ULIP Plans 2024: Unit Linked Insurance Plans - Returns, Tax Benefits & Comparison
Complete guide to ULIP (Unit Linked Insurance Plans) in India. Compare best ULIP plans, understand returns, charges, tax benefits under Section 80C, and make informed investment decisions.
ULIP (Unit Linked Insurance Plan) is a unique financial product that combines life insurance protection with investment opportunities. With a market size of over ₹5 lakh crore, ULIPs offer tax benefits under Section 80C (up to ₹1.5 lakh) and tax-free maturity proceeds under Section 10(10D). ULIPs have a mandatory lock-in period of 5 years and offer flexibility to switch between equity and debt funds.
Before investing in ULIP, compare it with Term Insurance plus Mutual Funds to see which option suits your goals better. Use our Income Tax Calculator to understand tax savings, and check SIP Calculator for alternative investment returns.
Full ULIP page content with plan comparison, returns analysis, and detailed information...