The most recommended ULIP to strengthen your financial portfolio

We have dreams and responsibilities to fulfill. Today these dreams seem far-fetched, perhaps due to financial constraints. However, your most crucial responsibility is the one towards your family; taking care of them, ensuring they have a comfortable life, like your children’s education and their aspirations. There shouldn’t be a time where you were unprepared for a situation where these plans come to a halt.

A term plan would be an excellent way to secure your future and those of your loved ones. It provides you with life cover and the sum assured as death benefit to your beneficiaries after your demise. But, what if you want to multiply your investments? You can always invest in Mutual Funds as it can double your investment in the long-term. You can then go to the travel destination you’ve always wanted to go to or buy your dream house.

However, the government recently announced that with LTCG tax, you now have to pay 10% of the profit made on equity and equity-oriented funds. Therefore, equity-oriented ELSS or Mutual Funds have a decrease in profits by 10%. But, you’d want to maximize your return on investment, and not have them taken away because of taxes, right?

Have you ever wondered what it would be like to have an investment yielding the maximum returns and insurance as one plan? Fortunately, there is one such policy known as the Unit Linked Insurance Plan or ULIP and the first step to strengthening your financial portfolio. It is the only market-linked product along with a life cover as a death or maturity benefit that allows you to save on taxes and multiply your wealth by allocating a portion of your premium amount to invest in the funds of your choice. Even the experts are talking about it!

Certified Financial Planner Mr Pankaj Mathpal, one of the most sought-after financial experts and the host on the show “Money Guru”, recently conversed on Zee Business channel about how among the many ULIPs available,  Edelweiss Tokio Life’s Wealth Plus plan was his go-to plan. He explained that by investing in ULIPs, you avoid losing your profits as compared to other equity-oriented funds. He added further that this plan is cheaper as the charges for mutual funds and can yield higher gains in the long-term.

Mr. Pankaj Mathpal advised those looking to multiply their investment and not to lose their profits to taxes to invest in ULIPs. As you get tax deductions under Sections 80C and 10(10D) of the Income Tax Act, you pocket your return on investment without any tax burden.

Towards the end of the show, he has urged future investors to buy insurance policies online. We live in the digital age, why go through the hassle of the offline process? He added that the Wealth Plus Plan was his all-time favourite compared to other plans available in the market.

Visit Edelweiss Tokio Life Insurance wealth plus plan here: https://www.edelweisstokio.in/savings-investment-plans/wealth-plus