i have invested in sbi life child plan n ivesting 49000 per annum for las two year.. wana to knw diff between ULIP n SIP which one is better for 15 to 18 years
Re: regarding child plan
by satish nair on Aug 06, 2009 01:26 PM
Ulip is Unit linked insurance plan- it has more to do with the insurance angle where the investments are further invested in equity by the promoters of the ULIP. full allocation is never received i.e if you invest 1 lac, actually 70k gets invested in equity balance goes to pay agent commision. But in SIP(systematic investment plan), WHICH IS A BETTER OPTION OF THE TWO, your fund is systematically invested in equity or MF every month to average out the rate of the equity or MF.