ULIPs
You saw that Rohan had paid ₹15,000 as his premium, but his fund value is ₹14,500. Where did the rest of the amount go?
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Unit linked Insurance Plan) is a plan in which the policyholder pays an annual or monthly premium, where-in the ULIP acts as a life insurance product as well as an investment. It provides a life insurance cover to the policy holder along with investment options. A small amount of the premium goes to secure the life of the investor and the rest of the money is put into investments such as stocks, bonds or mutual funds.
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THE REST GOES TO THE TAXES
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