Many people know about the tax deductions that life insurance policies offer under Section 80C of the Income Tax Act. However, there is a hidden gem that goes ignored and offers many tax advantages. We are talking about Unit Linked Insurance Plans (ULIPs). In this blog, we will delve into the world of ULIPs and understand the tax advantages. So, let’s dive in. What are Unit Linked Insurance Plans (ULIPs)? Let’s understand the ULIP meaning. A Unit Linked Insurance Plan combines an insurance policy and an investment. That means when…
Read MoreLooking Beyond 80C- Lesser-known Tax Advantages of ULIPs
