04/11/2018
Life Insurance Investment Plans
Investment plans are financial products that provide the opportunity to create wealth for future. Life insurance products are often used as investment instruments. The advantage of investing through a life insurance plan is that it not only allows you to create wealth for future but also offers comprehensive life coverage at the same time.
Thease plan are essentially two types, Unit Linked Insurance Plans (ULIP), that provide returns based on market performance, and Traditional Endowment Plan that offer a lump sum or annuity payout at the end of the policy term when the life insurance policy matures. Thease types of saving scheme or investment offer life coverage and returns differ in their construct.