ULIP — UnitLinked InsurancePlan
A ULIP combines life insurance with market-linked investment in a single plan. One part covers your family, the other grows your wealth — giving you protection and long-term returns together.
Top Performing Plans With High Returns
Invest ₹10K/month & get ₹1 Crore+ tax-free
ULIP Fund Details
Compare fund size, latest NAV, and historical 5, 7, and 10-year returns across leading ULIP funds.
| Fund Details | Fund Size | NAV | 5 Year | 7 Year | 10 Year | Action |
|---|---|---|---|---|---|---|
 ULIP Funds Equity FundHighest returns | 81,025 Cr | 180.98-0.01% | 8.75% | 9.92% | 11.02% | |
 ULIP Funds Opportunities FundHighest returns | 35,377 Cr | 70.210.21% | 12.52% | 13.5% | 13.81% | |
 ULIP Funds High Growth FundHighest returns | 12,572 Cr | 105.820.61% | 18.11% | 19.74% | 17.84% | |
 ULIP Funds Opportunities FundHighest returns | 3,551 Cr | 54.94-0.03% | 11.51% | 11.8% | 12.11% | |
 ULIP Funds Multi Cap FundHighest returns | 9,938 Cr | 58.76-0.01% | 21% | 19.25% | 22% | |
 ULIP Funds Accelerator Mid-Cap Fund IIHighest returns | 5,458 Cr | 73.780.10% | 12.44% | 11.92% | 13.49% | |
 ULIP Funds MultiplierHighest returns | 5,005 Cr | 88.440.10% | 14.57% | 13.67% | 15% | |
 ULIP Funds Frontline Equity FundHighest returns | 4,837 Cr | 63.340.05% | 12.17% | 13.14% | 13.54% | |
 ULIP Funds Virtue IIHighest returns | 3,237 Cr | 64.110.02% | 12.74% | 15.04% | 14.46% | |
 ULIP Funds Growth Plus FundHighest returns | 478 Cr | 34.52-0.03% | 8.9% | 9.11% | 10.26% | |
 ULIP Funds Blue-Chip Equity FundHighest returns | 1,446 Cr | 32.18-0.07% | 7.66% | 8.51% | 9.89% | |
 ULIP Funds Growth Opportunities Plus FundHighest returns | 1,051 Cr | 67.55-0.05% | 11.62% | 13.29% | 14.32% | |
 ULIP Funds Equity Top 250 FundHighest returns | 526 Cr | 52.460.18% | 9.24% | 10.52% | 10.82% | |
 ULIP Funds Future Apex FundHighest returns | 130 Cr | 51.06-0.21% | 10.93% | 12.39% | 12.75% | |
 ULIP Funds Pension Dynamic Equity FundHighest returns | 6 Cr | 67.540.05% | 8.9% | 9.54% | 10.74% | |
 ULIP Funds Accelerator FundHighest returns | 219 Cr | 44.85-0.02% | 12.82% | 13.01% | 13.17% | |
 ULIP Funds Balanced FundHighest returns | 2,730 Cr | 17.55-0.04% | 6.36% | — | — |
How Does ULIP Work?
A ULIP combines life insurance with investment. When you pay a premium, a portion provides life cover while the rest is invested in equity, debt, or balanced funds based on your choice. The fund value grows with market performance.
Example: Akash, age 30
Invests ₹50,000/year for 10 years in a ULIP with a 20 years policy term.
- Initial Sum Assured: ₹5,00,000 (10× annual premium)
- Annual Charges: ₹2,500 (admin + others)
- Net Annual Investment: ₹47,500
- Units Per Year: 4,750 units (at ₹10 NAV)
- Total Units in 10 Years: 47,500 units
Illustrative Returns
If the market grows well (NAV ₹40 at maturity)
Maturity payout: ₹19,00,000
In case of unfortunate death (NAV ₹25)
Nominee receives: ₹11,87,500 (higher of fund value or sum assured)
Types of Plans
ULIPs are classified based on their purpose, death benefit structure, and underlying fund type. Explore each category below.
Retirement Planning
Whole Life ULIPs help you accumulate a significant corpus over the long term, paid as annuities upon retirement.
Wealth Creation
Ideal for those in their late twenties or early thirties who want to accumulate wealth strategically over time.
Children's Education
Child ULIP Plans come with a waiver of premium feature, ensuring your child's financial goals remain intact.
Health Benefits
ULIPs provide financial assistance for medical emergencies, giving you a cushion when health challenges arise.
Marriage & Life Milestones
Save in a disciplined way for weddings, relocation, or other major expenses while life cover protects your family if something unexpected happens.
Tax-Efficient Long-Term Goals
Align premiums with Section 80C benefits and long-term wealth building — useful when you want insurance plus market-linked growth in a single plan.
Personalised plan comparison
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Share your details below and we'll help you compare ULIPs, explain charges and fund choices, and shortlist options that suit your goals before you decide.
Top Performing Plans With High Returns
Invest ₹10K/month & get ₹1 Crore+ tax-free
Charges You Should Know
Understanding the fee structure helps you compare plans and pick one with the best net returns. Here are the key ULIP charges.
Premium Allocation
Typically 0%–5% of the premium, deducted upfront to cover initial expenses like underwriting and policy issuance.
Fund Management (FMC)
Max 1.35% p.a. as per IRDAI, charged daily. Deducted before calculating the daily Net Asset Value (NAV).
Policy Administration
Monthly or annual deduction for policy maintenance, record-keeping, and general administration.
Mortality Charges
Cost of life insurance cover, varies based on age, health, and sum assured. Deducted monthly by cancelling units.
Surrender / Discontinuance
Early exit penalties applicable if surrendered before the 5-year lock-in. No charges after 5 years.
Switching Charges
Fee for moving investments between funds. Typically a few switches per year are free, then ₹100–₹500 per switch.
ULIP vs Other Investment
See how ULIPs stack up against ELSS, PPF, NSC, and tax-saving FDs on lock-in, returns, risk, and flexibility.
| Feature | ULIP | ELSS | PPF | NSC | Tax-Saving FD |
|---|---|---|---|---|---|
| Lock-in Period | 5 years | 3 years | 15 years | 5 years | 5 years |
| Expected Returns | 10–15% (market-linked) | 12–15% (equity, market-linked) | 7.1% (fixed) | 7.7% (fixed) | 7–8% (fixed) |
| Risk Level | Moderate (depends on funds chosen) | High (equity) | Low (government-backed) | Low | Low |
| Tax on Investment | Up to ₹1.5 lakh u/s 80C | Up to ₹1.5 lakh u/s 80C | Up to ₹1.5 lakh u/s 80C | Up to ₹1.5 lakh u/s 80C | Up to ₹1.5 lakh u/s 80C |
| Tax on Returns | Tax-free at maturity if premium ≤ ₹2.5L per year* | LTCG tax: 10% on gains > ₹1 lakh | Fully tax-free | Taxable | Taxable |
| Tax advantage under New Tax Regime | ULIP continues to offer exemption on Section 10(10D) maturity for premium ≤ ₹2.5L | No | No | No | No |
| Insurance Cover | Yes (life cover) | No | No | No | No |
| Flexibility | Switch between funds (equity/debt) | Only equity investment | Fixed returns | Fixed returns | Fixed returns |
* Tax treatment depends on applicable income-tax rules, policy terms, and individual circumstances.
Tax Benefits on ULIPs
ULIPs offer triple tax advantages — on premiums paid, returns earned, and maturity proceeds received.
LTCG Exemption
Zero Long-Term Capital Gains Tax
LTCG tax is exempt on ULIPs for annual premiums up to ₹2.5 lakh, making your maturity proceeds completely tax-free.
Section 80C
Deduction up to ₹1.5 Lakh
ULIP premiums qualify for tax savings under Section 80C with a maximum exemption of ₹1.5 lakh per year.
Section 10(10D)
Tax-Free Maturity
Maturity benefits from ULIPs are tax-free under Section 10(10D) for policies with annual premium up to ₹2.5 lakh.
Tax benefits are subject to changes in tax laws. Maturity benefits are applicable for annual premiums up to ₹2.5 lakh.
Features and Benefits
ULIPs combine the best of insurance and investment. Here is what makes them a compelling financial product.
Dual Benefit
Life insurance cover and market-linked investment growth in a single plan.
Fund Switching
Switch between equity, debt, and hybrid funds to match your risk appetite — often with free switches.
Tax Advantages
Premiums deductible under 80C and maturity proceeds tax-free under 10(10D) for qualifying premiums.
Liquidity After 5 Years
Partial withdrawals allowed after the 5-year lock-in to meet financial needs or emergencies.
Transparency
Detailed statements showing charges applied, amount invested, fund performance, and insurance coverage.
Long-Term Growth
The 5-year lock-in encourages disciplined, long-term investing — helping you ride out market volatility.
Key Terminology
Understanding these terms will help you read any ULIP policy document with confidence.
Premium
The amount paid by you to maintain the ULIP policy — split between insurance and investment.
NAV
Net Asset Value — the value of a single unit of your chosen ULIP fund, calculated daily.
Sum Assured
The guaranteed minimum amount payable to nominees in case of the policyholder's death.
Fund Value
Total value of your invested units after deducting all applicable charges.
Lock-in Period
5 years — the duration during which you cannot withdraw or surrender without charges.
Mortality Charge
Fee for the life cover component, deducted monthly based on your age and sum assured.
Partial Withdrawal
Facility to withdraw a portion of your investment after the lock-in period.
Top-Up
Option to invest additional funds beyond regular premiums to boost your corpus.
Death Benefit
Payout to nominee — typically the higher of sum assured or fund value.
Maturity Proceeds
Amount received when the policy matures — your accumulated fund value plus any bonuses.
Solvency Ratio
Measure of an insurer's financial stability — IRDAI mandates a minimum of 1.5.
Claim Settlement Ratio
Percentage of claims settled vs total claims received — a key insurer reliability metric.
Buying Guide
Not sure if ULIPs are right for you? Here is a quick breakdown to help you decide.
Frequently Asked Questions
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