ULIPs offer the benefits of both insurance and investment.
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ULIP allows investing in bonds and stocks.
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You can invest in mutual funds through SIP on a monthly, quarterly or yearly basis.
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Investing in SIP can start from as low as Rs 500.
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Death benefit is paid in ULIP
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Death benefit is not available in SIP
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In technical and financial management, ULIP is a good option.
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SIP does not provide double benefit.
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Fund management charges are 1.35% in ULIP and 2.50% in SIP
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