. As with all other products, the exact features of a Unit Linked Insurance Policy differ from one product to another.
You should always insist on seeing the brochure so that you can make right choices of ULIP to secure your goals – be it retirement planning, planning for your children’s education, or wealth creation.
