Partial Withdrawal
Frankwoods15 Sep, 2021Other
How Partial Withdrawal Works: Premium allocation: When you invest in a ULIP, a fixed premium needs to be paid. One part of the premium is for providing coverage and the other part is invested in various capital market funds. Withdrawal of funds: The part of premium that gets invested, gets divided into units, each with a specified value. In case of any emergencies, ULIPs allow you to redeem some of those units and withdraw money equivalent to those units.
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