Experts advise opting for life insurance along with long-term wealth generation assets. It ensures your funds stay invested in the market, even in case of an unexpected incident, thus securing your family’s long-term financial goals. As new investors seek balanced returns, ULIP returns in 5 years can help build confidence, particularly owing to the inclusion of life cover.

Managing finances can sometimes seem difficult, like solving a complex puzzle. Still, it is a necessary skill for everyone - salaried individuals, businessmen, homemakers, etc. At its core, money management is not about the size of your income. It is about ensuring that you do not get into debt, can face emergencies, and spend and save wisely.

Before you start a new investment today, know about the applicable tax rates. ULIPs can be a good choice to leverage the dual benefit of life insurance and market-linked investment in a single plan. However, ULIPs have attracted multiple charges and taxes in the past. Recent GST reforms have changed the entire horizon of ULIPs, including GST on ULIP premium, effective from 22 September 2025.

Life insurance is a cornerstone of financial security, and so are endowment policies. Such policies offer financial protection, savings, and guaranteed payouts. For many years, GST on endowment policy premiums has made them slightly expensive. Earlier, one had to pay GST along with their premium, due to which a portion was taken away as tax. GST reforms 2025 have addressed this issue for good.

If a lump-sum amount is invested all at once, instead of making regular investments into a financial instruments, it is called a one-time investment plan. Individuals who have surplus funds available and want to gain financially in the long term can opt to benefit from such investments. The potential capital appreciation offered by one time investment plans make them ideal for reaching various financial goals.