How Can You Grow Money With the Help of Insurance?
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Table of Contents
Unit-Linked Insurance Plan
Unit-Linked Investment
What Happens When you Invest In A ULIP?
What Happens After You Select A Fund?
Insurance Plan
Here are some important things to know about death benefits:
How Can A ULIP Help Grow Your Wealth?
Now that you’ve understood how a ULIP works, let’s see how it can help grow your wealth.
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You can invest in high-risk, high-return assets like equity instruments if you have higher risk tolerance. Depending on how the market performs over the long term, the money you invest can grow significantly.
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The performance of a fund varies continuously with fluctuations in the stock market. Therefore, if you feel that your current fund is not giving expected returns and could cause losses or capital gain tax implications, you can move to another fund. By doing so, you can generate maximum returns and grow your wealth exponentially.
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Summing up!
About Author
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Disclaimer
ABSLI DigiShield Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
¹ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
2There are exclusions attached to the rider. Please refer to the brochure.
ADV/6/24-25/577
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