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What is  ULIP? What are its Benefits and Returns? - Nagpur Today : Nagpur News

What is  ULIP? What are its Benefits and Returns? - Nagpur Today : Nagpur News
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Simple Guide To Solve All Your Queries About ULIP

New To Insurance? Keep These 5 Things In Mind While Purchasing Life Insurance

23 Apr, 2021 - 06:12 PM IST     |     By indiantelevision.com Team     Nothing can be better than a happy and healthy family that supports you throughout your life in every possible way. And, to reciprocate the love and acre, you would want to keep them financially protected. This is where buying life insurance ensures financial protection for your family, when you are not around to take care of them.  Generally, life insurance is a contract between the insurance provider and the policyholder. Here, the insurance company provides an assured sum to the insured s family for the premiums paid over the years.  Image Source: Shutterstock

Parameters to consider before buying a ULIP

Parameters to consider before buying a ULIP In a world full of uncertainties, it is crucial to have a financial plan that could secure your future. This becomes even more important in light of the events of the last one year which saw over 2.7 million people across the world succumb to the deadly Covid-19 pandemic. [1] Closer home, India has also seen over 11 million infections already with almost 1.6 lakh reported deaths. To make things worse, the cases of Covid-19 are again on a rise. [2] In the kind of a world that we live in, it is crucial to have a financial plan that can not only secure you financially, but also protects your family if you are not around. While the latter could be secured by buying a life insurance policy, the former goal can be achieved by long-term wealth creation.

Traditional insurance plans better for risk-averse investors, say experts

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