- Credit Card
- Real Estate
I have invested in a ULIP insurance plan. My premium term is 5 years lock-in period and the premium will be deducted from taxable income under 80C section. For example if I invest Rupees 1 lakh each year and then after 5 years , I was told that I will get good returns as the company will invest the money in equities, mutual funds, securities.My purpose as of now, is just a saving option.
If I buy an Life insurance from LIC (for example), how is that different from a ULIP insurance plan.
Have I taken a good decision or will I loose my money.