Download the Policybazaar app
to manage all your insurance needs.
Whole Life ULIP Plans
Whole Life ULIPs are a type of plan that combines life insurance with investment options. They provide coverage for your entire life, along with the potential for growth through market-linked investments. ULIP investments are the ideal choice for securing your future and those you love.
ULIP Plans
- Take the first step to ₹1 Crore
- Plans delivering up to 18% CAGR
- 100% online, Zero paperwork
- Expert help at no extra cost
- 4.8++ Rated
- 15.8 Crore Registered Consumer
- 53 Partners Insurance Partners
- 7.16 Crore Policies Sold
We are rated++
15.8 Crore
Registered Consumer
53
Insurance Partners
7.16 Crore
Policies Sold
In-Built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
-
Home
-
Life Insurance
-
Ulip Plans
- Whole Life ULIP Plans
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:64,395 Cr
64,395 Cr
NAV
49.05
-49.05%
Returns
13.81%
Opportunities Fund
HDFC Life
AUM:32,429 Cr
32,429 Cr
NAV
76.53
-76.53%
Returns
10.17%
High Growth Fund
Axis Max Life
AUM:15,356 Cr
15,356 Cr
NAV
119.46
-119.46%
Returns
20.3%
Highest Returns
Opportunities Fund
ICICI Life
AUM:3,711 Cr
3,711 Cr
NAV
58.97
-58.97%
Returns
9.39%
Multi Cap Fund
Tata AIA Life
AUM:11,642 Cr
11,642 Cr
NAV
66.38
-66.38%
Returns
11.82%
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 Insurance Brokers Private Limited 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 is a Whole Life ULIP Investment?
Whole-life ULIP plans offer a unique combination of life insurance and investment benefits designed for those seeking long-term financial security. These plans provide guaranteed coverage throughout your entire life (usually up to age 99-100), ensuring your loved ones are protected in case of your passing. It is a long-term investment option that offers protection and growth.
The premium paid towards the policy secures the policyholder’s life and helps to grow their wealth through market-linked investments. The policyholder has the option to choose the type of investments - equity, debt, or a combination of both.
The policyholder can claim tax deductions under Section 80C and 10(10D) of the Income Tax Act^ for the premiums paid towards Whole life ULIP plans. This provision enables the policyholder to save taxes on the investment made in Whole Life ULIP plans.
How Do Whole Life ULIPs Work?
Whole Life ULIP Plans operate in a straightforward manner. Firstly, you need to pay regular premiums in monthly, quarterly, bi-annual, or annual installments.
The premiums paid serve two purposes. One of them is to offer you guaranteed life insurance protection in the form of a fixed death benefit (sum assured) in the event of the policyholder’s unexpected death. The term can range from 10 to 40 years, but in the case of Whole Life ULIP Plans, it covers the policyholder for up to 99 years.
The death benefit is monetary compensation paid to the beneficiary or immediate family members nominated while purchasing the Whole Life ULIP Plan.
The other part of the premium is distributed in equity, debt, or hybrid funds (market-linked investment options) to grow investments over time. At the end of the policy term, the investor receives the total compounded amount accrued during the investment period.
What Are the Benefits of Investing in Whole Life ULIPs?
Some benefits of investing in Whole Life ULIPs are:
-
Long-Term Wealth Creation
Whole Life ULIP Plans are designed to provide investors with a means of creating wealth over an extended period by investing in market-linked securities, and investors planning long-term wealth creation often evaluate the best SIP plans to align with their financial goals. It allows you to regularly contribute a specific amount to your policy, which grows over time and provides a substantial payout at the end of the policy term.
-
Life Insurance Protection
Apart from the investment component, Whole Life ULIP Plans also provide life insurance protection. It means that in the event of your death, the beneficiary receives a lump sum payment as per the policy coverage.
-
Policy Withdrawal
Most ULIPs have a lock-in period of 5 years. After that, you can also choose to withdraw the amount from the investment component of ULIP.
-
Maximize Returns
Whole Life ULIP Plans allow you to invest in a variety of financial products. This gives you the opportunity to achieve maximum returns on your investment, helping you to reach your life goals and financial aspirations more effectively.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns |
|---|---|---|---|---|
| SBI Life Balanced Fund | ₹71.09 | ₹18807 Cr | 5.09% | 8.38% |
| SBI Life Bond Fund | ₹51.1 | ₹14964 Cr | 5.07% | 5.95% |
| SBI Life Equity Fund | ₹188.33 | ₹77251 Cr | 5.39% | 9.92% |
| SBI Life Equity Optimiser Fund | ₹53.11 | ₹2477 Cr | 6.21% | 9.98% |
| SBI Life Growth Fund | ₹91.22 | ₹2699 Cr | 5.5% | 9.62% |
| SBI Life Money Market Fund | ₹37.89 | ₹483 Cr | 6.08% | 5.87% |
| SBI Life Top 300 Fund | ₹54.15 | ₹1874 Cr | 5.45% | 10.48% |
| SBI Life Pure Fund | ₹26.94 | ₹1191 Cr | 5.14% | 9.04% |
| SBI Life Bond Optimiser Fund | ₹22.4 | ₹3142 Cr | 5.9% | - |
| SBI Life Midcap Fund | ₹49.05 | ₹64395 Cr | 12.14% | 14.98% |
| SBI Life Corporate Bond Fund | ₹16.65 | ₹1010 Cr | 5.04% | - |
| SBI Life Balanced Pension | ₹71.49 | ₹854 Cr | 5.52% | 9.24% |
| SBI Life Equity Optimiser Pension | ₹57.15 | ₹1081 Cr | 6.49% | 10.78% |
| SBI Life Equity Elite II | ₹49.81 | ₹11198 Cr | 5.63% | 9.65% |
| SBI Life Index | ₹44.29 | ₹81 Cr | 5.14% | 10.03% |
| SBI Life Index Pension | ₹46.27 | ₹22 Cr | 5.22% | 10.09% |
| SBI Life Top 300 Pension | ₹53.39 | ₹745 Cr | 5.68% | 10.77% |
| SBI Life Discontinued Policy Fund | ₹25.99 | ₹10947 Cr | 5.61% | 5.75% |
| SBI Life Bond Pension | ₹45.55 | ₹558 Cr | 5.13% | 6.24% |
| SBI Life Equity Elite | ₹83.59 | ₹11 Cr | 7.28% | 12.29% |
| SBI Life Equity Pension | ₹72.22 | ₹13267 Cr | 6.13% | 10.77% |
| SBI Life Growth Pension | ₹72.3 | ₹678 Cr | 6.23% | 10.24% |
| SBI Life Money Market Pension | ₹35.01 | ₹172 Cr | 6.03% | 5.84% |
| SBI Life P-E Managed | ₹37.67 | ₹185 Cr | 6.08% | 8.53% |
| SBI Life Guaranteed Pension GPF070211 | ₹26.9 | ₹1 Cr | 4.93% | 5.68% |
| SBI Life Bond Pension II | ₹23.62 | ₹27769 Cr | 4.8% | 5.55% |
| SBI Life Equity Pension II | ₹39.48 | ₹10436 Cr | 4.95% | 10.16% |
| SBI Life Money Market Pension II | ₹21.36 | ₹1466 Cr | 5.79% | 5.59% |
| SBI Life Discontinue Pension Fund | ₹21.95 | ₹6012 Cr | 5.64% | - |
| SBI Life Group Growth Plus Fund | ₹56.31 | ₹3 Cr | 5.7% | - |
| SBI Life Group Debt Plus Fund | ₹39.31 | ₹114 Cr | 4.84% | - |
| SBI Life Group Balance Plus Fund | ₹47.78 | ₹10 Cr | 5.49% | - |
| SBI Life Group Balance Plus Fund II | ₹27.28 | ₹1290 Cr | 6.25% | - |
| SBI Life Group Debt Plus Fund II | ₹26.42 | ₹480 Cr | 5.56% | - |
| SBI Life Group Growth Plus Fund II | ₹26.5 | ₹282 Cr | 6.03% | - |
| SBI Life Group Short Term Plus Fund II | ₹21.81 | ₹22 Cr | 5.74% | - |
| SBI Life Group Money Market Plus Fund | ₹14.21 | ₹2 Cr | 3.36% | - |
See more plans
Is ULIP Insurance a Good Investment?
The ULIP Plan has been popular in India for a long time now and is considered a good investment option by many.
Here’s what makes ULIPs a good investment:
-
Flexibility: ULIPs allow you to adjust premium payments (within limits) and choose how your money is invested among various fund options, adapting to your changing risk tolerance and financial goals.
-
Tax Benefits: ULIPs offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961^. You can claim deductions on the premium paid towards the policy.
-
Wide Range of Funds: ULIPs offer a wide range of funds to choose from, including equity, debt and hybrid funds. This gives you the flexibility to choose a fund that matches your risk appetite and investment goals.
Trending in ulip plan
Conclusion
Whole Life ULIP plans help you achieve long-term savings and financial goals. They provide guaranteed lifetime insurance coverage, ensuring your loved ones are financially protected. Beyond death benefits, Whole Life ULIPs allow you to invest a portion of your premium, giving you the potential to accumulate wealth alongside your insurance policy. You can seek the advice of a financial advisor to determine which Whole Life ULIP plan is suitable for your individual needs and financial situation.
People also read: ULIP Calculator
FAQs
-
Can I switch between funds in a Whole Life ULIP plan?
With a ULIP policy, you can change the investment fund throughout the duration of the policy. It enables you to optimize your returns through a unit-linked insurance plan. -
Can I take a loan against my Whole Life ULIP policy?
Yes. You can take a loan against your Whole Life ULIP. The facility is available to policyholders who have made regular premium payments for at least three years. -
What is the lock-in period for a Whole Life ULIP plan?
Unit-Linked insurance plans come with a lock-in period of five years. -
How is the death benefit determined in a Whole Life ULIP plan?
In Unit Linked Insurance Plans, the nominee will receive a payment referred to as the death benefit if the policyholder passes away during the term of the policy.
Insurers Offering ULIPs
Disclaimer: Policybazaar Insurance Brokers Private Limited 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
22 Sep 2026
ULIPs provide an investor with the option to customise their
09 Sep 2026
ULIPs offer various add-on benefits to investors, which can helpExplore the popular searches and stay informed
- ULIP Calculator
- ULIP Plan
- Annuity Plan
- Child Plan
- Gift City Investment
- Guaranteed Return Plans
- Investment Plan
- LIC Calculator
- LIC
- NRI Investment Plans in India
- Pension Plan
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- What is Term Insurance
- Home Loan Insurance Calculator
˜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 Insurance Brokers Private Limited 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.
Insurance
Calculators
Payment Methods
Secured With
Follow us on
