Life Insurance products, be it ULIPs or traditional endowment plans help inculcate a forced saving habit in you. Being long-term products, they ensure that you make a good amount of money that will help you to achieve your dreams. For traditional endowment plans, bonus declared by the insurer along with the regular premiums paid help in reaching the financial goal whereas market-linked returns offered under ULIPs help to create wealth for you.
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