Unit Linked Insurance Plans(ULIPs)
ULIP is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds. As a single integrated plan, the investment part and the protection part can be managed according to specific needs and choices.
Which Investor Class Are They Most Suited For?
Those who wish to closely track their investments?
Unit linked insurance plans allow policy takers to closely monitor their portfolios. They also offer the flexibility to switch your capital between funds with varying risk-return profiles.
Individuals with a medium to long term investment horizon
ULIPs (Unit Linked Insurance Plans) are ideal for individuals who are ready to stay invested for relatively long periods of time.
Those with varying risk profiles
Across the seven funds offered, the equity component varies from zero to a maximum of 100 per cent. Thus there is a choice of funds available to all types of investors - from risk-averse investor to those investors who have strong risk appetite.
Investors across all life stages
This plan category offers a variety of plans which can be opted for depending upon the life stage you are in and your needs and financial liabilities at that point in time.