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Understanding the Jargon: Demystifying Terminologies in Unit Linked Life Insurance Plans

When it comes to financial products, the world of insurance can often seem like a maze of complex terminologies. Unit Linked Life Insurance Plans (ULIPs) are no exception. With their unique features and benefits, ULIPs have gained popularity among investors. However, understanding the terminologies associated with ULIPs is crucial to make informed decisions. In this …