ULIP

Accumulate Wealth Of 60 Lacs at just Rs 4,000/- pm

  • Protection against all forms of death disease disability.
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What is ULIP?

ULIP stands for unit linked insurance plans. ULIP is a combination of insurance and investment. From a ULIP, the goal is to provide wealth creation along with life cover where the insurance company puts a portion of your investment towards life insurance and rest into a fund that is based on equity or debt or both and matches with your long-term goals. These goals could be retirement planning, children’s education or another important event you may wish to save for. Here policyholder can pay a premium monthly or annually. A small amount of the premium goes to secure life insurance and rest of the money is invested just like a mutual fund does. Policyholder goes on investing through the term of the policy – 5,10 or 15 years and accumulates the units. ULIP offers investors options that invest in equity and debt.


ULIP vs Mutual Fund

Particulars ULIP Mutual Funds
Nature Investment cum insurance product Pure Investment product
Withdrawal Only after lock-in-period of 5 years Can be withdrawn anytime
Switching Alternating between funds is permitted and not subject to taxation. Switching is permitted between schemes of the same fund house. However, it’s treated as a redemption and the resulting capital gains are taxable.
Charges Mortality charges, premium allocation charge, fund management charge and administration charges No entry load, the annual fund management charges apply and an exit load, if applicable.




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