Hands-on Investors
Many investors invest passively and look at their investments once in a while. However, few plans are designed for those who prefer to keep a close watch on their investment’s performance. The plan provides the flexibility of switching between funds, hands-on investors can track their market performance and make changes to their funds to get better returns.
With multiple fund options, investors have the chance to improve their investment if they feel that certain funds need it. Some plans also allow a limited number of free fund switches for the convenience of such investors.
Investors Across Different Life Stages
Investments are flexible enough to meet the needs of investors across different age groups. For example, someone who has just started their career and would like to build their wealth can start investing in a ULIP and also avail of a life cover to protect their family. On the other hand, a married individual with a family can choose a balance between their investment and the life cover it offers.
Depending on their life stage, one can always choose if they want to build their investment or increase the life cover.
People with Varying Risk Appetites
Offers a variety of options in debt, equity, and hybrid funds that cater to investors of all kinds. Aggressive investors and conservative investors can also choose the funds based on their risk appetite and the type of returns they seek. By keeping an eye on the historical Net Asset Value (NAV), an investor can find the plan they are looking for. In this way, investors with a high-risk appetite as well as risk-averse investors can find a plan that suits their needs while getting a life cover for their family.
Investors with Medium to Long-Term Investment Horizon
Investors who are looking for long-term investments tend to opt for these plans since this investment is better suited for medium to long-term goals. With a mandatory lock-in period of 5 years, this plan help investors prepare for their future financial goals that are planned out for a period of 5-10 years or more.
To find a suitable Plan, an investor should track the Net Asset Value (NAV), the equity-debt allocation as per their risk profile, and the total value of the fund.
A Young Working Professional
Investing during your earlier service years can help you handle more investment risk than in the later years. Therefore, find a suitable funds as per your risk appetite and medium to long-term investment goals.
Looking for Diversification
Investors keen to diversify their portfolio can add a Unit-Linked Insurance Plan to their investments that will not only help them earn market-linked returns but offer extensive life cover protection for their family’s financial security.
