How ULIP Investment helps in increasing Wealth Exponentially - CRED
Download CRED
homearticles
how ulip investment helps in increasing wealth exponentially?

how ulip investment helps in increasing wealth exponentially?

ulip plans are one of the preferred investment option for long term term savings and securing your future. read out the various benefits that ulip offers.
finance
March 31, 2021
5 min read
share facebookshare twittershare linkedinshare whatsapp
how ulip investment helps in increasing wealth exponentially

How ULIP Investment helps in increasing Wealth Exponentially

share
share facebookshare twittershare linkedin

the future is uncertain, and this uncertainty breeds the need for saving for the future. no matter how much you earn, it is essential to save and invest in your children's future. if you want to increase your wealth in the long run, ulip is the best option. united link insurance policy is one of the best long-term investment options currently. it provides good returns with a life cover. it also helps you get a deduction in income tax. it provides you with the opportunity to save as well as protect your future.

here are some of the benefits of ulip:

the dual benefit of insurance cover and wealth creation

by investing in ulip, you can get a dual benefit of life insurance and an opportunity for wealth creation in the long term. it provides investment opportunities along with security for the future. the return on the ulip fund is decent and ranges from 8-12%. you can choose your plan based on your risk appetite and calculate using a mutual fund sip calculator.

tax deduction

by investing in ulip, you can get a deduction in income tax under section 80 c for a maximum amount of 1.5 lacs. not just the deduction, but even the amount received on the ulip fund's maturity, is exempted from income tax under section 10(10d). along with providing attractive returns and life cover, it also offers many tax benefits to investors.

better returns

the rate of returns on ulip is much higher than other investment options in the market. the premium paid by you is invested in asset classes. you also get the option to switch to other funds every year based on their performance. the rate of return ranges from 8-12% per annum.

get an estimate of returns on your investment using the sip return calculator.

long-term investment

ulip is a long-term investment plan with a lock-in period of 5 years. you have to pay a premium for the policy. you have the choice to pay either a monthly premium or a lump sum at the end of the year. you can calculate the return on ulip by using the sip return calculator. it will help you estimate the total returns and make it easier for you to decide.

flexibility to switch funds

ulip is the only investment plan that allows the investor to switch funds as many times as he wants every year. based on your needs and the fund's performance, you can switch from one fund to another.

it must be challenging to choose one from among so many investment plans available. ulip is the best investment plan providing threefold financial benefits. it will help you grow your wealth exponentially.

plan your next investment now! calculate your returns with mutual fund sip calculator.