Who’s afraid of ULIPs?
What most of them undermine are your financial needs and a long-term perspective of the tax saving investment you will make. Unfortunately, several effective modes of tax saving that come with lots of benefits are marketed without a clear perspective, need or reason.
The current equity market scenario and growth in corporate incomes are now making the scene compelling for more equity exposure in your tax planning investments.
As per media reports, an analysis of the earnings of 129 companies that have announced their results for the December quarter for the fiscal year 2013 showed that while net sales grew 19.35 per cent, below the 30.22 per cent growth recorded in the year-ago quarter, operating profit rose 36.34 per cent, the highest in at least two years.
Given that the Indian economy is slowly emerging out of subdued growth over the last few quarters and stalling of the General Anti Avoidance Rules (GAAR) guidelines till 2016, the time is ripe to look at ULIPs or unit linked insurance plans, as a vital part of
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