Download the Policybazaar app
to manage all your insurance needs.
Switch Investment Mix with ULIPs
Many of us reading this article have invested in ULIPs or planning to invest in it. We are familiar with ULIP as an investment tool that offers insurance also and know that the ULIP full form is Unit Linked Investment Plan. Today let’s understand the switching option offered by ULIP that is not much popular but is nevertheless, an effective feature. Here you will get to know how you can change your investment mix and that too without having to bear any additional costs.
ULIP Plans
- Plan starting from ₹1,000/month
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- In built life cover
- 4.8++ Rated
- 12.02 Crore Registered Consumer
- 51 Partners Insurance Partners
- 5.9 Crore Policies Sold
We are rated++
12.02 Crore
Registered Consumer
51
Insurance Partners
5.9 Crore
Policies Sold
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
-
Home
-
Life Insurance
-
Ulip Plans
-
Articles - UP
- Switch Investment Mix with ULIPs
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Equity Fund
SBI
AUM:81,769 Cr
81,769 Cr
NAV
210.13
-1.08%
Returns
12.66%
Opportunities Fund
HDFC Standard
AUM:36,970 Cr
36,970 Cr
NAV
78.94
-0.21%
Returns
17.78%
High Growth Fund
Max Life
AUM:11,792 Cr
11,792 Cr
NAV
118.06
-0.42%
Returns
25.43%
Opportunities Fund
ICICI Prudential
AUM:3,553 Cr
3,553 Cr
NAV
62.33
-0.26%
Returns
15.64%
Multi Cap Fund
Tata AIA
AUM:9,302 Cr
9,302 Cr
NAV
65.44
-0.22%
Returns
18.88%
see more plans
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
Being an ULIP investor, you are allowed to change the investment options under your plan. For example, if you find the market favorable, you can change exposure to equities. There is a huge count of people who are unaware of the switch feature available with ULIP. Approximately, only 20% know about this option and less than 5% access it. You might lose some major benefits by not utilizing this feature.
Switching requires a proper analysis of the market and needs the ULIP investor to create a perception of market and decide on his/her risk capacity. The triggering market level can be used to pull your asset allocation with every 10% change. A proactive policyholder is expected to yield good result with clever switching and systematic asset allotment.
Switching feature is free hence you don’t require worrying about the cost, and utilize the option for as many times you wish to. Earlier there was a predefined number set for free switches in a year but not anymore. The process of switching simply requires you to access your policy online on the insurance company’s website and alter the investment mix as desired. In case you are unable to check online, just submit a switch request form to the insurance company.
Switching decisions can be linked to Price to Earnings (PE) ratio of the index by the sophisticated investors. PE is derived on dividing index level by the earning per share (EPS). In April-June 2014-15 the Nifty EPS was Rs 376. The value of EPS depends on the quarterly results declared by companies. On 15 September, Nifty was at 8,040 and PE was 21.38 i.e. little above its average of 18.5.
You are free from any sort of tax implication when switching asset allocation of your ULIP. Being an insurance product, ULIP offers tax-free long and short- term gains. In case of mutual funds, the tax-free label is applicable only on equity-oriented balanced funds and long-term gains from equity funds. In case of equity funds, short-term gains are taxed at 15%.
The change in market needs proper analysis for availing the switching feature. You could have increased your exposure to stocks a year ago when Nifty was at 5,285 and PE was 15.23. Currently, it is better to cut down exposure to stocks as the index has touched 8000.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| SBI Life Balanced Fund | ₹74.72 | ₹22439 Cr | 8.97% | 10.29% | |
| SBI Life Bond Fund | ₹50.3 | ₹18103 Cr | 5.19% | 6.9% | |
| SBI Life Equity Fund | ₹208.04 | ₹82996 Cr | 12.47% | 12.57% | |
| SBI Life Equity Optimiser Fund | ₹56.39 | ₹2715 Cr | 12.53% | 12.07% | |
| SBI Life Growth Fund | ₹96.98 | ₹3064 Cr | 11.12% | 11.87% | |
| SBI Life Money Market Fund | ₹36.27 | ₹429 Cr | 5.66% | 6.05% | |
| SBI Life Top 300 Fund | ₹58.66 | ₹2006 Cr | 11.93% | 12.92% | |
| SBI Life Pure Fund | ₹27.13 | ₹1182 Cr | 11.29% | - | |
| SBI Life Bond Optimiser Fund | ₹22.54 | ₹3286 Cr | 7.52% | - | |
| SBI Life Bluechip Fund | ₹10.31 | ₹2655 Cr | - | - | |
| SBI Life Balanced Pension | ₹74.8 | ₹772 Cr | 9.53% | 11.12% | |
| SBI Life Bond Pension | ₹44.58 | ₹513 Cr | 5.06% | 7.14% | |
| SBI Life Equity Pension | ₹77.42 | ₹11050 Cr | 13.51% | 13.28% | |
| SBI Life Growth Pension | ₹75.43 | ₹608 Cr | 11.61% | 12.32% | |
| SBI Life Money Market Pension | ₹33.52 | ₹131 Cr | 5.62% | 6.05% | |
| SBI Life Equity Optimiser Pension | ₹60.56 | ₹947 Cr | 12.59% | 12.87% | |
| SBI Life Top 300 Pension | ₹56.75 | ₹682 Cr | 11.87% | 12.95% | |
| SBI Life Midcap Fund | ₹49.65 | ₹49420 Cr | 20.26% | - | |
| SBI Life Corporate Bond Fund | ₹16.32 | ₹1058 Cr | 5.19% | - | |
| SBI Life Equity Elite II | ₹53.32 | ₹12622 Cr | 11.42% | 11.94% | |
| SBI Life Index | ₹50.19 | ₹115 Cr | 13.11% | 12.99% | |
| SBI Life Index Pension | ₹52.34 | ₹30 Cr | 13.18% | 13.02% | |
| SBI Life Discontinued Policy Fund | ₹25.2 | ₹9761 Cr | 5.45% | 6.12% | |
| SBI Life Equity Elite | ₹91.19 | ₹13 Cr | 14.66% | 14.92% | |
| SBI Life P-E Managed | ₹39.55 | ₹238 Cr | 10.26% | 10.54% | |
| SBI Life Guaranteed Pension GPF070211 | ₹26.35 | ₹3 Cr | 4.91% | 6.78% | |
| SBI Life Bond Pension II | ₹23.31 | ₹29557 Cr | 4.95% | 6.52% | |
| SBI Life Equity Pension II | ₹43.82 | ₹12893 Cr | 12.74% | 13.01% | |
| SBI Life Money Market Pension II | ₹20.48 | ₹1553 Cr | 5.36% | 5.77% | |
| SBI Life Discontinue Pension Fund | ₹21.26 | ₹6722 Cr | 5.42% | - | |
| SBI Life Group Growth Plus Fund | ₹58.11 | ₹3 Cr | 9.35% | - | |
| SBI Life Group Debt Plus Fund | ₹40.34 | ₹113 Cr | 6.33% | - | |
| SBI Life Group Balance Plus Fund | ₹48.69 | ₹11 Cr | 7.6% | - | |
| SBI Life Group Balance Plus Fund II | ₹26.69 | ₹805 Cr | 7.56% | - | |
| SBI Life Group Debt Plus Fund II | ₹26.12 | ₹227 Cr | 6.3% | - | |
| SBI Life Group Growth Plus Fund II | ₹27.16 | ₹238 Cr | 9.28% | - | |
| SBI Life Group Short Term Plus Fund II | ₹21.38 | ₹21 Cr | 5.8% | - | |
| SBI Life Group Money Market Plus Fund | ₹12.44 | ₹2 Cr | 1.05% | - |
See more plans
˜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.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Investment Calculator
- One time
- Monthly
₹
/ Year
Sensex has given 10% return from 2010 - 2020
View plans
Ulip plans articles
Recent Articles
Popular Articles
02 Jul 2025
The Sahara Life ULIP Plan Calculator is a reliable online
24 Jun 2025
Planning your future needs both protection and wealth creation.
24 Jun 2025
Axis Max Life Flexi Wealth Advantage Plan is a unit-linked
05 Jun 2025
The Bandhan Life ULIP calculator is a financial tool that helps
05 Jun 2025
The Reliance ULIP Plan Calculator is a reliable financial toolExplore the popular searches and stay informed
- ULIP Calculator
- ULIP Plan
- 50k Pension Per Month
- Annuity Plan
- Atal Pension Yojana Calculator
- Best Pension Plan in India
- Best SIP Plans
- Child Investment Plan
- Child Plan
- CIBIL Score
- Deferred Annuity Plans
- Government Schemes for Girl Child
- HDFC SIP Calculator
- Immediate Annuity Plans
- Investment Plan
- LIC Calculator
- LIC
- NPS Interest Rate
- Pension Plan
- Post Office Child Plan
- Prime Minister Schemes For Boy Child
- Retirement Planning
- SBI Annuity Deposit Scheme Calculator
- SBI SIP Calculator
- SBI SIP
- SIP Calculator
- SIP
- Sukanya Samriddhi Yojana Interest Rate
- Sukanya Samriddhi Yojana
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for Women
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- Term Insurance with Return of Premium
- Whole Life Insurance
- Term Insurance vs Life Insurance
- What is Term Insurance
- Life Insurance Calculator
- 5 Crore Term Insurance
- 2 Crore Term Insurance
- 50 Lakh Term Insurance
- Term Insurance for Housewife
- Benefits of Term Insurance
- Term Insurance Terminology
- Medical Tests for Term Insurance
- Term Insurance for Self Employed
- Claim Settlement Ratio
- 10 Crore Term Insurance
- Term Insurance for Smokers
- 1.5 Crore Term Insurance
- Zero Cost Term Insurance
- FIRE Calculator