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Clear AllLet's understand the various costs and charges associated with ULIPs and if there's any penalty for surrendering a ULIP after the lock-in period
Unit-linked insurance plans (ULIPs) have a lock-in period of five years. They are generally long-term contracts of at least 10 years or more. Irrespective of whatever duration one may have chosen while buying the policy, it is possible to close and surrender the policy midway.
This article was originally published on November 04, 2022.
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