Sunday, February 21, 2010

ULIP fundamentals #1

What is a ULIP?Original definition by IRDA - ULIP =Unit Linked Insurance Policy. A ULIP is a life insurance policy which provides a combination of insurance and investment. My definition : It’s full of charges for policy holder and  a profit making policy for insured and loss making for policy holder.
How does ULIP work?Once you decide your premium,They decide your sum assured amount for

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