Unit Linked Health Plan

A Unit Linked Health Plan (ULHP) is a type of insurance product that combines health insurance and investment components. It is an investment plan that offers policyholders the opportunity to invest a portion of their premiums in various investment funds, such as stocks, bonds, and mutual funds, while also providing health coverage.

Read more
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
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Top performing plans with High Returns*

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

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Why we need your mobile number?
We need it to confirm more details about you and advise accordingly. Our licensed experts work for you, not the insurance companies, so their advice is entirely unbiased
— No sales pitches here

What is a Unit Linked Health Plan?

By combining health insurance with investment, unit linked health plans (ULHPs) create a unique financial product. Moreover, ULHPs allow policyholders to invest in a variety of asset classes, such as equity, debt, and money market funds, depending on their risk appetite and investment goals.

ULHPs work by dividing the policyholder's premium into two parts: one part for insurance coverage and the other part for investment. The insurance part provides coverage for medical expenses, such as hospitalization, day care surgery, outpatient expenses, and critical illness coverage. The investment part is used to purchase units in various funds.

The policyholder can also choose to switch between funds at any time. This allows them to adjust their investment strategy depending on their changing risk appetite and investment goals.

Top ULIP Funds
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
1,259 Cr
Returns
28.32%
Highest Returns
Returns
24.81%
Returns
20.25%
Get Details
2,155 Cr
Returns
23.25%
Highest Returns
Returns
19.25%
Returns
17.26%
Get Details
1,804 Cr
Returns
20.23%
Highest Returns
Returns
15.93%
Returns
16.8%
Get Details
1,129 Cr
Returns
19.51%
Highest Returns
Returns
15.56%
Returns
16.78%
Get Details
808 Cr
Returns
19.08%
Highest Returns
Returns
16.31%
Returns
16.73%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
10,158 Cr
Returns
25.65%
Highest Returns
Returns
20.95%
Returns
21.46%
Get Details
3,446 Cr
Returns
24.85%
Highest Returns
Returns
17.1%
Returns
19.88%
Get Details
1,038 Cr
Returns
30.62%
Highest Returns
Returns
18.46%
Returns
19.85%
Get Details
31,393 Cr
Returns
21.88%
Highest Returns
Returns
16.37%
Returns
18.59%
Get Details
5,017 Cr
Returns
22.48%
Highest Returns
Returns
14.53%
Returns
18.46%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
210 Cr
Returns
12.75%
Returns
13.39%
Highest Returns
Returns
12.58%
Get Details
1,474 Cr
Returns
8.81%
Returns
-
Returns
11.85%
Highest Returns
Get Details
500 Cr
Returns
9.63%
Returns
10.2%
Returns
10.92%
Highest Returns
Get Details
2,037 Cr
Returns
10.9%
Highest Returns
Returns
9.56%
Returns
10.59%
Get Details
719 Cr
Returns
11.14%
Highest Returns
Returns
10.6%
Returns
10.45%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
411 Cr
Returns
18.75%
Highest Returns
Returns
13.87%
Returns
15.31%
Get Details
242 Cr
Returns
6.08%
Returns
8.11%
Returns
9.18%
Highest Returns
Get Details
532 Cr
Returns
6.91%
Returns
9.05%
Highest Returns
Returns
9.05%
Highest Returns
Get Details
776 Cr
Returns
4.13%
Returns
7.31%
Returns
8.3%
Highest Returns
Get Details
289 Cr
Returns
4.77%
Returns
7.16%
Returns
8.1%
Highest Returns
Get Details

What are the Features and Benefits of  Unit Linked Health Plan?

Some common features of Unit Linked Health Plan are:

  • Comprehensive health coverage: ULHPs provide comprehensive health coverage, including hospitalization, day care surgery, outpatient expenses, and critical illness coverage.

  • Investment potential: ULHPs offer the potential for investment growth over the long term. The policyholder can choose to invest in a variety of funds, depending on their risk appetite and investment goals.

  • Tax benefits: ULHPs offer tax benefits on premiums paid and returns received.

  • Flexibility: ULHPs offer several flexible features, such as the ability to choose your investment funds, switch between funds, and withdraw money partially or fully after the lock-in period.

  • Partial withdrawals: Some ULHPs allow policyholders to make partial withdrawals from their investment account after the lock-in period.

  • Top-ups: Policyholders can also increase their investment amount at any time during the policy term.

  • Riders: ULHPs may offer a variety of riders, such as accidental death benefits, waiver of premium, and hospital cash allowance riders.

  • Long-term financial security: ULHPs can help you achieve your long-term financial goals, such as retirement planning or saving for your child's education.

  • Goal-based planning: ULHPs can be used to achieve specific financial goals, such as saving for a down payment on a house or a child's wedding.

How Does a Unit-Linked Health Plan Work?

Unit-linked health plans (ULHPs) are in a way similar to Unit Linked Insurance Plans (ULIPs). ULHPs divide the policyholder's premium into two parts: one part for insurance coverage and the other part for investment.

The insurance part provides coverage for medical expenses, such as hospitalization, day care surgery, outpatient expenses, and critical illness coverage. The coverage amount and the premium for the insurance part will depend on the policyholder's age, health status, and the type of coverage they choose.

The investment part of the ULHP is used to purchase units in various funds, such as equity, debt, and money market funds. The policyholder can choose to invest in a variety of funds, depending on their risk appetite and investment goals.

The value of the investment part of the ULHP will fluctuate depending on the performance of the funds that the policyholder has invested in. If the funds perform well, the investment part of the ULHP will grow in value.

Who Should Invest in a Unit-Linked Health Plan?

Here are some people who may want to consider investing in a ULHP:

  • People who are looking for comprehensive health coverage: ULHPs provide coverage for a wide range of medical expenses, including hospitalization, day care surgery, outpatient expenses, and critical illness coverage. This can be a good option for people who want to be financially protected in case of a major medical emergency.

  • People who have a long-term investment horizon: Unit linked health plans are a long-term investment product. The policyholder should be willing to invest in a ULHP for at least 5 years to reap the full benefits.

  • People who are comfortable with market risk: The investment part of a ULHP is subject to market risk. This means that the policyholder could lose money if the funds that they have invested in perform poorly. Likewise, the policyholder can also earn significant returns if the funds perform well over the long term.

  • People who are looking for a flexible product: ULHPs offer several flexible features, such as the ability to choose your investment funds, switch between funds, and withdraw money partially or fully after the lock-in period. This can be a good option for people who want a product that can be adapted to their changing needs.

How to Choose the Best Unit Linked Health Plan in India?

When choosing the best unit-linked health plan (ULHP) in India, there are a few factors you should consider:

  • Health coverage and investment needs: What are your health insurance needs? How much coverage do you need? What is your risk appetite? What are your investment goals? You should choose a ULHP that meets your specific needs and requirements.

  • The insurance company: Choose a unit linked health plan from a reputable and financially sound insurance company. You can check the insurance company's financial ratings and customer reviews online.

  • The plan features: Compare the features of different ULHPs before choosing one. Consider factors such as the sum assured, coverage options, investment options, charges, and lock-in period.

  • The premium: ULHPs can be more expensive than traditional health insurance plans. However, it is important to choose a ULHP that you can afford to pay the premiums for.

FAQ's

  • What is a unit-linked health plan?

    Unit-linked health plans (ULHPs) are a unique type of financial instrument that offers a combination of health insurance and investment. The insurance part provides coverage for medical expenses, such as hospitalization, day care surgery, and outpatient expenses. At the same time, the investment part of the ULHP is used to purchase units in various funds, such as equity, debt, and money market funds.
  • Is ULIP tax-free in India?

    ULIPs offer several tax benefits in India, including:

    Tax deduction on premiums paid up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961 and Section 10(10D).

  • Is the Unit Linked Insurance Plan good?

    Whether or not a unit-linked insurance plan (ULIP) is good depends on your individual needs and circumstances. ULIPs offer a combination of life insurance and investment potential, but they are also complex products with some charges.

    Here are some of the pros of ULIPs:

    • Comprehensive life insurance coverage

    • Potential for investment growth

    • Tax benefits on premiums paid and returns received

    • Flexibility to switch between investment funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Grow your wealth & meet your Financial goals

Systematically Invest in high growth plans with returns upto 18%*
View plans
Standard T & C Apply*
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
capital guarantee
Investment Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

Ulip plans articles

Recent Articles
Popular Articles
ULIP Returns in 5 Years

06 Dec 2023

ULIP means Unit Linked Insurance Plan. It is a unique financial
Read more
Motilal Oswal Nifty Smallcap 250 Index Fund NFO

06 Dec 2023

Motilal Oswal Nifty Smallcap 250 Index Fund presents a strategic
Read more
DSP Nifty Smallcap250 Quality 50 Index Fund

06 Dec 2023

The DSP Nifty Smallcap250 Quality 50 Index Fund is a specialized
Read more
ULIP Returns in 20 Years

04 Dec 2023

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
ULIP Returns in 15 Years

04 Dec 2023

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
ULIP Calculator
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
Bajaj Allianz Life Midcap Index Fund NFO
Bajaj Allianz Life Midcap Index Fund is a newly launched New Fund Offering (NFO) offered by Bajaj Allianz Life
Read more
SBI Life Smart Privilege Plan: Benefits & Features
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
Flexi Cap Fund
A Flexi Cap Fund is a type of investment option that allows you to put your money into a mix of different-sized
Read more

top
  • Zero% commission
  • No hidden charges
  • Expert Advice
  • 100% calls recorded
Invest ₹10k/month Get ₹1Cr
Tax free on maturity*
Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL