ULIP Investment Guide: Benefits, Returns & Tax Savings

An Essential Guide To ULIP Investments

What is ULIP?

A Unit-linked Insurance Plan or ULIP, is a life insurance product that provides risk coverage for the policyholder along with the opportunity to put their money into various qualified market-linked options.

The premium you pay into a ULIP offers both life cover and maturity benefits, saving you the hassle of having to put your money into and manage two separate plans. Alongside this ease, it also ensures that you or your nominee can access the benefit necessary when the need arises. Having a defined sum assured amount to fall back on can help you and your nominee to face any dire possibilities in the future. On the other hand, your wealth creation goals can also be achieved by the same ULIP investments.

If you are looking to create investments but do not want to forgo the security offered by life insurance, ULIPs may be a suitable option for you.

Common Benefits of ULIPs

Wondering why to invest in ULIPs? Here are a few benefits that may answer this question.

Life Cover:

Provides financial protection to your family in case of your untimely demise.

Market-linked Options:

Offers a range of fund options to invest in, including equity, debt, and balanced funds, catering to different risk appetites.

Flexibility:

Allows switching between funds based on market performance and changing financial goals.

Tax Benefits:

Allows your premiums paid as well as benefits received, be eligible for tax exemptions as per the prevalent tax regulations.

Wealth Creation:

May help in building a corpus for future financial goals such as children’s education, marriage, or retirement.

Investing in ULIPs

These products offer the combined benefits of insurance and investment, providing both protection and wealth creation. ULIPs are ideal for individuals seeking a disciplined and systematic approach to saving and growing their money.

One of the primary steps to ensure the plan is right for you is to select the right policy. You can do this by using a ULIP calculator to get premium estimates. When investing in a ULIP, ensure that it does not burn a hole in your pocket.

Furthermore, to ensure a correct decision, you ought to also understand which of the ULIP benefits will best appeal to you.

ULIPs are versatile financial products that offer the dual benefits of insurance and wealth creation. They are suitable for individuals looking for a disciplined investment approach with the added advantage of life cover.

IndiaFirst Life Guaranteed Protection Plus Plan

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Product Name
Dropdown Field: Tax Saving
Product Description: Need a protection plan that is tailored especially for your needs? Look no further! This plan aims to give you and your family financial security in an easy and convenient way.
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Tailormade plans
Flexibility to pay premiums at your convenience.
Insure your spouse in the same policy
Cover till 99 years of age
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IndiaFirst Life Plan

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Dropdown Field: Tax Saving
Product Description: A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.
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Family will receive the payout
Flexibility to choose the assured amount
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Tax* benefits
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IndiaFirst Life Radiance Smart Invest Plan

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Dropdown Field: Investment
Product Description: Have you heard of a plan that not only gives you a life cover but also helps in wealth creation? Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.
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10 different funds to choose from
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100% money invested for higher returns
Life cover charges returned at the end of policy year
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IndiaFirst Life Guarantee of Life Dreams Plan

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Dropdown Field: Savings
Product Description: Wouldn't it be wonderful if we had a second source of income to support our dreams? Here is a way to make your dreams come true where you can start earning an income from the end of the 1st month itself.
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Life Insurance Cover
Benefits of long-term Savings.
Protection even if you miss one premium.
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Indiafirst Life Guaranteed Single Premium Plan

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Dropdown Field: Guaranteed Returns
Product Description: Wondering if there is a way to get 7x return on your investments? Your search ends here! With this single payment plan, you can achieve your financial goals.
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Life Cover that is 1.25 times higher
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IndiaFirst Life Guaranteed Pension Plan

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Dropdown Field: Retirement
Product Description: Make your golden years truly golden! Invest in the Guaranteed Pension Plan that is designed to guarantee an income for as long as you live.
Product Benefits: Receive income during retirement years.
Choose among 5 different annuities.
Option to extend pension benefits to loved ones.
Return of purchase price
Increasing annuity(pension) option
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An Essential Guide To ULIP Investments

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IndiaFirst Life Guaranteed Protection Plus Plan

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