What is the difference between ULIP and Endowment plan?
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What is the difference between ULIP and Endowment plan?
Endowment carries a fixed garenteed benefit say SA + Bonus. But Ulips dont garentee anything. Assume you have a maturity of ulip plan and markets tanks badly, one loses all gains and charges are fixed immaterial of the fact the plan performs or not and additionally comes with risk cover.
Hope it clears!!
ULIP generally is market liked policy, where part of your premium is invested in the market to get better return. Eddownment premium money is invested in govt. securities.Quote:
Originally Posted by mahajan