Unit linked plans are the best ways to invest in a savings account while also partially invest in market-linked returns.
Is this Insurance missing from your Financial plan?
ULIP or Unit Linked Insurance Plan offers risk cover and investment options to the insured person or the policyholder. The qualified investment parameters are stocks, mutual funds and bonds. The investment element of this insurance policy can be customized according to the person’s choices and needs and is considered as a single integrated plan.
ULIP Plan (ULIP). Few of them are listed below or Unit Linked Insurance plans offers tax benefits under Section 80C. Mortality charges, fund management charges, administration charges and premium allocation charges are the charges and costings included in this insurance plan.
An individual can choose a ULIP plan if they are looking out for benefits like investment, savings and life protection all in one.