A ULIP plan, or a Unit Linked Insurance Plan, is a newer way for investors to diversify their portfolios today. In a ULIP, investors get to link insurance plans in a structure that acts similar to a mutual fund.
‘An early bird catches the worm’ is an old yet relevant saying for ULIP investment plan 2019. In actual sense, it means the early an individual starts something, the more advantages he/she gets and when we consider this phrase for investment plans, it proves to be true as well. The earlier you start investing, the more time you give to your invested money to grow. Therefore, the early you start investing for your life goals, the more benefits you will achieve from your investment.
Gene Perret, the famous comedy writer, once written about retirement, â€œitâ€™s nice to get out of the rat race, but you have to get along with less cheese.â€ Almost everyone looks forward to that time when they can live a worry-free life, away from the hustle and bustle of office life. On one hand, retirement gives ample time to enjoy the rest of the life; it also compels you to think: How to finance your needs?