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How to Start Building Wealth?
Unit Linked Insurance Plans (ULIPs): Tax-free maturity and growth if annual investment remains below ₹2.5 lakhs Market-linked returns Portfolio investment Bonus additions Life coverage Minimum investment period of five years Partial withdrawals are allowed after five years of investment
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Best Long-Term Investments for Beating Inflation
Unit Linked Insurance Plans (ULIPs) - ULIPs also work on the principle of CAGR. In ULIPs with annual premium payments, the premium is added to the previous fund. ULIP investments offer more flexibility and options to you as a diversified investment. Here are the features of ULIP plans you should consider: Invest in a mix of equity and debt funds Use automated strategies for managing your asset mix as per market Added bonuses for long-term investors Switch from equity to debt or debt to equity anytime without a tax liability Tax-free partial withdrawals are available after five years of investment You can build a large corpus and have a tax-free pension after 60 with a single plan No maximum limit for investment; however, the tax-exempt status applies only for investments up to ₹2.5 lakh per annum