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What is a ULIP?

ULIP stands for unit linked insurance plans. ULIP is a combination of insurance and investment. From a ULIP, the goal is to provide wealth creation along with life cover where the insurance company puts a portion of your investment towards life insurance and rest into a fund that is based on equity or debt or both and matches with your long-term goals. These goals could be retirement planning, children’s education or another important event you may wish to save for. Here policyholder can pay a premium monthly or annually. A small amount of the premium goes to secure life insurance and rest of the money is invested just like a mutual fund does. Policyholder goes on investing through the term of the policy – 5,10 or 15 years and accumulates the units. ULIP offers investors options that invest in equity and debt

Top 5 Reasons To Invest In This Smart Invesment Plans

Life cover
Maturity Benefit
Regular Guaranteed Returns
Cover for Covid-19 Death Claims
Tax Benefits u/s 80C & 10 (10D)