Premium invested and returns received are both tax deductible
Flexibility to change funds as per your risk appetite
Your family receives a claim in case of your passing away
All funds are rated 4 Stars and above by Morning Star
Invest regularly and in a disciplined manner
Help in financing children’s education, wedding or house
Your investments grow and multiply over time
Returns are incidental to the market performance
ULIPs not just give market-linked returns to help you fulfill your goals and aspirations, they also provide a life cover to help secure your family in case of your death. Apart from that, all life insurance products provide tax benefits. Some also provide dual tax benefit which means you avail tax benefit when you invest and you also get tax free returns. This dual benefit may not be available in other investment instruments.
Investments in ULIP can be customized to your preferences. You can choose the funds to invest in based on your risk appetite. Investors seeking lower risk may opt for debt funds while equity investments are desired by investors with higher risk. Moreover, you have the flexibility - you may switch between funds based on circumstantial dynamics so that you do not miss out on better performing funds.
ULIPs are suitable for every investor who is willing to take a little risk in meeting his medium and long-term goals.
Since ULIP is a market linked investment instrument, you should look for the ratings of the individual funds from a verified source.
If the funds have performed consistently well in the past there are higher chances of it performing well even in the future.
This means your chances of getting good returns will be higher.High rated funds for ULIP