What are the few things one must verify before signing ULIP documents?
Answer
Answer
A ULIP or unit-linked insurance plan (ULIP) is a financial instrument and like all financial documents, one must verify the documents related to your ULIP for the following:
- All charges deductible under the policy
- Payment on premature surrender
- Features and benefits
- Limitations and exclusions
- Lapsation and its consequences
- Other disclosures