Unit Linked Insurance Plan
Unlock Your Financial Freedom with a Unit Linked Insurance Plan
Protect your family’s future with a Unit Linked Insurance Plan. Get the financial security you need with flexibility from Smeera.
Features Of Unit Linked Insurance Plan
- Dual Benefit: ULIP offers both life insurance coverage and investment opportunities in a single policy.
- Fund Options: Policyholders can choose to invest in a range of investment funds, including equity, debt, and balanced funds.
- Flexibility: ULIPs offer flexibility in terms of premium payment, fund switching, and partial withdrawals.
- Tax Benefits: ULIPs offer tax benefits under section 80C of the Income Tax Act in India.
- Professional Portfolio Management: ULIPs provide professional portfolio management services to ensure the investment is managed by experts.
- Offer policyholders the flexibility to choose the type of investment and make changes to it as per their preference.
- As the premiums paid are invested in the stock market or mutual funds, the returns on investment are higher compared to traditional insurance plans.
- Provide a life insurance cover, which offers financial security to the policyholder's family in case of their unfortunate demise.
- Provide tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.
- Offer policyholders a clear understanding of the investments and their corresponding returns, helping them make informed decisions about their investments.