Regular investment for a longer period of time enables you to accumulate savings and help you to fulfill your big dreams like buying your own house, sending your children for good higher education, etc. However, if this is sounding difficult to you, then opting for the simplest investment solution like Unit Linked Insurance Plan (ULIP) is recommended.
ULIP is a product that is offered by insurance companies but is not purely an insurance policy. However, it gives you the option of both investment and insurance under one integrated plan. In this way, a goal based ULIP not only offers life cover to your family and you, but also helps you to build a substantial corpus for fulfilling your life goals. So, the ULIP plan taken by you invests your money in the stock market via a mix of balanced, equity, and growth schemes.