ffreedom app (English)'s video: What is ULIP Unit Linked Insurance Plan Complete Guide To ULIPs How Does it Work

Download the ffreedom app from the Play Store or App Store to learn more about this video - https://ffreedom.com/youtube "Receive comprehensive education on Term life insurance and its advantages from our wonderful mentor. Here is the course link: https://ffreedom.com/hindi/personal-finance-courses/term-insurance-course-secure-your-loved-ones-future ULIP, or Unit Linked Insurance Plan, is its full name. A ULIP is a type of insurance that provides coverage for your family's financial security and investment opportunities to help you achieve your long-term objectives. There are two parts to the premium paid for a ULIP. It is split between contributing to your life insurance and investing the remainder in the fund of your choice. Depending on your objectives and level of risk tolerance, you can choose to invest in either equity or debt funds or a mix of the two. Because of this, ULIPs make a significant investment choice for your family's and your long-term objectives. ULIPs are much more advantageous in tax savings because the premiums are tax deductible up to Rs. 1.5 lakh annually following Section 80C of the Income Tax Act. Unless they fall under the ELSS or Equity Linked Savings Scheme, mutual funds are not tax deductible. Do you have any questions, tips, or ideas about business, farming, and personal finance? Let us know in the comments section below! Read more about our blog's success stories and best practices of various businesses and farming: https://blog.ffreedom.com Subscribe to our YouTube channel for more videos about multiple businesses, farming, and personal finance Follow us on: Facebook: https://www.facebook.com/IndianMoneycom Instagram: https://www.instagram.com/indianmoneycom Twitter: https://twitter.com/FfreedomApp Linkedin: https://www.linkedin.com/company/indianmoney-com " IndianMoney's ffreedom App is India's No1 Livelihood Education platform featuring 800+ video courses on Personal Finance, Business & Farming taught by super successful people from respective fields. Join over 80 lakh learners from India who are on their mission to increase their income by 10 times.