ULIPs

ULIPs or Unit Linked Insurance Plans are multi-faceted insurance plans that offer insurance coverage and an option to investment in the same plan.

Part of the premium paid by the policy holder is utilized to provide a life cover and the remaining premium is invested in equity and/or debt instruments to help the money grow. Choose the right funds to make the most of your money.

Why ULIPs ?
  • ULIPs help build disciplined savings which is the key to successful long-term financial planning
  • Policy holders have the option to switch between equity, balanced and debt funds without any additional charges. There is no capital gains tax on switches
  • ULIPs also offer the option to top-up your existing savings
  • Withdrawals and maturity proceedings from ULIPs are tax free for life.
Which Is The Best ULIP For You ?
  • Look for funds that offer strategies best suited to your goals
  • Review the performance of ULIPs with their respective benchmarks over a long term
  • Look into the charges associated with a ULIP fund (like premium allocation charge, policy administration charge, fund management fee etc.) and pick one that is affordable
  • It is always a good idea to pick ULIPs with higher Claim Settlement ratio and higher Solvency Ratio
Useful Info
ULIP is both an insurance policy and an investment
family
ULIPs are a long term investment product. Most ULIPs have a minimum lock-in period of 5 years
There is flexibility to withdraw funds from ULIP plans
ULIPs offer an option of Systematic Transfer Plans from debt to equity funds and vice versa
ULIPs offer tax benefits under section 80C and Income received from ULIPS is tax free for life
Most Popular Plans
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ICICI Pru Signature
Comprehensive additional benefits with Option to choose Accidental Death Benefit and Accelerated Critical Illness Benefit
  • Enhanced protection with coverage against death, terminal illness and disability
  • Key benefits for women under Accelerated Illness Benefits
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HDFC Life Sanchay Par Advantage
Choose between Immediate Income or Deferred Income options as per your needs
  • Live cover with protection up to as high as age 100 years
  • Flexibility to accrue the survival benefit pay-outs
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Life Insurance Wealth Pro
Choice of Enhanced Systematic Money Allocation and Regular Transfer Investment Portfolio Strategy
  • Flexibility to choose from 11 Fund options for enhanced investment opportunities
  • Option to customize your plan with three additional unit deducting riders