As a millennial, you are caught in trying to follow the ways set by your parents or to work out an innovative system that works well as per your needs. Unit Linked Insurance Plan (ULIP) is an ideal insurance plan for you since it provides you with a life cover, along with the added incentive of investing in the funds of your choice. While a ULIP has the potential to allow you to achieve all of your financial plans, they may seem complicated to understand for someone like you who is still figuring things out.
Edelweiss Tokio Life Wealth Plus Plan introduces a Zero cost ULIP:
It’s natural to be hesitant to spend your hard-earned money to invest in a financial plan. As the costs attached to a traditional market-linked plan are high, it can be tough to make the call to invest, since you have just started to understand how to invest your money. The zero cost ULIP has eliminated most of the charges attached to a ULIP as it levies zero administration and policy allocation charges while setting aside your premium.
That’s not all, other expenses such as premium redirection charges, partial withdrawal charges and switching charges have also been eliminated. This leaves you with an ideal investment plan for which you don’t have to pay anything extra, and your premium is utilised to its fullest potential.
Since you can see the central contrast between zero charges ULIP and traditional ULIP is clear. The rest of the benefits provided by the previous ULIP’s are still a part of the scheme: the tax benefits under section 80C and 10(10D), the top up facility, the switching facility, the death and maturity benefits, the partial withdrawal facility, everything is very much the same. It is still a ULIP providing you all the benefits with the bonus of zero cost.
We understand the difficulty in providing your family with everything they need in the present while also saving for all that they will need in the future. As much as you know that a ULIP can enable you to build your wealth over time, your current financial condition doesn’t allow you to invest in one. With the zero cost ULIP, all the challenges you have faced while investing aren’t in the picture. You are provided with a life cover to protect you and your family against any eventualities and the option of earning a return on your investment to build your wealth and increase your savings for the future.
Hassle-free ULIP plan
We know how valuable time is for you and spending it on buying a ULIP will take a large part of it. When you buy the zero cost ULIP, it takes mere minutes to complete the transaction. Simply click here, and apply for a ULIP now. It is fast, simple and hassle-free. Edelweiss Tokio Life strives to make the process of investing a fun experience also one you can make based on your needs.