Investment Plan
Since she is unaware of where to start from, an insurance advisor suggested she go for an ULIP, which is also the best investment plan considering her situation. Under this plan, Ms. Bose has to spend just around Rs. 1000, and she can enjoy dual benefits that include life coverage as well as decent returns on investment. As a result, she did not have to invest in a market policy and a life insurance separately, which would have been a hassle as well as a more expensive option for her.
Are you also seeking an insurance plan that is easy to manage and also gives you dual returns at low premiums? Just like Ms. Bose, you can also connect our advisor to get suggestions about how you can invest in a ULIP and enjoy its benefits in the long run.
Investment Plan
Ms. Bose from Kolkata is 27 years old, and has secured a good job just 1 year back. She is also the sole breadwinner of the family that consists of her mother and younger sister. While she is already successful in giving her family a good life, Ms. Bose now wants to make the right investments.
Are you also seeking an insurance plan that is easy to manage and also gives you dual returns at low premiums? Just like Ms. Bose, you can also connect our advisor to get suggestions about how you can invest in a ULIP and enjoy its benefits in the long run.
What is a Investment Plan?
A Unit Linked Insurance Plan, or ULIP, is the perfect amalgamation of life insurance benefits and investment returns under one roof. Under this plan, the policyholder can achieve financial goals by reaping market investment returns and providing support and protection to family members with life coverage benefits.
Wealth Creation
ULIP is the best option if your end goal is wealth creation. When you invest to reap market-linked returns, the policyholder can not only fulfil various long-term financial goals but also incur other significant expenses.
Planning your life after retirement is essential because we all want to live a decent life after working for many years. Under a ULIP, getting good returns and life coverage during a time when you won’t have any regular income source is possible.
Retirement
Types of ULIP Plans to Invest In
Children’s Education
Health Benefits
One of the best parts about ULIP returns is that the policyholder can use it to fund medical emergencies if needed. In fact, by applying for a suitable health rider, getting covered for any health emergency costs is possible.
Wealth Creation
expenses.
Children’s Education
Retirement
Health Benefits
Best Investment Plan for Maximum Financial Security
There are two ULIP solutions that you may choose from-
- The policyholder can start with an investment of a minimum amount of Rs.1000/month with the benefit of opting for loyalty additions that serve as investment boosters. This plan has many benefits, including tax exemptions, life coverage up to 80 years of age, option for loyalty additions, flexible premium terms, partial withdrawal options and more.
- You can opt for a plan that uses regular equity market investments to help you build wealth over a medium- to long-term period. You can create wealth and protect your finances with a comprehensive solution from various fund options and life insurance covered by the policy. Under this solution, Policyholders can enjoy tax benefits, increase loyalty, and get decent maturity and death benefits.
Why is choosing a ULIP solution a wise decision?
For policyholders, ULIP is the best investment plan and a win-win decision as they get the best returns and enjoy decent life coverage.
Best combo benefits
Under a ULIP plan, the policyholder is entitled to dual benefits which includes wealth creation as well as life coverage, too. Especially, if a person has low risk affinity who may not want to invest in life insurance separately, a ULIP is the best option.
Continuous savings
ULIP premium payments are an opportunity to make regular investments get returns once the policy matures.
Investment benefits
A ULIP solution is also a significant market investment tool with a mandatory lock-in period of 5 years, creating an opportunity for a long-term investment.
Guaranteed returns
If a policyholder survives the entire policy term, they will receive all the maturity benefits and in case of his demise, the beneficiary will receive the death benefit of the ULIP.
Tax and withdrawal benefits
Under this plan, the policyholder is eligible for deductions under Sections 80C and 10(10D) of the Income Tax Law 1961.
Why is Choosing a ULIP Solution a Wise Decision?
For policyholders, ULIP is the best investment plan and a win-win decision as they get the best returns and enjoy decent life coverage.
Best combo benefits
Under a ULIP plan, the policyholder is entitled to dual benefits which includes wealth creation as well as life coverage, too. Especially, if a person has low risk affinity who may not want to invest in life insurance separately, a ULIP is the best option.
Continuous savings
ULIP premium payments are an opportunity to make regular investments get returns once the policy matures.
Guaranteed returns
If a policyholder survives the entire policy term, they will receive all the maturity benefits and in case of his demise, the beneficiary will receive the death benefit of the ULIP.
Investment benefits
A ULIP solution is also a significant market investment tool with a mandatory lock-in period of 5 years, creating an opportunity for a long-term investment.
Tax and withdrawal benefits
Under this plan, the policyholder is eligible for deductions under Sections 80C and 10(10D) of the Income Tax Law 1961.
Which investor is eligible for a ULIP?
- One who is active, and likes to keep a watch over their investments regularly.
- Beginner investors who are just starting out in the market and don’t have a high risk appetite
- Investors who are aiming for medium and long-term returns
Additional eligibility criteria:
Age Requirement
18-year-old minimum and a 65-year-old maximum age cap that may differ based on the plan chosen
Income Bracket
Someone with regular income who can afford the minimum monthly premium
Long-Term Commitment
ULIPs are a long-term investment as they perform well. It is a way to benefit from market growth by remaining involved for a long time.
Risk Appetite
Because ULIPs are market-linked investments, investors are subject to changes in the market. So, being sure about your risk tolerance and financial goals is essential.
Frequently Asked Questions
01. What are the funds that ULIPs offer?
02. How do you calculate the maturity amount of your ULIP?
03. How do you choose the best ULIP?
Disclaimer :
The information provided here is for general informational purposes only. The names and terms of policies, as well as the rates and amounts of interests and premiums, are subject to change. It is advisable for customers to verify all details and consult with our advisors before making any investment decisions. The Eklavya shall not be held liable for any inaccuracies or discrepancies arising from changes in policy terms and conditions.