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Which ULIP Plan Is Best?

Published On Aug 25, 2021 5:00 PM By InsuranceDekho

Unit-linked insurance plans are a well-known investment and insurance vehicle all over the world. Unit-linked insurance plans, or ULIPs as they are commonly known, are an integrated financial instrument that combines insurance and investment elements.

Insurance is a financial product that comes in a variety of forms depending on what is being protected and how the premium money will be used. Some of the most typical insurance plans that we come across when learning about insurance policies include life insurance plans, health insurance plans, and loan insurance plans.

Best ULIP Plan in India 2021

Following are some of the best ULIP plans in India:

  • HDFC Life Click 2 Wealth Plan

The HDFC Life Click 2 Wealth insurance is a non-participating unit-linked life assurance plan that provides financial security to both the policyholder and his or her family. This plan is a wonderful investment for a child's safety, post-retirement wealth, and the safeguarding of one's immediate family members, as it assists in meeting goals and offers the opportunity of benefiting from market-linked returns. Not only that, but with the choice of 10 funds and unlimited free changes, this plan provides the utmost flexibility.

  • ICICI Prudential Smart Kid Regular Premium Plan

The ICICI Prudential Smart Kid Regular Premium Plan is a Traditional Participating Endowment plan for the child's benefit in which the parent's life is insured. If a parent dies during the insurance term, the Sum Assured is paid to the nominee to cover immediate financial needs, and the insurer waives and pays future premiums so that the Maturity Benefit is paid when it is due. There are now two Maturity Benefit alternatives available. Option 1 involves paying the Sum Assured in three installments, seven, five, and two years before Maturity, and the remaining amount on Maturity. Option 2 pays the Sum Assured in installments over the last 5 years of the policy.

  • Canara HSBC OBC Invest 4G Plan

Canara Invest 4G is a unit-linked life insurance policy that can enable you to manage your financial woes behind you. The policy offers a dual benefit of protection and savings, allowing you to invest for your future aspirations while also providing life insurance protection. The policy's distinctive characteristics, such as the loyalty bonus, wealth booster, and mortality return on maturity, make it an excellent pick. Canara HSBC OBC Invest 4G is a ULIP plan that offers savings as well as protection. 

Know More: Is ULIP Better Than PPF?    

  • Bharti AXA Life Shining Stars Plan

The Bharti AXA Life Shining Stars Plan allows you to choose from a variety of plans and premium payment periods. The insured can also select benefit payout choices based on the requirements of the child. The Bharti AXA Life Shining Stars Plan's Death Benefit assures that the policyholder's child's needs are satisfied if something unexpected happens to the life insured (parent) during the policy period. In this case, the additional premiums will be waived, and the Death Sum Assured will be paid. The Maturity Benefit, on the other hand, will continue to be paid to the nominee once the policy matures. 


ULIP plans help you to safely balance your fund with equity and debt components, with possibilities to switch as the market moves, making them a flexible approach to investment planning. At the same time, a financial safety net in the form of life insurance coverage provided by the ULIP plan protects your savings and life goals. 

Also read:

What Are The Benefits Of 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.    

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