Unit Linked Insurance Plans are a combination of investment tool that will help you meet your long term returns and a life cover that will help your family in your absence. These products invest in a combination of assets i.e. equity and debt and allows partial withdrawal for all. Depending on market conditions investors can transfer their funds from equity to debt and vice versa to gain maximum return. If you are looking for a product that gives dual benefit of an investment and an insurance then ULIP can be your stop . In today's episode of The ET Money Show we spoke to Arvind Rao, CFP & CA, Founder, Arvind Rao & Associates to help you understand who should consider an ULIP and how are the gains from the product taxed.
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