Finance
Why should you buy an ILP?
February 21, 2022
The Investment-Linked Policy (ILP) is an effective vehicle to tackle both your insurance and investment perfectly. It is especially useful if you have not bought a substantial Whole Life Policy. Here is why we think everyone should get a ILP:
1. Full insurance coverage, including Critical Illnesses and Personal Accident
2. Investment profits bring you an assured and dignified retirement
3. Rising costs of insurance is covered by your investment, so you need not pay extra out of your pocket. This gives you a commitment plan that does not rise with time.
4. You consolidate one sum of money into one plan, saving you the hassle of paying several sums of money for different purposes.
5. Allows you to withdraw money in time of need, so you would never fall into debt
