ULIP Plan: What is ULIP plan? When is the right time to buy… understand from the expert. what is ULIP plan know every detail about the plan from expert money9

Only a few days are left for the month of March to end. In such a situation, everyone is looking for tax saving options. ULIP is also one of them. Let us tell you what is this plan? Under Section 80C and 10(10D) of the Income Tax Act, 1961, you can also save a lot of tax by investing in ULIP ie Unit Linked Insurance Plan. A ULIP plan can be for 15 to 20 years but initially has a lock-in period of 5 years.

So are you getting calls to buy ULIPs to save tax? Before buying ULIP or not, you should listen to the truth of your aunt.