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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
Bharti AXA Life Insurance is an insurance company formed between Bharti Enterprises, the Indian counterpart which has multiple businesses in India including telecom, agriculture, retail and financial services and AXA Group, the foreign counterpart. The insurance company was established in December 2006. Bharti AXA Life offers a diverse range of ULIP plans catering to various financial goals and risk appetites.
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
|
---|---|---|---|---|---|---|
Growth Opportunities Plus Fund
Fund Size: 1,058 Cr
|
1,058 Cr |
74.21 -0.29% |
22.2% Highest Returns |
16.56% |
16.15% |
Get Details |
Grow Money Plus Fund
Fund Size: 466 Cr
|
466 Cr |
70.41 -0.27% |
21.15% Highest Returns |
16.13% |
15.52% |
Get Details |
Build India Fund
Fund Size: 45 Cr
|
45 Cr |
62.89 -0.25% |
19.96% Highest Returns |
15.29% |
14.96% |
Get Details |
Save N Grow Money Fund
Fund Size: 70 Cr
|
70 Cr |
58.68 -0.12% |
11.99% Highest Returns |
10.43% |
10.83% |
Get Details |
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
---|
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
|
---|---|---|---|---|---|---|
Steady Money Fund
Fund Size: 68 Cr
|
68 Cr |
38.01 -0.01% |
5.99% |
6.27% |
7.76% Highest Returns |
Get Details |
Safe Money Fund
Fund Size: 62 Cr
|
62 Cr |
23.51 0.00% |
4.06% |
4.41% |
5.17% Highest Returns |
Get Details |
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
Returns as on 10-10-2024. The returns are the returns of best-performing fund in the plan
Disclaimer :
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Unit Linked Insurance Plans (ULIPs) are financial instruments that combine insurance coverage with investment opportunities. These plans provide policyholders with the dual benefit of life insurance protection and the potential for wealth creation through investment in various market-linked funds. When an individual invests in a ULIP, a portion of the premium goes towards securing life insurance, while the remaining amount is allocated to investment funds of the policyholder's choice, such as equity, debt, or a combination of both.
ULIPs offer tax benefits under Section 80C of the Income Tax Act for the premium paid. Additionally, the maturity proceeds and death benefit are usually tax-free under Section 10(10D). They can be suitable for those seeking insurance coverage and an opportunity for wealth creation through market-linked investments.
Below are the types of ULIP Plans sold by the company and their features and benefits.
Bharti AXA Life Wealth Maximizer is a unit-linked, non-participating individual investment plan that offers a unique combination of life cover, wealth creation, and charge transparency.
Key features of the plan:
Return of All Charges: 118% of all charges applicable during the premium payment term viz Mortality charges, Premium allocation charges, Fund management charges and Policy administration charges are refunded back into the Policy Fund Value.
Loyalty Additions: As an incentive for maintaining your policy, Wealth Maximizer offers loyalty additions, a percentage of your fund value added back to your policy, further boosting your wealth accumulation.
Flexibility in Payment and Term: Choose premium payment options and policy terms that suit your budget and financial goals. Whether you prefer monthly, quarterly, yearly, or lump sum payments and a term length of 5, 10, 15, or 20 years, there's a plan configuration for you.
Tailored Investment Strategies: Optimize your investment journey with two distinct strategies: Dynamic Fund Allocation, which automatically adjusts your fund allocation based on market conditions, and Systematic Transfer Plan, which allows you to gradually shift funds from equity to debt over time, securing your accumulated wealth. You can also select from a range of investment funds matching your risk appetite and financial objectives.
Tax Benefits: Enjoy potential tax benefits on premiums paid and received, subject to prevailing tax laws. Remember, these benefits are subject to change, so consult a tax advisor for the latest information.
People also read: What is ULIP
Bharti AXA Life Wealth Pro Plan is an individual-linked life insurance cum savings plan that offers you a comprehensive financial solution. It provides life cover up to 10 times your premium while helping you build wealth over the long term.
The plan also comes with a number of features and benefits, including:
You can choose from two variants:
Growth Variant: This variant focuses on wealth creation and market-linked returns.
Legacy Variant: This variant provides additional benefits for your family in case of your untimely demise. It offers guaranteed income for your loved ones along with market-linked returns on your investment.
Wealth Booster: This feature helps you grow your wealth further by adding additional units to your policy based on your investment performance.
Multiple Investment Strategies: You can choose from a variety of investment strategies to suit your risk appetite and investment goals.
Tax benefits: You can avail tax deductions on premiums paid and tax-free maturity benefit under this plan.
Eligibility:
Parameter | Eligibility |
Entry Age | Minimum 0 to Maximum 65 years |
Maturity Age | Maximum 99 years |
Policy Term | 10 years, 15 years, 20 years |
Sum Assured | 5 years, 7 years, 10 years, 15 years, 20 years |
Premium Payment | Annual, Semi-annual, quarterly, monthly |
People also read: ULIP Calculator
Bharti AXA Life Grow Wealth is a Unit Linked Insurance Plan (ULIP) that combines the benefits of life insurance with the potential for wealth creation through market-linked investments. It is designed to offer:
Investment Tenure: Choose the investment duration that suits your needs, from short-term to long-term.
Premium Payment: Pay premiums in a single lump sum, for a limited period, or throughout the policy term.
Life Coverage: Select life coverage for one individual (Single Life) or two individuals (Joint Life).
Loyalty Additions: Receive additional units at the end of each policy year from the 6th year onwards, boosting your final payout.
Multiple Fund Options: Choose from 8 funds with varying risk-return profiles to match your investment goals.
Zero Premium Allocation Charges: Invest every penny of your premium directly into your chosen fund.
Bharti AXA Life ULIP plans offer a promising avenue for wealth creation with a built-in life cover. However, a thorough understanding of the associated charges, market risks, and alternative options is crucial before making an informed decision. Consult a financial advisor to assess your situation and choose the plan that aligns with your unique needs and risk profile.
*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.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in