October 25, 2019 6:50 am,
ULIPs are generally meant for long term investment options. So, considering the advantages of long term investment, it is always good to invest in ULIPs when the market is down or when there is some kind of recession.
ULIPs give you the benefit of market-linked returns along with insurance coverage and are good investment options for long term investors. Moreover, the recent market low or recession makes it an ideal time to invest in ULIPs as the NAVs are down. You would, therefore, be able to buy more units with your investments which would, with future growth, give you good returns.
If you are wondering whether it is good to buy ULIP policy in a recession or when the markets are down, then this article will surely help you out in this regard.
Let us see the advantages of buying ULIP policy in a recession
So, we can always be sure that investing in ULIPs during a recession is always a good option as it provides better returns, once the market is up. ULIPs are generally medium to long term investment horizon, the minimum tenure is 5 years. The stock markets will see a rise even after the worst falls. So, ULIPs are better long term investment options. Also, the policy benefits are completely Tax-free under section 10(10D).
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