Unit Linked Insurance Plan, more popularly known as ‘ULIP’ is a life insurance product that provides insurance along with investment.
Unit Linked Insurance Plan has an edge over traditional insurance policies as it provides the policyholder with the opportunity to reap benefits of the market’s performance, protection and tax benefits.
The greatest advantage of a ULIP is the fact that they are customizable; you can switch between different funds and make systematic withdrawals as per your requirements.
The investments that you make are subject to market risks. It is recommended to choose your fund wisely depending on your risk appetite. Investing in equity funds is riskier, but you also have a chance of getting higher returns. It is important to assess your needs and requirements before making a decision.
Tip: Learn how to get the best results from your ULIP’s here.
ULIP is a smart choice for every individual as it also gives an opportunity to switch between funds with relative ease.
ULIPs are highly beneficial to people who wish to invest money for a relatively long period of time.
Edelweiss Tokio Life Wealth Plus not only offers you an option of wealth accumulation like SIPs but it also enhances your returns by providing additional allocation i.e. just like how you invest in your funds the company also invests a percentage in it. This investment from the company’s side increases as years pass adding to the benefit you receive from compounding. Edelweiss Tokio Life Wealth Plus has zero allocation and policy charges. The new age ULIP, Edelweiss Tokio Life Wealth Plus maximizes your returns and even provides tax benefits.
All the above mentioned features, clearly indicate that ULIP gives you the best of both worlds – Protection and Investment. Hence, a smart investor would always consider
ULIP as an investment instrument. Calculate your premium here: https://www.edelweisstokio.in/savings-investment-plans/wealth-plus