ULIP
Unit Linked Insurance Plan. An insurance-cum-investment product that offers both life cover and market-linked returns. Has higher charges compared to term insurance + mutual funds.
Related Terms
80C Deduction
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year for investments in EL...
Corpus
The total accumulated amount of money in an investment portfolio or fund. In FIRE planning, the targ...
FIRE
Financial Independence, Retire Early. A movement focused on aggressive saving and investing to achie...
Gratuity
A lump-sum benefit paid by an employer to an employee upon retirement or resignation, based on years...
Inflation
The rate at which the general level of prices for goods and services rises, eroding purchasing power...
Lump Sum
Investing a large amount of money at one time, as opposed to spreading it over regular intervals (SI...