How to monitor ULIP after purchase
A ULIP (Unit Linked Investment Plan) is the most advanced life insurance policy in the market today. It offers the great mix of life insurance and growth of investment through market linked securities in one single plan. However, the investment option available in a ULIP is not always understood by the investor or fully utilised. This can hamper the effectiveness of the plan and may not offer you the expected return or the return which it is capable of generating from the market-linked investments. Hence, it is essential to monitor ULIP after purchase. This article will guide you to know how you can effectively monitor your ULIP plan to gain maximum outcome from it. To monitor the ULIP plan effectively, we will need to analyse the factors that influence the plans and then act on it accordingly to gain maximum output from them. Market risks In ULIP, part of the investment goes towards funds which are invested directly in the stock market. As we all know market conditions are ...