News From Press Five differences between Ulips and ELSS

Five differences between Ulips and ELSS

Source: ET Jul 11, 2016

The two products are often confused because both are tax-saving instruments. Here's what you should know before putting your money in either.

1. Ulip vs ELSS
Ulip is an insurance-cum-investment product sold by insurance companies. Ulip investors have the option to invest in equity, debt, hybrid, and money market funds. The minimum sum assured is 10 times the annual premium (seven times if age of entry is above 45 years). On the other hand, ELSS, or equity-lin ..

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