RE:Investment In SIP
by mera naam on Nov 26, 2007 11:35 AM Permalink
contact me at 9980226299(vishwanath)RM-karvy
An ULIP - Unit Linked Insurance Plan - is a financial product that offers you life insurance as well as an investment like a mutual fund. Part of the premium you pay goes towards the sum assured (amount you get in a life insurance policy) and the balance will be invested in whichever investments you desire - equity, fixed-return or a mixture of both.
Investments in ULIP attract the benefit under Section 80C
