ULIP — Unit Linked Insurance Plans (Investment + Insurance)

ULIPs combine life insurance cover with market-linked investment. Choose fund(s), set premium & tenure, and monitor the fund performance over time.

Estimate Maturity

What is a ULIP?

Insurance + Investment

Part of your premium pays for life cover; the remainder is invested in market-linked funds (equity, debt, balanced) chosen by you.

Switching & Top-ups

Most ULIPs allow switching between funds and one-time top-ups to increase invested amount (subject to policy rules).

Lock-in Period

ULIPs typically have a 5-year lock-in — withdrawals before that are restricted or not allowed.

Charges

ULIPs have multiple charges (fund management fee, premium allocation, mortality, policy administration) — check the Illustration Document.

ULIP Maturity Estimator (Illustrative)

Estimate maturity value from regular premiums after assumed net returns (post-charges). This is a simplified model — real ULIP cashflows depend on exact charges & fund performance.

Annual Premium (₹)

Policy Term (years)

Assumed Annual Net Return (%)

Approx. Annual Charges (%)

Important: This is illustrative. Actual ULIP maturity depends on exact premium allocation, charges (allocation/mortality/administration), fund switches, top-ups and market returns. Always review the product illustration before buying.

ULIP — Quick Comparison vs Alternatives

Product	Insurance	Investment Control	Liquidity	Charges
ULIP	Yes	High (choose funds)	Low (5-year lock-in)	Medium-High
Endowment / Savings Life	Yes	Low	Low	Low-Medium
Mutual Fund SIP + Term Insurance	Term insurance only	High (MF choice)	High	Low (MF TER)

Frequently Asked Questions

How are ULIP returns taxed?

ULIP maturity payouts are tax-exempt under conditions in Section 10(10D) (subject to prevailing tax laws and conditions). Tax treatment may change — consult a tax advisor.

What are switching options?

Most ULIPs allow free fund switches (a limited number per year) and additional paid switches thereafter — check policy terms.

Can I top-up?

Yes — many ULIPs allow one-time or periodic top-ups to increase invested amount; top-ups may attract separate charges or lock-ins.

What charges should I watch?

Key charges include premium allocation, policy administration, fund management (TER), mortality (insurance cost) and surrender charges. Ask for the product illustration and fund fact sheet.