ULIPs (Unit Linked Insurance Plans) combine insurance and investment. A portion of premiums provides life coverage, while the rest is invested in various funds. They offer flexibility, tax benefits^, and a unique approach to achieving financial goals.
When you invest in a ULIP plan, a part of your premium goes towards providing you with life insurance coverage, while the rest is invested in different large cap, mid cap, small cap and flexi cap funds of your choice. This makes ULIP plan a unique investment option that can help you achieve your financial goals while also protecting your loved ones in case of an unforeseen event.
You hold the power to select from a diverse range of options – be it equity, debt, or a mix of both funds.