The ULIP is known as one of the most common instruments of investment which makes invested sum delightfully tax-free
SUD Life's e-Wealth Royale gives an option to choose from 8 funds ranging from blue-chip equity, mid-cap equity, dynamic growth plus to gilt fund.
All three insurance products have tax benefits under section 80C & 10D of Income Tax Act.
If you are one of those who stopped paying premium midway and now worried about what to do, insurance company have an option to revive lapsed policy.
You will earn loyalty benefits if you stay invested in ULIPs through the policy term. But there are no loyalty benefits applicable in ELSS.
Here we have listed a few things you should know before buying a Unit Linked Insurance Plan or Ulip.
While nothing can compensate for the emotional loss, it is wrong to assume that the absence of a non-working spouse will not affect finances
Unit Linked Insurance Plans and Systematic Investment Plans are popular investment avenues
If a 30-year-old invests Rs 30,000 quarterly in LIC's SIIP for 25 years, then on maturity the policy will return Rs 69.17 lakh assuming an 8% return
The deeper dive can give you a better understanding of ULIPs helping you make an informed decision and achieve your financial goals.