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Unit Linked Insurance Plan One of The Best Tax Saving Instrument

Unit Linked Insurance Plans are gaining popularity as one of the best tax saving instruments as it has strategical investment options along with life insurance benefit in a single insurance product. The investment portfolio ranges from stock, mutual funds, etc. ULIP gives the option to the investor as per his/her risk-taking capacity to invest in a number of eligible investments along with the freedom to customise the plan as per the investor’s requirements. ULIP has a number of attractive features which we will see in the rest of the article. ULIP Plan as a significant tax savings The traditional insurance policy provides life insurance advantage and tax benefit but not great scope for wealth creation. Mutual funds provide good returns with no life protection and limited choic... Read more

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