Ulip Plans
A ULIP (Unit Linked Insurance Plan) combines life insurance and investment, with premiums used for both coverage and investments in equity, debt, or mixed funds. Insurance companies provide dual benefits of protection and wealth growth, offering various fund options to match risk appetites and financial goals. ULIPs help accumulate wealth through market-linked returns and allow flexibility to switch funds. Additionally, they offer tax benefits on premiums and returns, enhancing overall savings.
