ULIP

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Three-way benefits for investing in ULIP policies
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• Apart from getting a curb on spending habits,
  demonetization has affected the available
  investment tools as well. Banks that are now
  flush with funds have already started to reduce
  interest rates on fixed deposits and are expected
  to lower them further in near future. Thus, life
  insurance products seem to become the preferred
  options for investors. The sector has seen a rise
  of around 70 to 80 in the life insurance
  investment segment thereby touching giant figures
  of around 16,000 crores in 2016. Whether its
  single premium or regular premium policies they
  have shown growth over the period.

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• Of all the insurance products, Unit Linked
  Insurance Plans can be considered as a reliable
  wealth creation solution over the medium to
  long-term phase, keeping in mind the 3-tier
  beneficial aspect of market returns, protection
  and tax savings component being combined in one
  single product.
• ULIP permit investing ones premium in a mix of
  debt and equity funds with varying proportions
  allowing fund switching with no tax liability.
  They stand out from other investment tools as the
  gains after the maturity is also tax-free in the
  hands of the investors.

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Why Ulip Are worth for long term financial goal
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• One can modify their investment strategy as per
  their financial goals and alter the allocation to
  equity or debt funds without any hassles. ULIP
  plan also offer fantastic tax savings on
  withdrawals that are unavailable in other
  investment tools. These withdrawals could in the
  following instances such as a death of the
  policyholder, maturity of the policy, partial
  withdrawal at the discretion of the policyholder.
  The payout is exempt u/s 10(10D) of the Income
  Tax Act, 1961.

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ULIP gives triple benefits suitable life
insurance cover, higher returns as well as tax
savings
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• ULIP policy have a minimum lock-in period of
  five years. So the policyholder can make partial
  withdrawals after this tenure. Partial withdrawal
  which dont exceed 20 of the fund value are
  completely tax-free provided they are done after
  the completion of the minimum lock-in term.
• However, experts say its a must to understand
  that ULIP insurance is a long-term investment
  plan. You can gain the maximum if you stay
  invested till maturity. They are not to be
  mistaken as short term investment vehicles with
  quick gains.

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