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Unit Linked Insurance Plans

Unit Linked Insurance Plans

Unit Linked Insurance Plans (ULIPs) give you the benefit of market-linked returns with a life insurance cover. ULIPs are wealth-building tools that fulfil your medium to long-term financial goals. These plans let you select and invest your funds in equity and debt securities that have low, medium or high risk.

  • Features :
  • The insured has the option of participating in the capital markets
  • In case of the demise of the insured, the sum insured or the market value of the investment (fund value), whichever is more, usually gets paid
  • If your ULIP matures, the fund value becomes payable
  • You have the option of surrendering or partially withdrawing ULIPs
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Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Insurance is the subject matter of the solicitation. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

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