LIC United Linked Insurance Plan:

  • In India investments in ULIP are covered under Section 80C of IT Act.
  • Itcame into play in the 1960.
  • Unit Linked Insurance Plan provides for life insurance
  • According to the value of the underlying assets at the time provides for life insurance where the policy value at any time varies
  • It provides for the benefits of protection and flexibility in investment.
  • The investment is called as units and is represented by the value that it has attained called as Net Asset Value (NAV).

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