What is a ULIP Calculator?
A Unit Linked Insurance Plan, or ULIP, is a unique financial product that combines the benefits of a life insurance policy with an investment opportunity. A portion of the premium you pay goes towards providing life cover, while the remaining part is invested in various market-linked funds such as equity, debt, or a blend of both. This dual feature makes ULIPs a powerful tool for long-term wealth creation while also securing your family's financial future.
Benefits of ULIP Calculator
- Dual Benefits
- Flexibility
- Tax Advantages
- Long-Term Growth
- Partial Withdrawals
Disadvantages of ULIP Calculator
- Market-Linked Risks
- Higher Costs
- Lock-In Period
- Complexity