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Power of Compounding
The longer you remain invested, the higher your wealth accumulation, such as the power of compounding. By supporting early on in life, you facilitate your money to grow by accumulating savings for your long-term goals. Similarly, with ULIPs, you can enjoy the advantages of compounding. Even if you leave the policy after five years, what you get in ULIPs would be far higher than what you will get by simply saving that money in a bank account without investing anywhere. Over a longer period, the same money can create better returns with such plans than holding them in savings accounts or bank fixed deposits.
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