ULIP or Unit Linked Insurance Plan is an insurance plan that combines the benefit of insurance and market investment.

Out of the premium paid, one part is contributed towards life cover, whereas the other part is invested in funds which may be an equity fund, debt fund or a combination fund, as per the investor's risk appetite. Investors can also switch among the fund combinations, during the policy tenure. There are top up options to invest surplus funds as well as partial withdrawals in times of need, during the policy tenure.

The ULIP plan offers various tax benefits like tax deductible premium payments, tax free fund switches, tax free maturity benefits, tax free partial withdrawals, tax deductible top up investments etc.

Know your insurance plans well, and be Fintelligently insured.

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