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Understanding ULIPs: Insurance & Investment by Suman Sinha is a document available to read on EtoBox.

ULIP or Unit Linked Insurance Plan is a product that combines life insurance and investment. A portion of premiums paid go towards life insurance coverage, while the rest is invested in funds similar to mutual funds. This allows for wealth creation and life cover. ULIPs offer flexibility to switch between debt and equity funds. Charges include mortality, fund management, and premium allocation charges. ULIPs have a 5-year lock-in period. Premiums paid are eligible for tax deductions and returns are tax-exem

Author

Suman Sinha

Language

EN