Is Investment in ULIP best for Goal-Oriented People?

 Is investment in ULIP best for Goal-Oriented People?

A ULIP plan is an insurance plan with an investment element that helps you build up a corpus for your future. A ULIP policy can be used for a number of reasons ranging from travel, retirement, home renovation or purchase, child’s higher education, marriage, and more. This is one of the reasons why ULIP insurance is considered apt for goal-based investments. Not only does it offer features that help multiply your money, but it also offers additional advantages, such as ULIP taxation benefits, life cover and financial protection to your loved ones, among other things.