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Unit Linked Insurance Plan in Ahmedabad. What If Your Life Insurance Could Also Make You Richer?

One plan does two jobs. It gives your life cover to protect your family and it invests your money in the market across 20+ fund options to grow your wealth with tax benefits.

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Understanding ULIP

What is a Unit Linked Insurance Plan?

A Unit Linked Insurance Plan is a type of life insurance that invests part of your premium in the market. When you pay your premium, the insurer splits it into two parts:

Insurance Part: This pays for your life cover so your family is protected if something happens to you.

Investment Part: The rest is invested in funds you choose from equity funds to debt funds or balanced funds.

Each fund is divided into units and the price of each unit is called the Net Asset Value. As the market does well or poorly your fund value goes up or down. When your policy matures or you surrender it you get the payout based on how your fund performed.

Unlike a term plan, which only pays out if you die, a Unit Linked Insurance Plan gives you value whether you die or survive the policy term. That is why it is like "insurance that invests" than "insurance that waits."

Financial Growth

Why Do You Need a Unit Linked Insurance Plan?

Ahmedabad has people who are good with money. But being good with money in separate areas can mean missing out on some benefits. Here's what a Unit Linked Insurance Plan can do for you:

01

Protection without feeling like your premium is wasted

With a term plan your premium is gone once you pay it. A Unit Linked Insurance Plan lets part of that premium grow as an investment so your money is working toward a goal while protecting your family.

02

Investment with life cover

If you are investing in funds just to build wealth you are not getting life cover with it. A Unit Linked Insurance Plan combines both, with tax benefits.

03

Discipline for long-term goals

Unit Linked Insurance Plans have a 5-year lock-in period, which means you cannot withdraw your money during that time. This helps you stay disciplined and focused on your long-term goals.

04

Change your investment strategy

As your income grows or your goals change, Unit Linked Insurance Plans let you switch between funds without withdrawing your money or triggering taxes.

In short: if you want your insurance premium to also help you build wealth, a Unit Linked Insurance Plan is for you.

Simple Process

How Do Unit Linked Insurance Plans Work?

01

Choose your premium and policy term

You decide how much you want to invest and for how long. 10 to 20+ years.

02

Your premium is split

Part of it pays for your life cover and other charges. The rest is invested in funds you choose.

03

Select your funds

You decide how to allocate your money across 20+ fund options: equity, debt or balanced.

04

Your money is tracked

Your premium buys units in your chosen funds. As the market moves, your fund value moves with it.

05

Switch funds as needed

You can change your investment strategy as your goals or risk appetite change.

06

The 5-year lock-in period applies

You cannot withdraw your money during this time. If you stop paying premiums, your fund value is moved to a fund that earns interest until the lock-in period ends.

07

At maturity or in case of death

If you survive the policy term you get the fund value. If you die, your family gets the sum assured or the fund value, whichever is higher.

Benefits

Benefits of a Unit Linked Insurance Plan

01

Dual benefit of protection and wealth creation

One premium works toward two goals: protecting your family and building your wealth.

02

Tax efficiency

You get tax benefits on your premiums. Possibly on your maturity proceeds.

03

Flexibility to switch funds

You can change your investment strategy as needed.

04

Transparency

You can see how your money is growing and what you are paying for.

05

Goal-based investing

Unit Linked Insurance Plans are designed for long-term goals, like your child's education or retirement.

06

Partial withdrawal facility

After the lock-in period you can withdraw part of your fund value for emergencies or expenses.

07

Loyalty and wealth boosters

Many plans offer units or boosters for staying invested.

08

Rider add-ons

You can add protection layers, like critical illness cover, to your plan.

Plan Details

Key Features of a Unit Linked Insurance Plan

01

Dual Structure

Combines life insurance and market-linked investment.

02

Wide Fund Choice

20+ fund options across equity, debt and hybrid categories.

03

5-Year Lock-In Period

Encourages long-term investing.

04

Fund Switching

Lets you rebalance your portfolio as needed.

05

Premium Flexibility

Offers options for regular or single-premium payments.

06

Partial Withdrawals

You can take out some of the money after the lock-in period without stopping your policy.

07

Transparent Charge Structure

Charges and the costs of managing and administering your policy are clearly explained.

08

Tax Benefits

Premiums can be eligible for deduction under Section 80C and maturity benefits might be tax-free under Section 10(10D).

09

Death Benefit Guarantee

If you die during the policy term, your family will get the amount between the sum assured and the value of your funds.

10

Digital Fund Tracking

You can see your fund value and performance online.

Who It May Suit

Who Should Buy a Unit Linked Insurance Plan?

Young People with Time to Invest

If you are in your 20s or 30s, a Unit Linked Insurance Plan is an idea because it gives you a long time to invest and ride out market ups and downs while also giving you life insurance.

People with Specific Goals

If you are planning for something like your child's education, a new home or retirement, a Unit Linked Insurance Plan can help you achieve your goals because it is structured and you cannot take the money out easily.

People Who Want Insurance and Investment Together

If you have a lot of policies and investments it can be hard to keep track of everything. A Unit Linked Insurance Plan combines insurance and investment into one policy, making it simpler.

Working People Looking for Tax-Efficient Investments

A Unit Linked Insurance Plan is an option for people who want to save tax and also have life insurance because the premiums are eligible for tax deduction and maturity benefits might be tax-free.

Investors Who Understand Market Risks

If you are comfortable with the idea that the value of your investments can go up and down, a Unit Linked Insurance Plan is suitable for you because the returns are linked to the market.

Business Owners and Self-Employed People

If you have an income but want to invest for the long term, a Unit Linked Insurance Plan can work well for you because you can pay premiums in a way that fits your cash flow.

Who Might Not Want a Unit Linked Insurance Plan

If you need a lot of life insurance but do not have a lot of money, or if you think you might need your money back within 5 years, you might want to consider a different type of insurance or investment.

Grow Your Wealth. Protect Your Family.

Grow Your Wealth. Protect Your Family.

You do not have to choose between taking care of your family and building your wealth. A Unit Linked Insurance Plan can do both. You can adjust it as your life and goals change.

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Free Illustration

Get a Free Unit Linked Insurance Plan Illustration

You can get an illustration of a Unit Linked Insurance Plan online in just a few minutes and see exactly how your premiums will be split between insurance and investment.

01

Free-Look Period

You can review your policy after you buy it and cancel it if you do not like it.

02

Transparent Charges

You will know what you are paying for.

03

No Obligation

You can get an illustration online without having to buy anything.

04

Switch Funds Anytime

You can change your investment strategy if your goals change.

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It does not cost anything to see the numbers. It could cost you if you do not know them.

The risk of investing in the funds is yours as the policyholder.

Questions

Frequently Asked Questions about Unit Linked Insurance Plans

1. What is the Minimum Lock-in Period for a Unit Linked Insurance Plan?

The minimum lock-in period is 5 years, during which you cannot take out any money.

2. Is a Unit Linked Insurance Plan Good for Saving Tax and Investing?

Yes, if you have a long-term plan and are comfortable with market risks, a Unit Linked Insurance Plan can be an option because the premiums are eligible for tax deduction and maturity benefits might be tax-free.

3. What Happens if I Stop Paying Premiums During the Lock-in Period?

Your funds will be moved to a fund where they will earn a minimum interest rate until the lock-in period ends.

4. Can I Switch Between Funds in My Unit Linked Insurance Plan?

Yes, most plans allow you to switch between funds a number of times per year.

5. What Charges Do I Have to Pay in a Unit Linked Insurance Plan?

You will have to pay charges for things like managing your funds and administering your policy, including what happens if you stop paying premiums.

6. Are the Returns on a Unit Linked Insurance Plan Guaranteed?

No, the returns are linked to the market so they can go up and down.

7. What is the Difference Between a Unit Linked Insurance Plan and a Mutual Fund?

A mutual fund is an investment, while a Unit Linked Insurance Plan combines investment and life insurance with a lock-in period and tax benefits.

8. What Happens to My Unit Linked Insurance Plan if I Die During the Policy Term?

Your family will get the amount between the sum assured and the value of your funds.

9. Can I Withdraw Money from My Unit Linked Insurance Plan After the Lock-in Period?

Yes, you can take out some of the money after the lock-in period is over.

10. Is a Unit Linked Insurance Plan Suitable for Short-Term Goals?

No, because of the lock-in period and the long-term nature of market-linked investing.

11. How Many Fund Options Does a Unit Linked Insurance Plan Typically Offer?

Most plans offer 20 or more fund options across categories.

12. Can I Buy a Unit Linked Insurance Plan Online?

Yes, you can buy a Unit Linked Insurance Plan online without having to visit a branch.

*Tax benefits are subject to change based on government regulations. Please consult a tax advisor.

*The terms and conditions of the plan including the funds, lock-in period and charges may vary. Please refer to the sales brochure and policy document for information. The investment risk in the investment portfolio is borne by the policy holder.