DO NOT BUY ULIP. MUTUAL FUND has exit load of 1% in 1st year but ULIP has mortality charges which is more than 5%. For insurance one must not expect returns. One should opt for Term insurance plus mutual funds. ULIP has no taxation because after so many Deduction if tax is also levied then no one will purchase ULIP.
Kid exit load in mutual fund is 10% after 1st year...yes mortality charges harm you just like a ltcg,but you have flexibility to switch your funds...modern ulips are coming with minimal charges so it's equally good as mutual fund,only thing that I don't like in ulip is lock-in but it has some life cover too
Appreciate this initiative Jain sahab.
DO NOT BUY ULIP. MUTUAL FUND has exit load of 1% in 1st year but ULIP has mortality charges which is more than 5%. For insurance one must not expect returns. One should opt for Term insurance plus mutual funds. ULIP has no taxation because after so many Deduction if tax is also levied then no one will purchase ULIP.
Akiranam basu pehle istemal karo fir vishwas kro maine liy hein profit hua hein or tax mein debate bhi milte hein or insurance bhi hota heim
Kid exit load in mutual fund is 10% after 1st year...yes mortality charges harm you just like a ltcg,but you have flexibility to switch your funds...modern ulips are coming with minimal charges so it's equally good as mutual fund,only thing that I don't like in ulip is lock-in but it has some life cover too
Long term capital gain tax mutual fund me 10% , ULIP me pura tax free ... saal me 3 lakh tak premium ke upar