Thanks for contacting us.
Will get in touch soon.
Table of Content
Life insurance caters to many benefits at the same time, be it retirement, deduction under Income Tax Act or providing financial support at the time of any medical emergency. A lump sum amount is given to the investor at the time of maturity or death, in lieu to the monthly premiums paid.
Many products are there to invest, but Unit Linked Insurance Plan (ULIP) 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.
There are generally two phases in ULIPs or any other market linked instrument:
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.
This is the phase, when the investors reap the fruits of the investment, through returns.
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.
Invest in ULIPs to meet your financial targets with HDFC Life Click 2 Wealth.
ARN: ED/09/19/16025
We help you to make informed insurance decisions for a lifetime.