ULIP Insurance (Unit Linked Insurance Plan) – Insurance + Investment in One Smart Package ULIP (Unit Linked Insurance Plan) is a hybrid financial product that combines life insurance coverage with market-linked investment opportunities. It allows policyholders to secure their family's financial future while also building long-term wealth through strategic investments in equity, debt, or balanced funds. In a ULIP, a portion of the premium paid goes toward providing life insurance, while the remaining portion is invested in various market instruments, depending on the policyholder’s chosen fund options. ULIPs are suitable for those who want dual benefits—financial protection and capital appreciation under one plan.
✅ Dual Benefit – Provides life insurance + market-linked returns
✅ Flexible Fund Options – Invest in equity, debt, or hybrid funds as per risk appetite
✅ Tax Benefits – Premiums eligible for tax deduction under Section 80C and maturity proceeds are tax-free under Section 10(10D)*
✅ Fund Switching – You can switch between fund types (e.g., equity to debt) based on market conditions or financial goals
✅ Transparent Charges – All charges like fund management and mortality charges are clearly disclosed
✅ Long-Term Growth – Ideal for goal-based investing like retirement planning, children’s education, or wealth creation
✅ Lock-in Period – 5 years lock-in ensures disciplined savings and long-term focus
You pay a regular premium (monthly, quarterly, or yearly)
A part of the premium goes towards life cover, and the rest is invested in mutual fund-like instruments
You can track fund performance and switch between funds as needed
At maturity, you receive the market value of your fund, and in case of unfortunate death, your nominee gets the sum assured or fund value, whichever is higher
Young earners looking to combine protection and investment
Parents planning for children's future
Investors looking for tax savings + returns
People with long-term financial goals like home buying, marriage, or retirement
