Life Insurance 604 views April 23, 2020

Unit Linked Insurance Plan (ULIP) is a hybrid insurance plan dual benefit of coverage of risk as well as investment opportunities. It enables the holder of the policy to invest their money in some of the qualified investment such as bonds, mutual funds, stock, etc. It is a life insurance product which also offers income tax benefit under section 80C of the Income Tax Act. The investment risk in ULIP plans is borne by the policyholder/ investor. The returns on ULIP investments are not guaranteed.

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Top 10 Best Performing ULIP plans in India

HDFC Life Click 2 Wealth

HDFC Life Click 2 Wealth is a Non-Participating and Unit Linked Life Insurance policy which provides market-linked returns and also offers financial protection to the insured and their family. It helps the insured to meet the desired goals.

Features of HDFC Life Click 2 Wealth Plan

  1. The plan offers potential market-related returns
  2. The policyholder will receive the entire value of the fund on the maturity of the plan.
  3. This plan also offers flexibility by allowing unlimited free switches.

Bajaj Goal Assure Plan

Bajaj Allianz Life Goal Assure policy is a unit-linked plan based on life goal feature. The plan provides a variety of benefits such as the option for investing in 8 types of funds, to choose from 4 types of strategies of investment, life coverage, loyalty additions and tax- free returns.

Features of Bajaj Goal Assure Plan

  1. The plan provides partial withdrawals facility to the policyholder. The withdrawal can be made after the 5th year of the policy subject to certain conditions
  2. The plan offers the policyholder to change any time the frequency of premium payment at any time but subject to certain conditions.

Aegon Life iMaximize Secure Plan

Aegon Life iMaximize is a Unit Linked and non-participating insurance plan that offers the dual benefit of insurance coverage and maximization of wealth in a single insurance plan

Features of Aegon Life iMaximize Secure Plan

  1. The plan has two premium payment option- Single and Limited pay option.
  2. The plan does not charge premium allocation charges

Bajaj Allianz Future Gain

Bajaj Allianz Future Gain Plan is a non- participating endowment plan. It is non- participating unit-linked insurance plan with limited and regular premium payment option. The policyholder can choose from 7 funds and two investment strategies offered by the plan.

Features of Bajaj Allianz Future Gain Plan

  1. The plan allows partial withdrawals when the policyholder needs finance
  2. The plan also offers to switch between funds and death benefit under the plan can be received in instalments.

Max Life Fast Track Super Plan

Fast Track Super Plan is an individual plan which helps the policyholder to plan the current finances for securing the future. It is a comprehensive insurance cover which has the option to choose the term of the policy and the term of premium payment of the policy.

Features of Max Life Fast Track Super Plan

  1. It is a unit-linked and non-participating insurance policy.
  2. It helps the policyholder with investment strategies and fund options.

PNB MetLife Smart Platinum

PNB Metlife Smart Platinum Plan is a unit-linked insurance plan which offers 6 different funds to enhance the investment portfolio. Protection under this plan is provided until 99 years of age and the period of premium payment includes 5 years, 10 years or whole life.

Features of PNB MetLife Smart Platinum Plan

  1. The plan allows flexibility to switch either partially or fully between options of unit-linked funds at any time
  2. Income Tax benefit can be availed at the purchase of the plan and on payment of the benefit.

SBI Life Wealth Assure

Wealth Assure plan offered by SBI Life is a non-participating insurance policy. The plan has a single premium payment option and offers two fund options which provide benefits that are market-linked. The two fund option under the insurance plan includes the bond fund and the equity fund.

Features of SBI Life Wealth Assure Plan

  1. The plan provides liquidity through partial withdrawal facility when the policyholder is in need of funds.
  2. Only a single premium is to be paid to receive the benefits under the plan throughout the policy term.

ICICI Pru Wealth Builder II

Wealth Builder II Plan ensures financial protection to the insured and insured’s, family. The plan provides life insurance as well as savings benefit under a single plan. This plan helps to create wealth for the policyholder.

Features of ICICI Pru Wealth Builder II

  1. The plan offers two portfolio strategies to the policyholder to choose as per their requirement.
  2. The plan offers the benefit to choose the sum assured in the plan, the amount of premium and the option of premium payment thereby providing flexibility.

ICICI Pru Signature

Pru Signature offers flexible options for investment and life insurance cover. It offers four portfolio strategies and a wide variety of funds.

Features of ICICI Pru Signature

  1. This plan provides better returns on the investment
  2. This plan allocates the entire premium among the funds chosen by you.

HDFC Life Pro Growth Plus

HDFC Life Pro-Growth Plus Plan is non- traditional plan and do not provide bonus facility. The plan offers 5 different funds to choose from as per their risk appetite.

Features of HDFC Life Pro Growth Plus

  1. The plan has two variant which includes Life and Extra Life option
  2. It is a simple non- participating unit-linked insurance policy

Conclusion

Each of the top 10 best performing ULIP plans in India has unique features and benefits. You can opt for one as per your need and requirement.

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