About ULIP Plans
Unit Linked Insurance Plans (ULIPs) offer the dual benefit of investment and life cover. They are ideal for long-term wealth creation, allowing you to invest in potential high-growth equity funds or safe debt funds.
**Why Choose ULIPs?**
* **Wealth Creation:** Participate in the stock market with professional fund management.
* **Tax Efficiency:** Maturity proceeds are tax-free under Section 10(10D) (subject to conditions).
* **Flexibility:** Switch between equity and debt funds based on market performance without tax implications.
* **Lock-in Period:** A 5-year lock-in encourages disciplined saving.
At Insurance Support, we help you navigate the complexities of specific policy terms to find the plan that best fits your requirements and budget.