Headline: "ULIPs – Wealth Creation Meets Life Protection" Overview: ULIPs combine the benefits of investment and insurance in a single plan. They help you grow your wealth through market-linked returns while providing life cover to secure your family’s future.
Key Features:
Dual benefit of investment and insurance.
Flexible premium payment options.
Tax benefits under Section 80C and 10(10D).
Why It’s Important: ULIPs are perfect for individuals looking to achieve long-term financial goals like buying a house or planning for children’s education while staying protected.
Benefits:
Market-linked returns for wealth growth.
Life cover for family security.
Customizable fund options.
FAQs:
1. Can I switch funds during the policy term? Yes, ULIPs allow fund switches as per your financial goals.
2. What is the lock-in period? Typically, 5 years.
