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ULIP gives triple benefits : insurance, investment & Tax. It offers tax exemption under Section 80C and Section 10D of the Income Tax Act, 1961
As per your goal such as marriage, child’s education, house purchase, etc. you can do planning.
Top-up your investments
This helps to invest money in the policy any time & enjoy the tax benefit under section 80C.
ULIPs also offer great tax benefits on withdrawals that can occur in certain cases such as partial withdrawal, maturity of the policy, death of the policyholder.
Tax deduction on premium paid
In case of ULIPs, the insured person enjoys the benefit of tax exemption as per Section 80C on the amount of premiums paid & it goes up to 1.5 Lakh.
Canara HSBC Life Insurance offers Invest 4G plan, which is a comprehensive Unit Linked Insurance Plan that not only offer flexible premium payment option but gives you an option to invest your money in 7 different funds and 4 portfolio strategies at a minimum charge with mortality return benefit.
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