Savings and Investment plans help you save regularly and be adequately prepared to meet family’s financial needs in the future.

These online investment plans offer various features that help meet your specific financial needs with investments made according to your appetite to take risks.

is an attractive option. It is a long-term investment option, which is pocket friendly and comes handy at the time of retirement of the investor. This tool helps to invest in the share market, and if all goes well then investor might end up reaping good profits.

ULIP plans offer dual benefit of term insurance and investment. Not only do you get term coverage which can help in financial safeguarding at the time of death, but you also get an opportunity for wealth creation, to meet your targets in the future.

Working style of unit-linked plan

There are generally two phases in ULIPs or any other market linked instrument:

Accumulation Phase:

In this phase, the investor pays premiums to the insurance company on monthly, quarterly or annually basis. The company invests the money into different funds.

Reaping Phase:

This is the phase, when the investors reap the fruits of the investment, through returns.

Benefits of ULIPs

There are certain benefits that an investor gets in order to create a wealth for future:

• As ULIPs are market-linked investments, they can potentially offer good returns to the investor. It all depends on market performance.

• ULIPs have a wide variety of funds, from high to low risk. It helps in creating a diverse investment portfolio.

• The investment keeps growing with time. Investors can possibly get a good maturity amount at the time of retirement.

Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary. One should know importance of term insurance key features and why you should opt for it before buying term insurance. The purpose of taking life insurance is to provide life cover to the policyholder and financial security to his family. There are two ways the individual can take life insurance: 1. By opting for a pure life cover, also known as term insurance 2. By taking life cover with a savings component built-in,also called endowment insurance