About ULIPs
Unit Linked Insurance policy(ULIPs) is a combination of insurance cover plus investment. A part of premium is paid to the insurance cover option and remaining part is invested in various equity and debt schemes. Customers has the option of choosing the type of fund either debt or equity or a mix of both based on their investment need. Various types of funds available in ULIP Plans are explained below
Equity Funds: Initially invested in company stocks. Risk coverage is Medium to High.
Income, Fixed Interest and Bond Funds: This type of funds are Invested in government securities, corporate bonds and other fixed income instruments. Risk coverage is Medium.
Cash Funds: Cash Funds also known as Money Market Funds. This type of funds are invested in bank deposits, cash and money market instruments. Risk coverage is low.
Balanced Funds: This type of funds are combining equity investment with fixed interest instruments. Risk coverage is medium.
Benefits of ULIP: A unit linked insurance policy(ULIPs) acts like a savings vehicle but also has the benefits of getting insurance cover along with the investment.
Example of ULIP: Suppose, a person buys a ULIP which is combination of risk cover plus investment. After paying premiums, the insurance cover is given to the person by deducting some charges by insurer for what he had paid. Major portion of amount is invested into fund chosen by person and that is converted into units. While cancellation of units Fund management charges, mortality cover and similar expenses are deducted. Fund is dependent upon equity and debt scheme. For more information regarding Income Tax Benefits, visit www.taxqueries.in.
ULIPs for different types of Life Insurance Companies
AEGON Religare ULIPs
- AEGON Religare Future Protect Plan
- AEGON Religare Rising Star Plan
- AEGON Religare Future Protect Plus Plan
Aviva ULIPs
- Aviva Freedom Life Advantage
- Aviva Life Bond Advantage Plan
- Aviva Live Smart Plan
Bajaj Allianz ULIP Plans
- Bajaj Allianz Future Gain
Bharti AXA ULIP Plans
- Bharti AXA Future Invest
Birla Sun ULIP Plans
- Birla Sun Life Insurance Wealth Max Plan
- Birla Sun Life Wealth Secure Plan
- Birla Sun Life Wealth Assure Plan
Canara HSBC Oriental Bank of Commerce ULIP Plans
- Canara HSBC Grow Smart Plan
- Canara HSBC Dream Smart Plan
Edelweiss Tokio Unit linked Insurance plans
- Edelweiss Tokio Wealth Accumulation (Cover Plus)
- Edelweiss Tokio Wealth Accumulation Accelerated Cover
- Edelweiss Tokio Life Wealth Accumulation (Privilege) Plan
- Edelweiss Tokio Life Wealth Enhancement Ace Plan
Future Generali India Unit linked Insurance plans
- Future Generali Wealth Protect Plan
- Future Generali Pramukh Nivesh Plan
HDFC Standard Unit linked Insurance plans
- HDFC SL Crest
- HDFC SL Pro Growth Super II
- HDFC Life Young Star Super Premium
- HDFC Life Smart Woman Plan
- HDFC Life Invest Wise Plan
- HDFC Life Pro Growth Maximiser Plan
- HDFC Life Pro Growth Flexi Plan
- HDFC Life Pro Growth Plus Plan
- HDFC Life Single Premium Pension Super Plan
- HDFC Life Pension Super Plus Plan
- HDFC Life Click2Inves
IndiaFirst Unit linked Insurance plans
- IndiaFirst Smart Save Plan
- IndiaFirst Money Balance Plan
Kotak Mahindra Old Mutual Unit linked Insurance plans
- Kotak Wealth Insurance Plan
- Kotak Headstart Child Assure Plan
- Kotak Invest Maxima
- Kotak Single Invest Advantage Plan
- Kotak Platinum Plan
- Kotak Ace Investment Plan
Max Unit linked Insurance plans
- Max Life Shiksha Plus Super
PNB Metlife India Unit linked Insurance plans
- Met Smart Platinum
- Met Smart Child Plan
- Met Easy Super Plan
Reliance Unit linked Insurance plans
- Reliance Life Pay Five Plan
- Reliance Life Insurance Classic Plan II
Sahara India Unit linked Insurance plans
- Sahara Sanchit Jeevan Bima Plan
- Sahara Utkarsh Plan
- Sahara Sugam Plan
SBI Unit linked Insurance plans
- Saral Maha Anand
- SBI Life Smart Wealth Assure
- SBI Life Smart Scholar Plan
- SBI Life Smart Elite Plan
- SBI Smart Power Insurance Plan
- SBI Smart Wealth Builder
Shriram Ulips
- Shriram Fortune Builder Plan.
- Shriram Wealth Plus Plan.
DHFL Pramerica Ulips
- No Ulip plans are available
Exide ULIPs
- No Ulip plans are available
ICICI Prudential ULIPs
- No Ulip plans available
IDBI Federal ULIPs
- No Ulip plans are available
Life Insurance Corporation of India ULIPs
- No Ulip plans are available
Star Union Dai-ichi ULIPs
- No Ulip plans are available
TATA AIA ULIPs
- No Ulip plans are available
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