UTI ULIP NAV

What is UTI ULIP?

UTI Unit Linked Insurance Plan (ULIP) is a financial product that offers both life insurance coverage and investment options. It is a type of mutual fund where a portion of the premium is used to provide life insurance cover, and the remaining portion is invested in qualified investments like:

• Stocks

• Bonds

• Mutual funds

• Money Market Instruments (MMIs)

Thus, this best investment plan also provides the opportunity to generate higher returns over the long term. 

The UTI ULIP plan invests a minimum of 60% of funds in debt assets and up to 40% in equity assets. You also get a life insurance cover of Rs. 15 lakhs and a personal accidental cover of up to Rs. 50,000.

The plan also offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act 1961.

About UTI ULIP NAV

UTI Unit Linked Insurance Plan is an insurance plan with tax-saving options that has been available since its launch in October 1971, and it remains open for investors. The fund is managed by UTI Mutual Fund, one of the oldest and largest mutual fund companies in India.

The UTI ULIP NAV is available in two options: 

• Regular Option: The Regular Option of UTI ULIP Fund is available through mutual fund distributors and UTI Mutual Fund offices.

• Direct Option: The Direct Option of UTI ULIP Fund is available directly from UTI Mutual Fund.

Overview of UTI ULIP NAV

Portfolio of UTI ULIP NAV ~ as of 05 October 2023

*NCD: Non-Convertible Debentures
**PTC: Pass-Through Certificate

UTI ULIP Returns

*Returns Since Inception

Steps to Invest in UTI ULIP NAV

To invest in UTI ULIP NAV, you can follow the steps mentioned below:

Step 1: Visit the UTI Mutual Fund website or contact a mutual fund distributor.

Step 2: Fill in an application form and provide your personal and financial details along with the documents like:

• Identity proof: PAN card, Aadhaar card, or passport

• Address proof: Bank statement, utility bill, or driving license

• Income proof: Salary slip, Form 16, or IT return (optional)

Step 3: Choose the investment option (Regular or Direct) and the investment mode (lump sum or SIP).

Step 4: Make a payment of the required amount.

UTI ULIP Renewal

For UTI ULIP policies, renewal refers to the process of extending your unit-linked insurance plan (ULIP) for another term. This typically involves paying the necessary premiums to keep your insurance coverage and investment benefits active. It is important to renew your UTI ULIP on time to ensure continuous protection and investment growth.

Benefits of Investment in UTI ULIP 

UTI ULIP offers you a number of benefits, some of which are as follows:

• The diversified portfolio of the UTI Mutual Fund ULIP NAV allows you to grow your money while securing your financial future, and Portfolio goals define which SIP is best to choose when aligning long-term investments with protection needs.

• UTI Mutual Fund has 45 years of success in investor wealth building.

• The investment portfolio of UTI ULIP is ideal for long-term growth with stocks and bonds.

• The fund offers a low expense ratio for cost-effective investing.

• No medical exams are required for life coverage under the UTI Unit Linked Insurance Plan.

• You can maintain coverage even during non-receipt of contributions.

• The UTI ULIP plan offers tax benefits on investments made under the IT Act 1961.

• Some other benefits of investment in Unit Trust of India ULIP NAV are as follows:

  • Minimal withdrawal costs.

  • Hassle-free claim settlement

  • Access to immediate exit options