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ULIP for Wealth Creation
Unit-linked insurance Plans (ULIPs) are financial products that combine the benefits of both investment and insurance. Designed for wealth creation, ULIPs allow policyholders to invest in various market-linked funds, such as equity, debt, or balanced funds, while also providing life insurance coverage. This dual advantage not only helps build a substantial financial corpus over time but also ensures financial protection for loved ones.
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- ULIP for Wealth Creation
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Equity Pension
SBI Life
AUM:11,974 Cr
11,974 Cr
NAV
73.5
-1.15%
Returns
11.81%
Opportunities Fund
HDFC Life
AUM:34,475 Cr
34,475 Cr
NAV
79.08
-0.87%
Returns
17.68%
Highest Returns
High Growth Fund
Axis Max Life
AUM:13,736 Cr
13,736 Cr
NAV
121.03
-0.95%
Returns
25.48%
Highest Returns
Opportunities Fund
ICICI Prudential Life
AUM:3,457 Cr
3,457 Cr
NAV
59.76
-0.95%
Returns
14.24%
Highest Returns
Multi Cap Fund
Tata AIA Life
AUM:10,579 Cr
10,579 Cr
NAV
65.54
-0.70%
Returns
18.72%
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
What are ULIPs for Wealth Creation?
ULIPs, or Unit Linked Insurance Plans, are insurance pfroducts that combine life insurance coverage with investment potential. One portion goes towards providing life insurance, so your family is financially protected in case of an unfortunate event. The remaining amount is invested in market-linked instruments like stocks and bonds. The return on your investment depends on how these chosen funds perform. ULIPs for wealth creation offer flexibility as you can often choose how to allocate your investment across different risk levels and switch between funds based on your changing needs.
Benefits of ULIP for Wealth Creation
Unit Linked Insurance Plans (ULIPs) can be a good investment option for wealth creation if you consider their features and they align with your financial goals. Here are some of the benefits of ULIPs for wealth creation:
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High Return Potential: ULIPs invest a portion of your premium in equity funds, which have the potential to generate higher returns compared to traditional fixed-income investments. This can help you accumulate wealth over the long term.
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Flexibility: ULIPs offer flexibility in terms of premium payment terms and fund allocation, and asset allocation defines the best SIP in India strategy. You can choose to pay premiums regularly or as a lump sum, and you can switch your investment between equity and debt funds based on your risk appetite and market conditions.
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Tax Benefits: Premiums paid towards ULIPs are eligible for tax deduction under Section 80C of the Income Tax Act (India) up to a certain limit. Additionally, the maturity benefit from ULIPs is generally tax-free if held for the entire policy term. ULIPs also offer deductions under Section 10(10D) of the Income Tax.
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Long-Term Investment Horizon: ULIPs are designed for long-term investment, usually with a lock-in period of 5-6 years. This encourages a disciplined savings approach, which is important for wealth creation.
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Life Insurance Coverage: ULIPs for wealth creation also provide life insurance coverage. This ensures that your family is financially protected in case of an unfortunate event.
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Power of Compounding: ULIPs allow you to reinvest your returns, which benefits from the power of compounding. This means you earn returns not just on your initial investment but also on the accumulated returns over time.
Types of ULIP Plans for Wealth Creation
ULIPs provide flexibility to create your investment portfolio with different fund choices:
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Equity Funds: Invests in stocks of companies, aiming for high returns but with higher risk due to market fluctuations. Good for long-term goals and those comfortable with risk.
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Debt Funds: Invests in fixed-income instruments like bonds, offering stable returns with lower risk. Suitable for those seeking capital preservation and predictable income.
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Balanced ULIPs: Invest in a mix of equity and debt instruments, offering a balance between growth and stability. This option suits investors with moderate risk appetites.
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Single Premium ULIPs: Involve a one-time lump sum investment, ideal for individuals with a large surplus to invest.
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Regular Premium ULIPs: Allow for spreading the investment amount over a chosen period (monthly, yearly) through regular premiums. This option caters to those seeking a more disciplined and budget-friendly approach.
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Life Stage ULIPs: These investment plans adjust your investment allocation based on your age. They usually start with a higher equity weightage in your younger years, gradually shifting towards debt as you near retirement, helping manage risk and protect accumulated wealth.
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Child ULIPs: Designed to build a corpus for your child's future needs like education or marriage. They offer features like guaranteed payouts at specific milestones.
How Do ULIP Plans Help in Wealth Creation?
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Market-Linked Returns: ULIPs invest in equity or debt funds, allowing you to earn higher returns.
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Power of Compounding: Re-investment of your returns helps your money grow exponentially over the long term.
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Flexible Investment Options: ULIPs offer a variety of funds to choose from, letting you match your risk appetite and financial goals.
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Long-Term Focus: ULIPs are designed for long-term investing, which helps ride out market fluctuations and target wealth creation.
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Life Cover: ULIPs provide life insurance protection alongside investment, offering a safety net for your family.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| SBI Life Balanced Fund | ₹71.6 | ₹20171 Cr | 7.44% | 9.51% | |
| SBI Life Bond Fund | ₹50.39 | ₹16641 Cr | 5.14% | 6.55% | |
| SBI Life Equity Fund | ₹192.27 | ₹77698 Cr | 9.7% | 11.43% | |
| SBI Life Equity Optimiser Fund | ₹53.59 | ₹2513 Cr | 10.41% | 11.32% | |
| SBI Life Growth Fund | ₹92.21 | ₹2808 Cr | 8.87% | 10.94% | |
| SBI Life Money Market Fund | ₹37.03 | ₹487 Cr | 5.85% | 5.96% | |
| SBI Life Top 300 Fund | ₹55.46 | ₹1918 Cr | 9.59% | 11.95% | |
| SBI Life Pure Fund | ₹27.05 | ₹1179 Cr | 9.52% | - | |
| SBI Life Bond Optimiser Fund | ₹22.3 | ₹3231 Cr | 6.96% | - | |
| SBI Life Balanced Pension | ₹72.21 | ₹805 Cr | 8.26% | 10.42% | |
| SBI Life Bond Pension | ₹44.82 | ₹544 Cr | 4.97% | 6.82% | |
| SBI Life Equity Pension | ₹73.5 | ₹11974 Cr | 10.92% | 12.43% | |
| SBI Life Growth Pension | ₹72.28 | ₹631 Cr | 9.48% | 11.44% | |
| SBI Life Money Market Pension | ₹34.23 | ₹149 Cr | 5.8% | 5.95% | |
| SBI Life Equity Optimiser Pension | ₹56.99 | ₹975 Cr | 10.33% | 12.05% | |
| SBI Life Top 300 Pension | ₹54.63 | ₹712 Cr | 9.91% | 12.17% | |
| SBI Life Midcap Fund | ₹50.67 | ₹57040 Cr | 18.4% | - | |
| SBI Life Corporate Bond Fund | ₹16.37 | ₹1041 Cr | 5.08% | - | |
| SBI Life Equity Elite II | ₹50.57 | ₹11654 Cr | 9.22% | 11.04% | |
| SBI Life Index | ₹46.26 | ₹92 Cr | 9.88% | 11.58% | |
| SBI Life Index Pension | ₹48.29 | ₹25 Cr | 10% | 11.61% | |
| SBI Life Discontinued Policy Fund | ₹25.5 | ₹10510 Cr | 5.52% | 5.92% | |
| SBI Life Equity Elite | ₹85.45 | ₹12 Cr | 12.05% | 13.78% | |
| SBI Life P-E Managed | ₹38.3 | ₹202 Cr | 8.91% | 9.84% | |
| SBI Life Guaranteed Pension GPF070211 | ₹26.58 | ₹2 Cr | 4.99% | 6.44% | |
| SBI Life Bond Pension II | ₹23.36 | ₹28724 Cr | 4.9% | 6.19% | |
| SBI Life Equity Pension II | ₹40.64 | ₹11211 Cr | 9.79% | 11.82% | |
| SBI Life Money Market Pension II | ₹20.9 | ₹1524 Cr | 5.57% | 5.69% | |
| SBI Life Discontinue Pension Fund | ₹21.54 | ₹6508 Cr | 5.53% | - | |
| SBI Life Group Growth Plus Fund | ₹56.63 | ₹3 Cr | 7.94% | - | |
| SBI Life Group Debt Plus Fund | ₹40.15 | ₹112 Cr | 6.01% | - | |
| SBI Life Group Balance Plus Fund | ₹48 | ₹10 Cr | 6.94% | - | |
| SBI Life Group Balance Plus Fund II | ₹26.34 | ₹1035 Cr | 6.95% | - | |
| SBI Life Group Debt Plus Fund II | ₹26.08 | ₹309 Cr | 6.07% | - | |
| SBI Life Group Growth Plus Fund II | ₹26.57 | ₹274 Cr | 8.26% | - | |
| SBI Life Group Short Term Plus Fund II | ₹21.5 | ₹19 Cr | 5.76% | - | |
| SBI Life Group Money Market Plus Fund | ₹13.97 | ₹2 Cr | 3.21% | - |
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How to Choose the Right ULIP for Wealth Creation?
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Align with your goals: Pick a ULIP that matches your investment horizon and financial objectives.
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Risk appetite matters: Choose an investment mix (debt, equity) that suits your risk tolerance.
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Cost control: Compare ULIPs and choose one with minimal charges (allocation, administration, mortality).
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Flexibility is key: Look for options to switch funds and adjust premiums as needed.
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Life cover matters: Ensure the ULIP offers sufficient life insurance coverage for your dependents.
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Research fund performance: Pick a ULIP with a history of strong fund performance.
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FAQs
-
Are ULIPs good for wealth creation?
ULIPs can be good for wealth creation, especially for long-term goals. They offer potential for market-linked returns alongside life insurance protection. -
What are the different types of ULIPs for wealth creation?
ULIPs offer investment options in equity, debt, or balanced funds. Choose based on your risk tolerance. -
How do ULIPs help with wealth creation?
ULIPs invest a portion of your premium in chosen funds. Potential growth in these funds can help build wealth over time. -
What are the benefits of ULIPs for wealth creation?
Benefits include the potential for high returns, flexibility in fund choices, and tax exemptions (in some countries). -
What are the things to consider when choosing a ULIP for wealth creation?
Consider your investment horizon, risk appetite, ULIP charges, and flexibility features like fund switching.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
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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.