ULIP stands for unit linked insurance plans. ULIP is a blend of insurance and speculation. Here policyholder can pay a top notch month to month or every year. A little measure of the premium goes to secure extra security and rest of the cash is contributed simply like a shared reserve does. Policyholder continues contributing through the term of the strategy – 5,10 or 15 years and collects the units. Ulip plan offers financial specialists choices that put resources into value and obligation. A forceful speculator can pick value situated reserve choice while a preservationist one can run with obligation choice

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