Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

5 Reasons for Investing Early in ULIPs

5 Reasons for Investing Early in ULIPs

1. Wealth Creation

Since investment in a ULIP requires a long term horizon, it is an ideal tool to create and grow your wealth. They are market linked products, which combine an investment of premiums in both equity and debt funds to give you higher returns over 10-12 years of time. So, you can start investing in ULIPs as early as your 20s to reap the maximum benefit in a long run.

2. Life Cover

Along with the returns, ULIPs also give life cover. So, you continue to meet your financial goals while securing your life from early years. You can rest assured that your family has adequate money to live their life comfortably if you are not around. This way, you get the maturity benefit as well death benefit.

3. Tax Savings

The premium on ULIP investments is exempted up to Rs. 1,50,000 under Section 80C. The maturity and death proceeds from ULIPs are also tax free under Section 10 (10D). Even the capital gains from fund switches are tax-free in ULIPs. The money you save from tax exemptions can be further reinvested in other financial instruments.

4. Fund Switches

Your financial goals may change over a period of time. Your risk appetite may also go lower or higher, depending on your current financial situation. The market fluctuates on a daily basis and may even go volatile at times. In times likes these, you often wish if you could have control over the asset class (equity, debt or balanced) you have invested in. The fund switch facility in ULIPs is a facility that could help you monitor your funds closely. This facility sets ULIPs apart from other market – linked investments, especially mutual funds. You can shift your funds from equity to debt or debt to equity, as per your market, without unsettling your long term financial goal. The number of fund switches you can do in ULIPs are unlimited.

5. Secure Your Child’s Future

ULIPs can secure your child’s future, like no other wealth plan. Some insurance providers offer ULIPs that provide money at important stages of your child’s career. Even if life deals you a fatal blow, a ULIP plan will protect your child financially to make sure that they complete their education and are capable of standing on their own two feet. For example, with a well-designed ULIP, like theICICI Pru Smart Life Plan, you can make sure that your child gets a good education even if you’re no longer around. This policy pays premiums on your behalf, provides a lump sum amount at maturity, and also pays your child with an assured amount if something unfortunate happens to you.

Gujarat VAT department has issued circular

At CAKART you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty  video  classes (online or in pen drive) most popular books of best  authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *