Things to keep in mind while getting a Unit Linked Insurance Plan

Read the following conversation to understand more about the benefits and risks involved in ULIPs

Some other things to keep in mind while getting a ULIP are:

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A Unit Linked Insurance Plan is both an investment as well as an insurance plan.
The insurance company reinvests a part of the premium you pay in the stock market.
Although you will get the benefits of the stock market without directly participating in it, there is some risk involved.
The premium for a ULIP may increase over a period of time.
You can get a ULIP online on the insurance company website or offline through an agent.
You will need your photographs, medical examination report, and documents for age, identity and address proof.

To find out how to settle a claim for ULIPs, read the next section