ULIP Plans
Combine insurance and investment with ULIPs. Create long-term wealth with market-linked returns while securing life cover and enjoying tax benefits.
About ULIP Plans
Unit Linked Insurance Plans (ULIPs) offer the dual benefit of investment and life cover. They are ideal for long-term wealth creation, allowing you to invest in potential high-growth equity funds or safe debt funds.
Why Choose ULIPs?
- Wealth Creation: Participate in the stock market with professional fund management.
- Tax Efficiency: Maturity proceeds are tax-free under Section 10(10D) (subject to conditions).
- Flexibility: Switch between equity and debt funds based on market performance without tax implications.
- Lock-in Period: A 5-year lock-in encourages disciplined saving.
At Insurance Support, we help you navigate the complexities of specific policy terms to find the plan that best fits your requirements and budget.
Key Benefits
Frequently Asked Questions
Are ULIP charges high?
Modern ULIPs have very low charges, comparable to mutual funds. Some online plans even have zero allocation charges.
Is ULIP money safe?
It depends on the fund choice. Debt funds are safer, while equity funds carry market risk but offer higher potential returns.
Can I surrender my ULIP?
Yes, after the 5-year lock-in period, you can surrender the policy without surrender charges.