Unit Linked Insurance Plan, is a product offered by insurance companies that gives investors a combination of both investment and insurance under a single integrated plan. ULIP plans guarantee to offer great benefits for investors in the long run and are available in abundance across India. Over the years, it has proven to be an extremely lucrative investment, which is why it is often recommended by many contemporary financial experts.
Now, let’s discuss the various ULIP benefits in the following paragraphs:
Flexible Investment Options
ULIPs offer investors with different risk levels, i.e. you will be provided with low, medium and high, risk investment options under the same policy. The plans are designed to allow customers to switch between fund options; offering a maximum of 12 switches per year. This will provide you an opportunity to invest as per your risk appetite.
There are two main types of unit linked insurance plans – premium based, or sum assured. Such flexible options allow you to diversify your investment portfolio without any hindrances.
Your ULIP policy will be transparent to the core, provided you select a well-known service provider like Bajaj Allianz. Everything will be crystal clear right from the pricing structure to the anticipated value, tenure and expected rate of returns.
You will have a clear idea regarding where your hard-earned money is going. Our managers will always be around the corner to provide quality assistance whenever needed. After all, as an investor, it’s your right to receive quarterly and annual account statements along with the current status of your investment portfolio.
If customers urgently need money due to unforeseen emergencies, then they will be allowed to partially withdraw from their investment. This means your invested amount will also act as a contingency fund and offer financial respite during difficult times. However, this facility can only be availed after 5 years from the date of investment. The Bajaj Allianz Life Goal Assure plan available on Finserv MARKETS lets you make partial withdrawals from your investment.
Disciplined and Regular Savings
Unit linked insurance plans are also an excellent option for new investors as it’ll help them develop the important habit of making regular savings.
Investors can avail tax benefits under Section 80C of the Income Tax Act. This makes the prospect of ULIPs as an investment plan even more attractive for customers.
Spread of Risks
By choosing unit linked insurance plans, you will get all the benefits of market-linked growth without being directly involved in the stock market. Your fund manager will provide suggestions based on your risk-taking ability.
So, go ahead, purchase a Bajaj Allianz Life Goal Assure ULIP online at Finserv MARKETS today!
To know more on ULIP investments in depth, you can check out these blogs:
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