ULIP (Unit Linked Insurance Plan)
A ULIP combines life cover with units in equity, debt or balanced funds of your choice. The fund value moves with the market, so returns are not guaranteed. A 5-year lock-in applies, and charges and tax treatment depend on the plan and prevailing tax laws.
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Essential Benefits of ULIP (Unit Linked Insurance Plan)
Choice of Funds
Choose from the equity, debt and balanced funds the insurer offers, and switch as your goals change.
Tax Treatment
Maturity proceeds may be tax-exempt subject to premium limits and prevailing tax laws. Check with a tax adviser.
Life Insurance Cushion
Your family receives the higher of Sum Assured or Fund Value in case of unforeseen demise.
What is Covered Under ULIP (Unit Linked Insurance Plan)?
IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unit Linked Insurance Products are different from traditional insurance products and are subject to market risks. Past performance of funds is not indicative of future returns. Linked insurance products do not offer any liquidity during the first five years of the contract.
*Premiums and features shown are indicative and vary by insurer, plan, age, health, location and add-ons. Tax benefits are subject to prevailing tax laws. Insurance is the subject matter of solicitation. Please read the sales brochure and policy wording carefully before buying.
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ULIP (Unit Linked Insurance Plan) Frequently Asked Questions
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