Unit Linked Insurance Plans, popularly known as ULIP plans are one of the most popular insurance policies available in India that provide you dual benefits of both risk coverage and investment options under a single plan. It allows you to invest your capital in assets like mutual funds, bonds, and stocks that allow you to gain high returns.
It is also a perfect match for people looking to get tax benefits. According to section 80C of the Income Tax Act of India, ULIP plans are eligible for tax deductions and benefits. Moreover, you can customize the policy as per your risk capacity as well.
Several ULIP policies also allow you to make a personalized investment portfolio based on several financial instruments available. While choosing a Unit Linked Insurance Plan, you need to make sure that you know your risk appetite as well as financial requirements.
Moreover, you should also keep your future requirements in mind while choosing a ULIP plan as well. They are also considered as one of the most transparent investment options available with a very attractive price tag.
All the required charges are stated clearly in the policy agreement. At any point of your policy tenure, you can switch your investment preferences from debt to equity and vice versa, that too without incurring any hefty charges.
When it comes to the benefits offered by ULIP Plans, the sky’s the limit. They are one of the most popular investment plans available in India, offered by almost all the top insurance providers. However, such a wide range of options also invites confusion.
With that said, let us take a look at some of the best ULIP plans to gain maximum returns:
The Canara HSBC Oriental Bank of Commerce invest 4G plan is an individual unit-linked insurance plan that provides you the benefits of both savings and life cover. It is one of the most prominent ULIP policies available in India that can also be personalized as per your preferences.
There are various customization features available in this policy that allow you to gain complete control over your investments and tweak them as per your ranging requirements. With the help of this plan, you can choose from numerous portfolio management options as well.
Additionally, this ULIP plan provides you great flexibility and helps you achieve all your financial needs along with unparalleled insurance benefits. You must check out this plan to enjoy a complete financial safeguard for your family.
The ICICI Pru Wealth Builder II is a great plan to gain financial protection for your family. In addition to the savings benefits offered, the plan also provides insurance coverage without any additional costs involved.
If you’re looking to specifically accumulate wealth by making consistent investments over the long term, this plan is surely a perfect choice for you. It allows you to choose from two different investment portfolio options that are created as per varying financial milestones and requirements.
Furthermore, you can also choose a preferred sum assured as per your requirements. The plan also offers great flexibility by allowing you to choose your desired premium payment terms, which makes this plan a highly convenient option for you.
The Goal Assure Plan offered by Bajaj Allianz Life Insurance is a unit-linked insurance plan designed specifically to help you accumulate funds that allow you to achieve all your life goals easily. It offers a great variety of benefits through several unique options.
With this plan, you can choose from more than eight different fund options to invest your funds and enjoy great returns with time. The plan also allows you to choose from four different investment strategies based on your risk-taking capacity.
There’s also comprehensive life coverage available in the plan in addition to loyalty additions that feature tax-free returns. You can even withdraw your funds partially in case of any sudden financial emergency.
After completing a lock-in period of five years in the policy, you can withdraw your funds partially as per your needs. You can even customize the payment frequency of your plan at any point in your policy tenure.
The Max Life Fast Track Super Plan is an individual ULIP policy that helps you attain a financially secure future through regular and consistent investments. It’s a complete financial safeguard for your family that allows you to select from a wide range of premium payments and policy terms.
The plan boasts several unique features that make it one of the best ULIP plans available In India. With this plan, you can also invest your funds in market-linked financial instruments like mutual funds and stocks with several different investment strategies to choose from.
Additionally, as this is a non-linked insurance plan, all the returns gained are completely yours. Once you’ve finished the tenure of your policy, you’ll also gain an assured sum that can be paid either after your death or maturity of the policy.
Unit Linked Insurance Plans are a form of hybrid plans that provide you combined benefits of both savings and insurance. With this plan, you can make long-term investments in market-linked funds and gain great returns for your future.
As there are several different types of insurance providers offering ULIP policy in India, you must make sure that you choose the best ulip plans out of the ones available. A plan that resonates the most with your financial requirements. With the options listed above, you can make a decision easily.
By investing in a ULIP plan, you can make sure that your family is secured against any unforeseen circumstances and helps you achieve all your life goals without having to depend on anyone. Therefore, make sure that you must invest in these plans.