ULIP - Unit Linked Insurance Plan

The term ULIP stands for Unit Linked Insurance Plan – a type of insurance offering two-fold benefits. It enables you to invest and achieve your long-term financial goals. In addition, ULIP offers a life cover that ensures financial security for your family in the event of an unfortunate incident.

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Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings^

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax^

    Unlike 10% in Mutual Funds

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

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6.7 Crore
Registered Consumers
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3.4 Crore
Policies Sold
Large Cap
Mid Cap
Fund Details
Fund Size
5 Year
7 Year
10 Year
Top 200 Fund
Fund Size: 1,772 Cr
1,772 Cr
157.01 -2.62%
27.3% Highest Returns
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Virtue II
Fund Size: 2,984 Cr
2,984 Cr
69.78 -1.71%
23.76% Highest Returns
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Pure Equity
Fund Size: 2,475 Cr
2,475 Cr
69.85 -1.31%
19.17% Highest Returns
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Super Select Equity Fund
Fund Size: 1,271 Cr
1,271 Cr
74.11 -1.36%
18.29% Highest Returns
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Growth Opportunities Plus Fund
Fund Size: 980 Cr
980 Cr
67.98 -0.77%
18.97% Highest Returns
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Pure Stock Fund
Fund Size: 6,541 Cr
6,541 Cr
143.91 -1.46%
18.39% Highest Returns
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Large Cap Equity Fund
Fund Size: 2,593 Cr
2,593 Cr
66.31 -0.50%
20.36% Highest Returns
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Frontline Equity Fund
Fund Size: 3,438 Cr
3,438 Cr
62.47 -0.98%
18.48% Highest Returns
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Grow Money Plus Fund
Fund Size: 433 Cr
433 Cr
64.11 -0.73%
17.68% Highest Returns
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Whole Life Aggressive Growth Fund
Fund Size: 773 Cr
773 Cr
80.68 -1.00%
17.42% Highest Returns
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Build India Fund
Fund Size: 40 Cr
40 Cr
57.38 -0.62%
16.51% Highest Returns
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Equity Top 250 Fund
Fund Size: 565 Cr
565 Cr
55.97 -0.73%
16.28% Highest Returns
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Accelerator Fund
Fund Size: 231 Cr
231 Cr
44.77 -0.77%
18.71% Highest Returns
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Top 50 Fund
Fund Size: 281 Cr
281 Cr
86.86 -0.74%
17.48% Highest Returns
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Equity Growth Fund II
Fund Size: 4,823 Cr
4,823 Cr
67.62 -0.55%
15.24% Highest Returns
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Future Apex Fund
Fund Size: 89 Cr
89 Cr
51.27 -0.89%
17.76% Highest Returns
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Blue Chip Fund
Fund Size: 8,793 Cr
8,793 Cr
47.03 -0.47%
14.83% Highest Returns
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Growth Super Fund
Fund Size: 13,855 Cr
13,855 Cr
74.81 -0.87%
15.26% Highest Returns
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Fund Size: 2,938 Cr
2,938 Cr
62.59 -0.70%
15.52% Highest Returns
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Multi Cap Growth Fund
Fund Size: 19,262 Cr
19,262 Cr
49.68 -0.51%
13.98% Highest Returns
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Equity Fund
Fund Size: 67,910 Cr
67,910 Cr
187.79 -1.74%
14.91% Highest Returns
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Equity Large Cap Fund
Fund Size: 496 Cr
496 Cr
52.44 -0.44%
13.91% Highest Returns
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Enhancer Fund-II
Fund Size: 935 Cr
935 Cr
51.97 -0.49%
14.59% Highest Returns
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Bluechip Equity Fund
Fund Size: 1,072 Cr
1,072 Cr
41.71 -0.32%
16.35% Highest Returns
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Super 20
Fund Size: 1,972 Cr
1,972 Cr
59.84 -0.52%
14.62% Highest Returns
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Future Opportunity Fund
Fund Size: 72 Cr
72 Cr
39.44 -0.66%
16.32% Highest Returns
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Bluechip Fund
Fund Size: 4,457 Cr
4,457 Cr
42.5 -0.32%
14.16% Highest Returns
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Fund Size: 1,275 Cr
1,275 Cr
114.67 -1.19%
13.92% Highest Returns
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Maximiser Fund V
Fund Size: 56,434 Cr
56,434 Cr
49.98 -0.42%
14.86% Highest Returns
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Value & Momentum
Fund Size: 671 Cr
671 Cr
45.19 -0.99%
16.1% Highest Returns
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Future Maximize Fund
Fund Size: 92 Cr
92 Cr
50.2 -0.68%
14.47% Highest Returns
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Growth Plus Fund
Fund Size: 558 Cr
558 Cr
33.81 -0.33%
12.27% Highest Returns
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Equity II Fund
Fund Size: 3,467 Cr
3,467 Cr
38.45 -0.37%
12.53% Highest Returns
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Blue-Chip Equity Fund
Fund Size: 1,113 Cr
1,113 Cr
32.66 -0.26%
12.2% Highest Returns
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Growth Fund
Fund Size: 8,660 Cr
8,660 Cr
100 -0.41%
11.1% Highest Returns
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Fund Details
Fund Size
5 Year
7 Year
10 Year
Whole Life Mid Cap Equity Fund
Fund Size: 11,839 Cr
11,839 Cr
136.57 -2.08%
23.81% Highest Returns
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High Growth Fund
Fund Size: 6,136 Cr
6,136 Cr
102.52 -2.82%
27.87% Highest Returns
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Fund Size: 4,172 Cr
4,172 Cr
87.77 -1.86%
20% Highest Returns
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Midcap Fund
Fund Size: 1,435 Cr
1,435 Cr
88.86 -2.30%
24.32% Highest Returns
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Opportunities Fund
Fund Size: 36,694 Cr
36,694 Cr
70.41 -1.29%
19.75% Highest Returns
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Accelerator Mid-Cap Fund II
Fund Size: 6,189 Cr
6,189 Cr
78.96 -1.76%
19.61% Highest Returns
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Classic Opportunities Fund
Fund Size: 13,189 Cr
13,189 Cr
63.55 -1.01%
16.97% Highest Returns
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Opportunity Fund
Fund Size: 3,062 Cr
3,062 Cr
53.68 -0.60%
16.15% Highest Returns
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Flexi Cap
Fund Size: 1,359 Cr
1,359 Cr
50.7 -0.84%
16.96% Highest Returns
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Save N Grow Money Fund
Fund Size: 68 Cr
68 Cr
55.42 -0.32%
10.61% Highest Returns
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Fund Details
Fund Size
5 Year
7 Year
10 Year
Whole Life Stable Growth Fund
Fund Size: 247 Cr
247 Cr
55.68 -0.44%
13.92% Highest Returns
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Balanced Fund
Fund Size: 352 Cr
352 Cr
44.11 -0.43%
12.56% Highest Returns
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Fund Size: 526 Cr
526 Cr
93.97 -0.61%
10.72% Highest Returns
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Balancer II
Fund Size: 837 Cr
837 Cr
36.59 -0.38%
11.81% Highest Returns
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Stable Fund
Fund Size: 22 Cr
22 Cr
32.87 -0.26%
11.89% Highest Returns
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Multi Cap Balanced Fund
Fund Size: 2,114 Cr
2,114 Cr
38.85 -0.25%
10.71% Highest Returns
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Managed Fund
Fund Size: 39 Cr
39 Cr
35.34 -0.16%
9.96% Highest Returns
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Balanced Plus Fund
Fund Size: 2,117 Cr
2,117 Cr
30.1 -0.20%
10.04% Highest Returns
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Balanced Fund-II
Fund Size: 144 Cr
144 Cr
33.46 -0.18%
9.57% Highest Returns
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Future Balance Fund
Fund Size: 70 Cr
70 Cr
36.77 -0.36%
10.11% Highest Returns
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Fund Size: 5,953 Cr
5,953 Cr
99.52 -0.39%
8.54% Highest Returns
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Cautious Asset Allocator Fund
Fund Size: 33 Cr
33 Cr
31.88 -0.07%
7.21% Highest Returns
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Fund Details
Fund Size
5 Year
7 Year
10 Year
Pure Fund
Fund Size: 494 Cr
494 Cr
48.34 -0.81%
17.28% Highest Returns
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Fund Size: 242 Cr
242 Cr
85.73 -0.29%
8.81% Highest Returns
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Whole Life Income Fund
Fund Size: 786 Cr
786 Cr
36.83 -0.04%
8.1% Highest Returns
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Fund Size: 302 Cr
302 Cr
61.74 -0.17%
7.79% Highest Returns
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Debt Fund
Fund Size: 465 Cr
465 Cr
34.91 -0.06%
7.78% Highest Returns
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Dynamic Gilt Fund
Fund Size: 198 Cr
198 Cr
43.4 -0.08%
7.77% Highest Returns
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Income Advantage
Fund Size: 825 Cr
825 Cr
38.25 -0.08%
7.76% Highest Returns
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Conservative Fund
Fund Size: 239 Cr
239 Cr
52.82 -0.12%
7.73% Highest Returns
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Secure Plus Fund
Fund Size: 337 Cr
337 Cr
30.55 -0.04%
7.69% Highest Returns
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Steady Money Fund
Fund Size: 76 Cr
76 Cr
37.12 -0.05%
7.59% Highest Returns
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Dynamic Bond Fund
Fund Size: 1,407 Cr
1,407 Cr
46.88 -0.07%
7.55% Highest Returns
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Bond Fund
Fund Size: 111 Cr
111 Cr
26.64 -0.03%
7.5% Highest Returns
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Income Fund
Fund Size: 8,794 Cr
8,794 Cr
29.47 -0.04%
7.42% Highest Returns
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Secure Fund
Fund Size: 1,016 Cr
1,016 Cr
42.42 -0.06%
7.36% Highest Returns
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Preserver II
Fund Size: 78 Cr
78 Cr
26.82 -0.04%
6.97% Highest Returns
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Fund Size: 276 Cr
276 Cr
42.65 -0.04%
6.92% Highest Returns
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Protector II
Fund Size: 762 Cr
762 Cr
27.32 -0.04%
6.76% Highest Returns
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Whole Life Short-Term Fixed Income Fund
Fund Size: 230 Cr
230 Cr
32.4 -0.02%
6.71% Highest Returns
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Future Income Fund
Fund Size: 81 Cr
81 Cr
34.1 -0.05%
6.66% Highest Returns
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Money Market Fund
Fund Size: 390 Cr
390 Cr
32.63 -0.01%
6.33% Highest Returns
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Liquid Plus
Fund Size: 267 Cr
267 Cr
21.54 0.00%
6.12% Highest Returns
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Dynamic Floating Rate Fund
Fund Size: 20 Cr
20 Cr
35.6 -0.01%
5.99% Highest Returns
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Bond Fund-II
Fund Size: 68 Cr
68 Cr
25.49 -0.03%
5.99% Highest Returns
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Liquid Fund
Fund Size: 74 Cr
74 Cr
74.2 -0.01%
5.5% Highest Returns
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Safe Money Fund
Fund Size: 61 Cr
61 Cr
23.21 -0.01%
5.22% Highest Returns
Get Details
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 12-06-2024. The returns are the returns of best-performing fund in the plan

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What is ULIP (Unit Linked Insurance Plan)?

ULIP provides both insurance and investment benefits. In this, one part of the money goes towards life insurance, and the rest gets invested in long-term savings instruments such as stocks, bonds, or mutual funds.

ULIPs are popular because they offer flexibility to policyholders for choosing investment options and allocating funds according to their risk appetite and financial goals. Additionally, ULIPs provide tax benefits under the Income Tax Act of 1961.

How to Choose Best ULIP Plans in India?

Choosing a ULIP plan can be tedious, especially given the magnitude of options available in India. Here we discuss some points that can help all investors choose their best-suited ULIP plan.

  • Analyze Personal Investment Goals

    Before investing in any ULIP plan, every investor must analyze their long-term financial goals. Choose the one that is in sync with your preferred investment tenure and future goals. They may vary from education of children to post-retirement needs. Prioritize investment goals to see which funds under a particular ULIP plan suit your future requirement.

  • Compare ULIPs

    Comparing ULIP plans to understand different features and advantages offered within a policy is essential. You can do so through our portal. Comparing different ULIPs will help you invest in the best investment plan.

  • Flexibility

    Here are two things that an investor must take into account to compare ULIP plans on the parameters of flexibility:

    • Policy Tenure 

      ULIPs provide policyholders with a range of policy tenure options, typically ranging from 5 to 30 years. This flexibility allows investors to choose a policy tenure that best suits their financial goals and requirements. 

    • Investment Range

      ULIPs offer investors a range of investment options to choose from, depending on their risk appetite and financial goals. Policyholders can choose to invest their premiums in equity, debt, or balanced funds, depending on their investment preference.

  • Evaluate Risk Profile and Financial Stability

    Before selecting a ULIP plan, it is crucial to evaluate your personal risk tolerance and financial situation. Young investors who have a higher willingness to take risks may consider plans that have a greater focus on equity, even up to 100% allocation. For those prioritizing financial stability, it is wise to opt for a debt plan.

  • Explore ULIP Plan Features

    Each ULIP plan has distinct features and benefits. Having a proper understanding of the pros and cons of each plan can help choose best-suited unit-linked insurance plan. 

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People Also Read: HDFC Annuity Plans in India

Advantages of ULIPs

Financial Goals:
Get Returns as high as 17%
Fund Control:
Free switching to manage market risk
SIPs with 150+ fund options
Diverse Portfolio:
Diverse portfolio through market-linked plan
Financial Security:
Life cover for family
Withdrawal option after 5 years
Benefits Of Market Linked Investment Plans
Get Return as high as 17%
Free Fund Switching
150+ Funds
ZERO risk through CG plan
Life cover
Withdrawable after 5 Years

Besides basic policy features, ULIP plans offer additional advantages to its policyholders. Some of the important ones are explained below:

  • Dual benefits

    ULIPs offer the combined benefits of investment and insurance in a single product. As a policyholder, you can invest your money in various market-linked funds and get life coverage.

  • Flexibility

    ULIPs offer a high degree of flexibility to investors. You can choose the amount of premium you want to pay, payment frequency, and fund options you want to invest in.

  • Transparency

    ULIPs offer transparency of charges and fund performance. The costs for ULIPs are regulated by the Insurance Regulatory and Development Authority (IRDAI), and insurers must disclose all charges upfront.

  • Tax benefits

    ULIPs offer tax benefits under Section 80C of the Income Tax Act, 1961. The premium paid towards the policy is deductible from the taxable income up to a maximum of Rs. 1.5 lakh per annum.

  • Long-term wealth creation

    ULIPs are long-term investment products as they have the potential for wealth creation over a longer period. You can choose to stay invested in the product for a longer duration to reap the benefits of compounding.

  • Flexibility to switch funds

    ULIPs offer the flexibility to switch between funds per your investment goals and risk appetite. This allows the investors to customize their investment portfolio and maximize returns.

  • Lock-in Period

    ULIP plans come with a lock-in period of 5 years that helps develop a disciplined investment habits among investors. Investors are bound to invest for a long duration to create a financial cushion for a long-term and gain maximum return on investment.

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Why Should You Invest in ULIP Schemes?

All ULIP investments are transparent and hence a good option to put the money in.
Multiple options to choose from
From high to low risk and from equity to debt funds, there are multiple fund options in ULIP to choose from.
ULIPs offer partial withdrawal of money to meet unpredictable events and emergencies.
Higher returns
12-15% returns in just 10 years due to the availability of multiple investment options.
Low Surrender Charges
ULIPs offer reasonable surrender charges compared to traditional plans, making it a good investment option.

Who Should Invest in ULIP?

The following classes of investors must consider ULIPs for long-term wealth creation:

  1. People with Medium to Long Term Investment Horizon

    ULIPs are designed for investors with a medium to long-term investment horizon. Since ULIPs have a lock-in period of 5 years, investors can stay invested for a longer duration to yield higher returns.

  2. People with Varying Risk Appetites

    ULIPs offer a range of funds that cater to investors with varying risk appetites. For instance, equity-based ULIPs are ideal for investors willing to take higher risks in exchange for potentially higher returns. On the other hand, debt-based ULIPs are suitable for investors who prefer a lower risk investment option.

    People Also Read: Pros and Cons of NPS in India

Types of ULIP Plans

ULIPs are best classified based on their purpose and death benefits.

  1. Classification by Purpose

    ULIPs based on their purpose are classified as follows:

    • ULIP for Retirement

    • ULIPs for Wealth Collection

    • ULIP for Child Education

    • ULIPs for Health Benefits

  2. Classification by Death Benefits

    Unit linked insurance plans can also be categorised on different criteria or norms. ULIPs are classified into two categories depending on the death benefit – Type 1 and Type 2.

    Parameter Type 1 ULIPs Type 2 ULIPs
    Lock-in period 5 years 5 years
    Investment options Equity, debt, or a mix of both Equity
    Charges Lower charges Higher charges
    Transparency More transparent Less transparent
    Returns Market-linked returns Returns depend on the market performance
    Risk Higher risk High risk
    Switching between funds Unlimited and free Limited and chargeable
    Sum assured At least 10 times the annual premium At least 10 times the annual premium
    Surrender value Available after 5 years Available after 5 years
    Tax benefits Tax benefits on premium paid and maturity amount Tax benefits on premium paid and maturity amount

How to Buy a ULIP Plan through Policybazaar?

Like other life insurance products, ULIP plans can be purchased online hassle-free. Consider these steps to buy ULIP plans online:

  • Go to Policybazaar's official website (www.policybazaar.com).

  • Navigate to the insurance section and select the "ULIP" category from the available options.

  • You will be asked to fill in essential details such as your age, coverage amount, policy term, and other relevant information. Provide accurate information to get the most suitable quotes.

  • Policybazaar will provide you with a list of ULIP plans from various insurance providers. Compare the features, benefits, premiums, and other factors to make an informed decision.

  • After analyzing the available options, select the ULIP plan that best aligns with your financial goals and risk appetite.

  • You will need to fill out a proposal form online, providing detailed personal and medical information.

  • Depending on the insurer's policies and the sum assured, you may need to undergo a medical examination. This is a standard procedure to assess your health condition.

  • Pay the premium for the selected ULIP plan through the available payment options on the website. Policybazaar usually offers multiple payment methods, including debit/credit cards, net banking, and digital wallets.

  • Once the payment is processed successfully, the insurance company will review your application. If everything is in order, they will issue the ULIP policy. You will receive the policy document via email or physical mail, depending on your preference.

Carefully review the plan document to ensure all the details are accurate and match your expectations. If there are any discrepancies or questions, contact Policybazaar or the insurance provider for clarification.

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investment plans for nrisinvestment plans for nris

ULIPs vs Mutual Funds 

Mutual funds and ULIPs are often seen locking horns with each other. But which is better among them - ULIPs or Mutual Funds? The answer primarily depends on three factors:

  • Risk appetite

  • Investment goals

  • Existing financial health

For a better understanding of our readers, here we have briefly compared these investment options one by one.

ULIPs Vs Mutual Fund: Comparison in Detail

Aspect ULIPs Mutual Fund
Investment Objective Provides both insurance and investment benefits Only focuses on investment objectives
Costs Higher expenses, including administration and management fees Lower expenses, mainly in the form of management fees and transaction costs
Taxation Tax-free on maturity and partial withdrawal, subject to certain conditions Taxable on capital gains and dividends as per the income tax slab rate
Transparency Higher transparency regarding fund allocation  Higher transparency regarding fund allocation
Insurance benefits Provides life insurance coverage No insurance benefits provided
Returns Returns may vary depending on market performance and other factors Returns may vary depending on market performance and other factors

ULIP Charges

ULIPs do have certain charges associated with them that are divided into multiple categories. The following are the ones you must know:

  • Premium allocation charge: The fee charged by the insurance company for allocating the premium amount to various investment funds.

  • Fund management charge: The fee charged by the fund manager for managing the investment portfolio of the ULIP.

  • Mortality charge: The fee charged by the insurance company for providing the life cover under the ULIP.

  • Policy administration charge: The fee charged by the insurance company for maintaining the policy record and providing services.

  • Surrender charge: The fee charged by the insurance company if the policyholder decides to surrender the policy before the end of the lock-in period.

  • Switching charge: The fee charged for switching between different investment funds.

  • Partial withdrawal charge: The fee charged for making partial withdrawals from the investment corpus.

  • Discontinuance Charges: On premature discontinuation of a plan within the lock-in period, the insurer deducts a small fee. Since these charges are preset by IRDA, they are the same for almost all policies.

Read More

People Also Read: How to Get 50k Pension Per Month in India?

Let Us Guide You!

Our goal at Policybazaar is to offer valuable support to investors seeking information on ULIP plans, making it easier for them to find the most suitable option. To simplify the process of comparing ULIP plans in India, our intelligent system has a built-in ULIP calculator that helps compute returns for various plans. Now is the time to secure a strong future by taking advantage of this opportunity and comparing ULIP plans on Policybazaar.

Frequently Asked Questions

  • Can I surrender my ULIP policy before the maturity period?

    Yes, you can surrender your ULIP policy before the maturity period. If you surrender your policy before the completion of the lock-in period, you have to pay a discontinuance fee. However, the policyholder will receive the money only after five years of tenure
  • What are some myths about Investing in a ULIP Plan?

    Common myths of a ULIP plan are:

    Myth 1: ULIPs are costly due to multiple inherent charges

    Myth 2: ULIPs are risky financial instruments

    Myth 3: ULIPs do not allow investment of surplus funds

    Myth 4: ULIPs allow continuation

    Myth 5: Market volatility reduces life cover

    Myth 6: Health and accident cover is not provided in ULIPs

    Myth 7: ULIPs offer low returns

  • What is ULIP NAV?

    ULIP NAV refers to the Net Asset Value of a Unit Linked Insurance Plan (ULIP). It is a measure of the value of a single unit of the ULIP fund. The NAV of a ULIP is calculated by dividing the total value of the assets held in the fund by the total number of units issued.
  • How to determine the future value of your ULIP investment?

    Insurance companies offer a ULIP calculator that assists you in determining the necessary coverage or benefits. The ULIP calculator aids in estimating the future value of an investment. 

    The investors can enter the following information to determine the most suitable policy:

    • Amount you wish to invest (monthly/yearly/one-time)

    • Policy tenure (for which you wish to stay invested)

    • Periodic investment period (for which you wish to pay premiums)

    • Expected rate of return

    By entering these specifics, the investors can analyze projected investment growth to choose a preferred plan.

  • What is the Difference between ULIP vs Traditional Plan?

    Feature ULIPs Traditional Plan
    Investment & Insurance components Combines investment and insurance into a single product Separates investment and insurance into different products
    Investment options Offers a range of investment options such as equity, debt, or balanced funds Usually limited to fixed or guaranteed return options
    Flexibility and Control Allows policyholders to switch between different investment options or make partial withdrawals Offers limited flexibility and control
    Risk and Returns Offers higher potential returns but comes with higher risk due to investment component Offers lower potential returns but comes with lower risk
    Tax Benefits Offers tax benefits on both the investment and insurance components Provides tax benefits only on the insurance component
  • What Type of Funds Do ULIP Plans Include?

    Common types of funds available with their risk characteristics are:
    • Cash (Liquid) Funds: A type of mutual fund that invests in short-term debt instruments.
    • Debt Funds: Mutual funds invest primarily in fixed income securities.
    • Equity Funds: Mutual funds that invest primarily in stocks or equities.
    • Balanced or Hybrid Funds: Mutual funds that invest in a combination of debt and equity.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ?1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ?2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.


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