Oct 17, 2024
EPF and Unit Linked Insurance Plan (ULIP) are two investment options available to employees. Here's a comparison of their features and benefits:
Features: EPF is a mandatory contribution scheme, while ULIP is a voluntary investment option that also provides life insurance cover. EPF contributions are made by both the employee and employer, while ULIP contributions are made by the investor.
Benefits: EPF provides a fixed interest rate declared by the government, while ULIP provides market-linked returns. EPF provides a life insurance cover, while ULIP also provides a life insurance cover.
By comparing the features and benefits of EPF and ULIP, employees can choose the option that suits their investment and financial goals.