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It is perfectly legal to buy and hold more than one life insurance policy. Your beneficiary can rightfully claim from all the life insurance policies you hold in the unfortunate event of your death. Multiple policies offer an extra level of protection that a single plan might not necessarily provide you.
The wealth-or-insurance dilemma simply boils down to this: both are important to an individual. Here’s why.
Mutual fund is a preferred investment tool today. However, there's been rising interest in a new financial product – ULIP. Here’s the difference between mutual fund and ULIP
The ‘ULIPs are costly’ belief is primarily a result of the high premium allocation and fund management charges that ULIPs charged in 2008. Everything you need to know about the product.
A ULIP is a long term investment that can yield high returns for investors, down the line. However, it is essential to monitor the performance of ULIPs throughout the term of the policy.
Did you think life insurance only provides financial support in case of an unfortunate event? Think again! It can save and grow your money too. Here’s how…
Loan against insurance policies is a good option in case funds are required in an emergency situation and can be a better alternative to a personal loan or a credit card loan or asking friends/relatives for financial help. But are they always a good idea?