LIFE INSURANCE BASICS

ULIP BASICS

Some things work best in pairs. Unit-Linked Insurance Plans or ULIPs are one such thriving combination.

ULIPs are insurance policies that come with dual benefits- growth and protection. These plans come with the combined benefits of insurance and investment under one single plan.

There is a whole variety of ULIPs on offer. You can choose anything from Wealth creation ULIPs to Retirement Planning ULIPs, depending on your particular investment profile and desired portfolio.

Read on to explore and better understand Unit-Linked Insurance Plans.

It is a financial product that pays you or your dependants a sum of money either at maturity or upon your untimely death.

Term Insurance are protection plans which provide only life cover. These plans can help you get adequate cover at low cost.

Retirement Plans are Pension plans. These plan can help you build corpus for your retirement years.

Health Plans are designed to secure you and your family against expenses due to medical emergency.

Tax planning helps you smartly minimize the amount of income tax payable and hence have more savings

Financial planning is the means of meeting your life goals through proper management of your finances.