6 Reasons to buy a ULIP

• Regular Savings: ULIPs inculcate the habit of regular and disciplined savings, which is the key to successful long-term financial planning. With regular premium payments, you can enjoy the uninterrupted benefits of wealth creation for your loved ones.
• Protection: ULIPs provide the protective benefit of a Life Cover, which keeps your family secure in your absence.
• Flexibility of Investment: You will have flexibility and control of your money through the following ways:
      1. Fund Switch – An option to move your money between equity and debt funds
      2. Premium Redirection – An option to invest your future premium in a different fund of your choice
      3. Partial Withdrawal+ – An option that allows you to withdraw a part of your money
      4. Top-up – An option to invest additional money to your existing savings

• Tax Benefits: You can get tax benefits up to `1.5 lakh on your insurance premiums, under Section 80C. Also, the earnings from your policy and the equity-debt switches are completely tax-free. What’s more, even the money you receive at the end of the policy, also called the Maturity Benefit, is tax-free as per Section 10(10D).
• Potential for Growth: There is a potential of earning higher returns from the power of equity and debt funds. This will help you achieve your life-goals such as buying a new home, your dream car, funding your child’s higher education and much more.
• Greater Rewards for Staying Invested**: Your money grows further as the insurance company adds to your savings without the need for you to invest more. Such benefits are called bonuses and are available to you in both ULIPs and Endowment plans in different forms (such as, Loyalty Additions and Wealth Boosters)^.

** These bonuses are added to your savings as a reward for staying invested for a long time.
^Please refer your ULIP policy document for detailed information about Loyalty Additions and Wealth Boosters.
+Partial withdrawals are allowed after the completion of five policy years provided monies are not in DP Fund. You can make an unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy year. The partial withdrawals are free of cost. DP Funds refer to Discontinued Policy fund and consist of money from lapsed policies.