ULIP PLAN - Unit Link Insurance Plan
Unit Linked Life Insurance Plan is a type of insurance that combines the benefits of savings and protection in a single plan. It is a combination of insurance and investment wherein the policyholder can pay a monthly or annual premium. Out of the premium paid, a small amount goes to secure life insurance and the rest of the money is invested in bonds, stocks, or mutual fund.
With the help of ULIP Life insurance and investment, you can increase your savings along with protecting your loved one's future from unexpected times. ULIP policy offers the investors an option to either invest in equity or debt. Investing in the ULIP scheme can cover your loved ones with a high sum assured, which is given in case of the policyholder's death. In the ULIP Life insurance, the policyholder can withdraw a partial amount of the savings when required.
What is ULIP Meaning?
Why Do You Need to Buy ULIP Investment Plan?
Importance of Top ULIP Plans
Benefits of Unit Linked Insurance Plans
Features of ULIP Plan
Who Should Buy ULIP Plan?
How to Choose the ULIP Plan?
Why should you Buy a ULIP Policy?
Key Aspects to Consider as an Investor
Top ULIP Life Insurance Plans at Bharti A Life
Reasons to Combine Insurance and Investment in ULIP
How to Invest for Long Term with ULIP Lock-In Period?
How to Calculate ULIP Plan Returns?
Steps to Buy Unit Linked Insurance Plan Online in India
ULIP Plan Claim Process
What Our Customers Say
Website journey was very simple & Good, Flexi term pro plan fulfill all my requirement as I was looking, I was already existing customer of Bha...
LG Karthik Anand
Kancheepuram | Jun 25, 2021
I was worried for my family protection so I have decided to purchase Term plan, I connected to Bharti axa associate and got best experience, Purcha...
Sonipat | May 12, 2021
Types of Investment Plan We Offer
Bharti AXA Life Wealth Pro
- An Individual Linked life cover with Insurance cum Savings Plan.
- Choose a Variant: The plan offers you two variants to choose from a) Growtrh Variant b) Legacy variant
- Grow your wealth further with Wealth booster
- Multiple Investment Strategies to suit your investment needs
- Tax benefits
Bharti AXA Life eFuture Invest
- An affordable online Investment Plan.
- Choose between two premium payment terms
- Flexibilty of Partial withdrawal
- Zero allocation charges
- Tax Benefits
Bharti AXA Life Grow Wealth
- Flexibility in Investment Tenure T
- Single Life/Joint Life Option
- Grow your wealth further with Loyalty Additions
- Multiple Fund Options to suit your investment needs and zero premium allocation charges
- Tax benefits
ULIP Plans - Frequently Asked Questions (FAQs)
When should I start planning for my ULIP Plan savings?
It is always better to start as early as possible to achieve your goals. It is always advisable to be prepared for unforeseen circumstances for the better future of your loved ones and family.
Is ULIP a good option for investment?
A ULIP plan is a policy plan that offers both investments as well as insurance benefits. Besides providing life cover, the ULIP policy also provides the benefit of market-linked returns. ULIP helps inculcate the habit of regular and disciplined savings, which also helps in long-term financial management. Hence, the ULIP insurance plans are a great option for creating life cover with wealth creation benefits for your loved ones and family members.
What is the ULIP plan meaning?
ULIP is an insurance and investment plan that is an abbreviation for Unit Linked Insurance Plans. ULIP plans are a category of goal-based financial solutions that offer dual benefits of investment and financial protection. ULIP Life insurance and investment plans are usually bought for long-term capital gains and offer a financial protection cover.
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Factors Impacting ULIP Plan Premium
Unit Linked Insurance Policy
An insurance plan which gives benefits both of life insurance as well as investing in different funds consisting of different investment instruments like stocks, money market securities or government bonds. However, the returns are dependent on market performance and the policyholder has to bear the investment risk.
Date Of Commencement Of Risk
It is the date which represents the beginning of Life Cover.
A specified period after a premium payment is due, in which the policyholder may make such payment, and during which the protection of the policy continues
---A period during which the Policyholder can still make the overdue Premium Payment without attracting any interest. Grace period is of 30 days from the original due date as stipulated by regulation and the benefits under the Policy remain unaltered during this period.
Investment Fund Allocation Instruction
It is the instruction given by the Policyholder to allocate his premiums towards the purchase of units in the desired Investment Fund.
Investment Risk/market Fluctuations
The performance of the Investment Fund depends on the financial markets and may increase or decrease. The risk of such fluctuations or uncertainties due to market related factors is called as the Investment Risk.
Lock In Period
It refers to the number of years for which the funds need to be kept invested in the policy and cannot be withdrawn.
Disclaimer: IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Note: During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.
Note: Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale
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