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Partial Withdrawal Feature in ULIPs
ULIPs offer a flexible feature known as partial withdrawal. This allows policyholders to access a portion of their invested funds without surrendering the entire policy. This can be particularly useful in times of financial need, providing a source of liquidity without completely compromising future benefits.
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- Partial Withdrawal Feature in ULIPs
What is Partial Withdrawal Feature in ULIPs?
Partial withdrawal is a feature offered in Unit Linked Insurance Plans (ULIPs) that allows policyholders to withdraw a portion of their invested funds without surrendering the entire policy. This feature can be beneficial in situations where you need funds for specific purposes like medical emergencies, education expenses, or home renovations.
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:59,296 Cr
59,296 Cr
NAV
51.76
-0.26%
Returns
19.2%
Highest Returns
Opportunities Fund
HDFC Life
AUM:35,005 Cr
35,005 Cr
NAV
81.39
-0.41%
Returns
15.69%
Highest Returns
High Growth Pension Fund
Axis Max Life
AUM:32 Cr
32 Cr
NAV
10.58
-0.06%
Returns
22.85%
Highest Returns
US Technology Advantage Fund
ICICI Prudential Life
AUM:0 Cr
0 Cr
NAV
0.00%
Returns
-
Multi Cap Fund
Tata AIA Life
AUM:10,835 Cr
10,835 Cr
NAV
67.87
-0.33%
Returns
16.19%
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Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Making Partial Withdrawals Before the Completion of the Lock-in Period
During the ULIP lock-in period, it is not possible to make partial withdrawals from a ULIP. This means that you cannot withdraw a portion of your invested amount before the completion of five years. Even if you wish to surrender or discontinue the policy before the lock-in period ends, you will have to wait until the completion of five years to receive your funds.
People also read: What is ULIP
Making Partial Withdrawals after the Lock-in Period
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Eligibility: You can make partial withdrawals after the lock-in period ends.
-
Restrictions: You cannot withdraw the entire accumulated fund before maturity, surrender, or discontinuation.
-
Minor Policyholders: Children can only make partial withdrawals after turning 18.
-
Consideration: Carefully consider the implications of partial withdrawals before making a decision.
What are the Limits on Partial Withdrawal?
While there's no strict limit on partial withdrawals from your ULIP, excessive withdrawals can lead to policy termination. The specific limits vary by insurer. Generally, you can withdraw up to 10% of the total premium paid after the lock-in period. Other restrictions like minimum withdrawal amounts or annual limits may also apply. Always review your policy document for detailed information.
People also read: ULIP Calculator
What are the Effects of Partial Withdrawal on Life Cover?
Partial withdrawals from a Unit Linked Insurance Plan (ULIP) can reduce the sum assured. This means the amount your beneficiaries receive in case of your unfortunate demise might be lower. Investors planning long-term wealth creation often evaluate the best SIP plans to align with their financial goals. However, if you withdraw funds more than two years before your death, the sum assured typically remains unaffected. Always consult your policy documents to understand the specific rules and consequences of partial withdrawals for your ULIP.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| SBI Life Balanced Fund | ₹73 | ₹19882 Cr | 7.33% | 9.19% | |
| SBI Life Bond Fund | ₹51.67 | ₹16422 Cr | 5.71% | 6.57% | |
| SBI Life Equity Fund | ₹195.16 | ₹76974 Cr | 8.83% | 10.88% | |
| SBI Life Equity Optimiser Fund | ₹54.21 | ₹2503 Cr | 9.55% | 10.76% | |
| SBI Life Growth Fund | ₹94.27 | ₹2777 Cr | 8.33% | 10.5% | |
| SBI Life Money Market Fund | ₹37.34 | ₹501 Cr | 5.93% | 5.93% | |
| SBI Life Top 300 Fund | ₹55.88 | ₹1903 Cr | 8.68% | 11.34% | |
| SBI Life Pure Fund | ₹27.51 | ₹1197 Cr | 8.35% | 10.36% | |
| SBI Life Bond Optimiser Fund | ₹22.79 | ₹3207 Cr | 7.15% | - | |
| SBI Life Bluechip Fund | ₹9.85 | ₹3289 Cr | - | - | |
| SBI Life Balanced Pension | ₹73.3 | ₹808 Cr | 7.97% | 10.02% | |
| SBI Life Bond Pension | ₹45.92 | ₹546 Cr | 5.56% | 6.81% | |
| SBI Life Equity Pension | ₹74.73 | ₹12146 Cr | 10.01% | 11.89% | |
| SBI Life Growth Pension | ₹74.1 | ₹634 Cr | 9% | 11.01% | |
| SBI Life Money Market Pension | ₹34.52 | ₹151 Cr | 5.89% | 5.92% | |
| SBI Life Equity Optimiser Pension | ₹57.55 | ₹980 Cr | 9.49% | 11.43% | |
| SBI Life Top 300 Pension | ₹55.03 | ₹720 Cr | 8.94% | 11.55% | |
| SBI Life Midcap Fund | ₹51.76 | ₹59296 Cr | 16.69% | 17.17% | |
| SBI Life Corporate Bond Fund | ₹16.72 | ₹1031 Cr | 5.48% | - | |
| SBI Life Equity Elite II | ₹51.21 | ₹11536 Cr | 8.59% | 10.44% | |
| SBI Life Index | ₹46.25 | ₹90 Cr | 8.85% | 10.76% | |
| SBI Life Index Pension | ₹48.3 | ₹25 Cr | 8.98% | 10.81% | |
| SBI Life Discontinued Policy Fund | ₹25.86 | ₹10597 Cr | 5.72% | 5.94% | |
| SBI Life Equity Elite | ₹86.4 | ₹12 Cr | 11.31% | 13.17% | |
| SBI Life P-E Managed | ₹38.73 | ₹199 Cr | 8.43% | 9.26% | |
| SBI Life Guaranteed Pension GPF070211 | ₹27.04 | ₹2 Cr | 5.25% | 6.28% | |
| SBI Life Bond Pension II | ₹23.91 | ₹28624 Cr | 5.43% | 6.16% | |
| SBI Life Equity Pension II | ₹41.11 | ₹11046 Cr | 8.81% | 11.2% | |
| SBI Life Money Market Pension II | ₹21.07 | ₹1524 Cr | 5.65% | 5.66% | |
| SBI Life Discontinue Pension Fund | ₹21.83 | ₹6502 Cr | 5.74% | - | |
| SBI Life Group Growth Plus Fund | ₹57.6 | ₹3 Cr | 7.8% | - | |
| SBI Life Group Debt Plus Fund | ₹41.1 | ₹112 Cr | 6.4% | - | |
| SBI Life Group Balance Plus Fund | ₹48.99 | ₹10 Cr | 7.11% | - | |
| SBI Life Group Balance Plus Fund II | ₹26.92 | ₹1066 Cr | 7.13% | - | |
| SBI Life Group Debt Plus Fund II | ₹26.72 | ₹323 Cr | 6.49% | - | |
| SBI Life Group Growth Plus Fund II | ₹27.08 | ₹288 Cr | 8.14% | - | |
| SBI Life Group Short Term Plus Fund II | ₹22.05 | ₹19 Cr | 6.2% | - | |
| SBI Life Group Money Market Plus Fund | ₹14.06 | ₹2 Cr | 3.26% | - | |
| SBI Life Group Balanced Pension Fund | ₹10.21 | ₹125 Cr | - | - |
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Conclusion
The partial withdrawal feature in ULIPs offers valuable flexibility for policyholders, providing a means to access funds without surrendering the entire policy. While it's important to be aware of potential implications on sum assured and future benefits, partial withdrawals can be a helpful tool for managing financial needs.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^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.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.