Unit Linked Insurance Policies or ULIPs are a comprehensive financial tool that offers customers an element of protection from unforeseen circumstances and doubles as an investment product that provides flexibility to grow their wealth based on market conditions. In the recent budgetary proposal of removal of tax exemption on ULIPs maturity proceeds, various experts have been saying that continued investment through renewals in ULIPs remains a sound financial decision.
Key to long-term investing: ‘Time in the market’ more important than ‘timing the market’
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