ULIP Benefits Explained | Unit Linked Insurance Plan | How to Build Wealth + Get Life Insurance

Are you still relying solely on traditional savings accounts or FDs for your financial goals?
It’s time to rethink your financial strategy if it doesn’t include ULIPs (Unit Linked Insurance Plans). The ULIPs offer both life insurance protection and wealth creation, under one plan.

This video, we will help you understand what is a ULIP plan, How ULIPs work, and why choosing the right ULIP plans can strengthen your financial planning.

Plan your estimated returns here: https://tinyurl.com/583wweaa

What is ULIP?
ULIP stands for Unit Linked Insurance Plan, a unique financial product that combines the benefits of life insurance and investment in one plan. Unlike traditional insurance policies that only offer protection, ULIPs provide a dual advantage: they keep your family’s financial future safe while helping your money grow through market-linked investments.
When you invest in a ULIP, a part of your premium goes towards life insurance coverage, and the rest is invested in various funds (equity, debt, or balanced) based on your risk appetite and financial goals. This flexibility makes ULIPs a powerful tool for long-term wealth creation.

Dual Benefits of ULIP
One of the biggest ULIP benefits is the seamless blend of insurance and investment. You get life cover to protect your loved ones from financial hardship in case of any unforeseen event, along with the potential to build wealth over time by investing in the markets.

Tax Advantages of ULIPs
1. Premiums paid towards ULIPs are eligible for deductions under Section 80C of the Income Tax Act (under old tax regime), helping reduce your taxable income.
2. The maturity proceeds from ULIPs are tax-exempt under Section 10(10D) (both old & new tax regime), subject to certain conditions.
3. These tax advantages make ULIPs an efficient financial planning tool, enhancing your overall returns while securing your financial future.

Flexibility to Switch Funds and Make Partial Withdrawals
Unlike many traditional investment options, ULIPs offer the flexibility to switch between different funds, equity, debt, or balanced, based on market performance and your changing financial needs. This ensures you can optimize returns and manage risks effectively.
Additionally, after a lock-in period of 5 years, ULIPs allow you to make partial withdrawals, providing liquidity when you need it without compromising your long-term investment goals.

Simple Real-Life Example of a ULIP Investment
Imagine Harsh, who is 25 years old and starts investing in a ULIP by paying Rs. 1,20,000 every year. He plans to do this regularly for 20 years.

Each year, Harsh pays Rs. 1,20,000 as premium. The money is invested in the market through the ULIP and grows at about 12% per year after all charges.
Harsh also gets a life insurance cover of Rs. 20 lakhs, which gives his family a protection net in case something happens to him.

What happens after 20 years?
Total money Harsh has paid as premiums = Rs. 1,20,000 × 20 = Rs. 24,00,000 (Rs. 24 lakhs)
Due to the market growth and compounding, his investment grows to about Rs. 99.91 lakhs after 20 years.

So, Harsh’s Rs. 24 lakhs investment grows to Rs. 99.91 lakhs. On top of that, Harsh had life insurance cover during this whole time.

You can calculate your estimated returns here:
https://tinyurl.com/583wweaa
Why Choose the Axis Max ULIP Plans?

Axis Max Life Insurance offers variety of ULIP plan designed to fulfill various future goals of people with ease and confidence. With the Axis Max ULIP plans, you benefit from:
1. Multiple fund options tailored to your risk appetite.
2. Transparent and regulated charges for greater clarity.
3. Expert guidance to help you navigate your investment journey.

Explore Axis Max ULIP plans today at https://shorter.me/xtzLQ

Don’t wait any longer! It’s time to move above traditional savings and fixed deposits.

If you know someone who is planning their financial future, share this video with them, it could be the step that changes their life.

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Find Axis Max Life Insurance on:
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Website: https://tinyurl.com/2s4kjwz5

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Timestamps

00:00 – Start
00:38 –What is Unit Link Insurance Plans?
01:01 – How Do ULIPs Work?
01:27 – Benefits of ULIPs?
02:19 – Who Should Consider a ULIP?
02:48 – Costs and Risks.
03:34 – Real World Scenario
04:37 – Recap

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Видео ULIP Benefits Explained | Unit Linked Insurance Plan | How to Build Wealth + Get Life Insurance канала Axis Max Life Insurance