Why unit-linked insurance plan should be in your investment portfolio
ULIPs fulfil your need for both investment and protection. Apart from investing in market linked funds, ULIPs primarily provide life cover ensuring a greater scope for the family of insured. This means family gets financial compensation in case of sudden death of the insured person. Some investors may argue that extent of Life cover available in ULIPs is not as high as may be provided by term insurance plans, but the fact that it ensures a cover in times of sudden death cannot be ignored.