Invest Your Money And Secure Your Life With The Best ULIPs

ULIPs provide investors with insurance coverage as well as the option to participate in a variety of investment tools such as stocks, bonds, and mutual funds. ULIPs are a very popular financial instrument among customers since they provide both security and the freedom to choose your investment channel.

In this article, we have compared ULIP plans offered by several companies to help you select an ideal plan.

Comparison of Best 4 ULIPs in India 2021

Given below is the comparison of some of the best ULIP Plans

• HDFC Life Click 2 Invest

HDFC Life Click 2 Invest is a unit-linked insurance product that provides market-linked returns as well as significant financial protection. The policyholder in a unit linked plan does not have the ability to withdraw money from the insurance until five years after it was started.

 Key Features

1. Single-pay or regular-pay premium payment options
2. Option to choose from eight different fund options.
3. Tax exemption under section 80C and section 10(10D) of IT Act.
4. If the prerequisites are met, this plan is offered with limited underwriting norms and a Short Medical Questionnaire (SMQ). Otherwise, full underwriting will be used to offer the plan.

• Aviva i-Growth Plan

It is an Individual Unit Linked non-participating life insurance plan that is designed to provide you with life cover while making your savings grow. This plan is also suitable for investors who want to avoid going through a medical check up before buying a ULIP plan.

Key Features

1. No need of medical examination: This plan is offered basis a self-declaration of good health (DGH)
2. Option to choose from three fund options 
3. Loyalty Additions in the last 3 policy years

• Bharti AXA Life Future Invest

This plan is a non-participating, unit-linked individual life insurance plan that invests the premiums you pay into your fund without charging an allocation charge. This plan also offers benefits for ten years while only charging premiums for the first five, effectively extending the protection and investment benefits into the future.

Key Features

1. Option to choose from two premium payment terms –Single pay and 5 years.
2. Zero Allocation Charge
3. Six fund options to invest in
4. Extendable Investment Period 
5. Liquidity Benefit with Partial Withdrawal
6. Tax benefits in accordance with the existing tax laws

• Bajaj Allianz Fortune Gain

This is a non-participating unit linked single premium endowment plan that provides the most benefit for every premium paid while keeping charge deductions to a minimum.

Key Features

1. Loyalty Additions of 3% of the Single Premium 
2. Choice of seven seven funds options
3. Option to make partial withdrawals from the funds
4. Option to decrease Sum Assured
5. Systematic switching option to manage your investments better
6. Maturity benefits can be taken in instalments if desired (Settlement Option).

Endnotes

ULIP plans are an excellent investment alternative for your long-term financial objectives. The above article will guide you in developing an understanding of the different features of the ULIP plans offered by companies and help you find the one best for yourself.

Also read 

Top 10 Benefits of ULIPs

How To Invest In Equity Through ULIPs?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.