As the name suggests, Investment insurance plan acts like an investment tool and provides you insurance coverage side by side. A part of the premium paid by you is utilized by the insurance company to provide investment opportunities in the life cover and the rest of the amount is invested in the instruments that are chosen by you. You can target long term goals or focus on short term investment plans depending upon personal reason for investment.
It provides secured way of goal based wealth creation like child’s marriage, child’s education or retirement planning etc.
It provides flexibility to choose the investment period, various investments funds which suits his need.