The term ULIP, which stands for Unit Linked Insurance Plan, is a financial product that combines the benefits of insurance and investment in one plan. As its full form suggests, ULIPs allocate a portion of the premium paid towards life insurance coverage, while the remaining amount is strategically invested in market-linked securities.

What is ULIP (Unit Linked Insurance Plan)? ULIP provides both insurance and investment benefits. In this, one part of the money goes towards life insurance, and the rest gets invested in long-term savings instruments such as stocks, bonds, or mutual funds.

How to Withdraw ULIP Policy? Once you subscribe to a ULIP plan as per your requirements, the premium amount is distributed between insurance coverage and capital market funds. Premiums in the ULIP plan are paid as a lump sum or regularly in the …

Let us understand 8 things about the ULIP tax benefits: Tax Deduction on Premiums* ULIP tax exemption of up to ₹1.5 lakh: You can claim a tax deduction of up to ₹1.5 lakh per year on the premiums paid towards your ULIP policy under Section 80C of the Income Tax Act, 1961. This deduction is subject to the overall limit of ₹1.5 lakh for ...

These Unit Linked Insurance Plan calculators are handy tools for investors to evaluate and compare different ULIP plans. They allow individuals to assess how their investment will grow over time, taking into account market fluctuations and the underlying performance of the chosen investment funds.

Understand the taxation rules and the process of policy revival. Our guide clarifies when to surrender a ULIP & the steps for breathing life back into your policy.

The Axis Max Life Online Savings Plan - Variant 2 is a Unit Linked Insurance Plan (ULIP) that offers a unique combination of investment and life cover. It is designed to help you grow your wealth through market-linked returns while simultaneously providing financial protection

ULIP (Unit Linked Insurance Plan) charges encompass various fees such as premium allocation, policy administration, mortality, fund management, and surrender charges. Understanding these charges is crucial for making informed decisions about investment and insurance goals.

2019年11月14日 · A ULIP or Unit Linked Insurance Plan is an investment scheme that unlike a pure life insurance policy serves the purpose of both investment and life insurance under a single plan. And the net premium paid by you is further invested in any of the chosen funds – equity, balanced, debt, etc.