Amongst the first movers in the online-zero premium allocation charges space, HDFC Life launched Click2Invest in 2014. For this Ulip, the policyholder only has to pay fund management and mortality charges. While many insurers pitch Ulips only for high networth individuals, this product comes with a minimum premium of ₹12,000 per annum or ₹1,000 per month, making it affordable for all, especially in the context of asset management companies promoting the idea of small, yet regular, investments through SIPs in mutual funds. However, unlike its newer competitors, it does not offer any additional benefits like return of mortality charges or fund boosters, though investors turned off by complications in the Ulip structure could see this as a positive. Simpler policies leave little scope for disappointment later as investors are more likely to be conversant with such products. Like other online Ulips, this product is also sold only through the digital platform, which calls for additional homework by the buyers. The potential policyholder has to be digitally and financially savvy enough to be able to navigate the process of evaluation and purchase.
SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
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