ULIP Plans
Walk hand-in-hand with financial growth and secured future with ULIPs.
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Investment Flexibility: You can choose from multiple unit-linked funds as per your risk appetite
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Switch between funds: Advantage of managing your funds and switching between fundsto capitalize on market opportunities Easy
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Withdrawal options: Partial and systematic partial withdrawal from your funds
*TnC apply. AN Mar 29/22
Unit Linked Insurance Plan
Unit Linked Insurance Plan which you might know as ULIP is among the best market-linked investment plans. Its dual benefits of life insurance cover, as well as a long-term investment, serve the purpose of the investors like you who wish to accumulate corpus to achieve your life goals as well as secure your family's future in your absence. ULIP policy does both these jobs in a single plan. ..Read More
ULIP Plans from Aviva India
It’s not just a ULIP insurance plan – it’s a safety net you cast around your loved ones
How to Choose the Best ULIP Plan
When considering a Unit Linked Insurance Plan choosing the best one is essential to get the most out of your savings. While the best ULIP plan will vary from person to person as it is based on various factors such as plan features, financial goals etc.
Performance of ULIP funds
Before investing in ULIP funds make sure you check their long-term performance. ULIP funds can be equity, debt, as well as balanced funds. Thus, you should invest in the type of funds that suit your financial goals considering how much amount you can invest, and how much investment risk you can bear. When checking the performance of ULIP funds consider their long-term benchmarks, for example, Nifty 50, BSE 200, NSE 500, or Crisil Composite Bond Index. DISCLAIMER : PAST PERFORMANCE IS NO GUARANTEED FOR FUTURE RESULTS
Charges
The various policy charges in ULIPs are transparent and are deducted from the premium you pay. such as premium allocation charges, policy administration, and fund management charges, fund switching, discontinued premium, and mortality charge. Understand all these charges and how they work and consider a ULIP plan with affordable charges.
Investment strategies
Some of the best ULIP plans offer various investment strategies such as SIP and lifecycle-based investment. Choose the plan that offers the investment strategies suitable to your financial goals.
Frequently Asked Questions
ULIP offers the benefits of both investment and insurance. The regular payouts that the ULIP plan offers can help you achieve your financial goals of buying a car, property, your child's higher education, and so on.
On the other hand, the life cover secures your loved ones financially in case something unfortunate happens to you.
ULIP also induces the habit of regular savings which over the long term becomes a key to your successful financial planning. Moreover, it also provides tax benefits on both premium as well as maturity amounts. So ULIP is a good investment option for those who want to generate a future corpus, secure their family's financial future, and save taxes.
There is no right or wrong time to invest in ULIP.. However, the earlier you start investing more time you get to generate desired returns without taking unnecessary risks.
As you start early when you have fewer responsibilities and more risk-taking abilities you can use this time to generate more corpus gradually decreasing your investment risks as your responsibilities grow.
The best ULIP plan depends on various factors such as the financial goals you want to achieve, policy tenure, risk as well as investment appetite. When considering the best ULIP plan also consider the factors we have mentioned above in the "how to choose the best ULIP plan" section.
Before you make the final decision, compare different ULIP plans online and consider the reviews from the former or current ULIP investors. This will help you invest your hard-earned money in the right place.
ULIPs are non guaranteed and the minimum guarantee in a ULIP is the Sum Assured that is paid on the death of the life insured.
ULIP plan offers dual benefits of insurance policy and long-term investment. It provides life cover upon the death of the life insured . If the life insured survives the policy tenure, they receive the maturity amount of the ULIP plan.
As for the investment part of the ULIP policy, it helps in wealth creation for you and your family.
ULIP also offers attractive tax benefits which is why most investors consider ULIP investment to save taxes while enjoying other benefits.
There are various charges allocated to the ULIP plan. Some of these are -
● Premium allocation charges
● Policy administration charge
● Fund management charge
● Fund switching charge
● Policy discontinuation charge
● Mortality charge
Before investing in a ULIP plan, understand all the charges associated with it and consider the plan that offers charges that are affordable to you.
You can calculate your ULIP fund value by doing a simple calculation. For that, you have to multiply the units of each fund with the Net Asset Value(NAV) of a fund on that day.
You can check the updated NAVs on the respective company's website or through share market news.
Another easy way to track your ULIP fund value is by logging in to your secured account on AVIVA's website.
We are always there to assist you
AN: Feb 110/22