 ULIP stands for Unit linked insurance plan. It is a life insurance solution that provides benefits to investment with protection and flexibility. The investment is denoted as units in terms of represented value that it has attained called as Net Asset Value (NAV). The policy value varies with value of the underlying assets side by side.
Benefits:
- It provides protection and security to your life.
- ULIP helps in investment and savings of your money.
- It provides flexibility and reliability to your investments.
- It works as an Adjustable Life Cover for future protection.
- It offers many Investment Options in new plans.
- ULIP also offers transparency and disability to your account.
- It helps in case of critical illness, surgeries, liquidity etc.
- ULIP offers tax planning schemes.
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