Investment Plans (ULIP’s)
ULIPs are life insurance investment plans. They provide you with Risk Coverage in form of life cover so that your loved ones are financially secure. They also invest your money and you can get excellent returns. You can also avail Tax Benefits under Section 80C and 10(10D) of the Income Tax Act, 1961. As per current tax laws*, the premium paid is deductible from taxable income for maximum amount of Rs 100,000. Read More..
Demand for pension plans has been increasing in India in recent times. These pension plans are very much useful for financial security during golden years of retirement. The importance of pension plans from insurance companies is being realized because of the constant inflation that we are experiencing. One cannot perceive the amount of inflation in the next 20 years or 30 years. So, in order that a person should enjoy a constant life style, then he/she must save in pension plans. Read More..
Life insurance Ulips
A Life Insurance ULIP is a special type of insurance plan which offers both, protection for life and at the same time acts as an investment plan. ULIPs have been gaining popularity for their dual role acting as insurance policy and as investment plan simultaneously.
Life insurance ulip plans are particularly useful for people who want a financially secured future. These plans are also useful for those people who cannot afford both investment and insurance at the same time.