What do you mean by ULIP? Enumerate the factors to be considered in selecting ULIP.
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Cost of ULIP: A ULIP has various costs like mortality, allocation charges, fund management charge etc. ... Since ULIP charges are adjusted against returns, be careful to choose a ULIP with low cost. For example, consider two plans, one with a total cost of 1.5% and another with a cost of 2.5%. On a premium amount of Rs.
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