Life Insurance Made Easy
http://www.outlookmoney.com March 2018 Outlook Money 65
E
ach of us have
goals in our lives.
Whether small
or big, short-
term or long-term, our life
goals and the continuous
pursuit of working
towards them is what
drives us. On a personal
level as well, each of us
nurse an aspiration —
whether it is to buy a
house, start a business,
fund higher education
for our children, or save
for a happy and stress-
free retirement. In the
rat race of everyday
lives, most of these goals
may seem far away and
unsurmountable. That is
why perhaps we just focus
on short-term needs,
while our dreams for the
future simply remain
dreams.
However, the truly
passionate amongst us
never lose sight of their
ultimate aspirations lying
on the long-term horizon.
They continue to make
plans that help them turn
their life goals into reality.ULIPs are the way
forward
One of the ways in which
one could create a sizableFulfilling Life Goals Through ULIPs
To fund your long-term goals, Unit Linked Plans offer the triple
benefits of insurance, wealth creation and tax benefit
corpus to fund your life’s
long-term goals is through
unit-linked insurance
policies or ULIPs. They
offer the dual benefits of
providing insurance and
potential wealth creation
over the long term. Here
are some of its features
and benefits:Diversification: By
buying a single policy, you
automatically diversify
your wealth across asset
classes through equity,
debt and balanced funds.
This can help in spreading
your risk across various
investment avenues.Flexibility: You have
the flexibility of shiftingcapital between various
asset classes and
strategies depending
on their risk profile.
Additionally, you can
choose to pay the entire
premium amount at the
beginning of the tenure
or stagger the payments
periodically, depending
on the term of the policy.Tax benefit*: As the
month of March nears,
most people would bebusy with their tax filings.
Did you know that ULIP
holders also enjoy various
tax benefits? In this way,
ULIPs offer the triple
benefits of insurance,
potential for long-term
wealth creation
and tax benefit.
So, this year take action,
create an appropriate
financial plan, and do
consider ULIPs as the
stepping stones towards
achieving your life goals.This is a Media Marketing Initiative and the opinion expressed in this article is not endorsed by Outlook Money Editorial.Disclaimer*Tax benefits are subject to conditions contained under Section
80C and 10(10D) of the Income Tax Act, 1961. Tax benefits are
subject to provisions as per Income Tax Act, 1961. Tax benefits are
subject to change.