Whatsapp Icon

What is ULIP and how does it work

Unit Linked Insurance Plan (ULIP) is best suited for individuals with long - term financial planning as it comes with benefit of life insurance and investment.
Through systematic investments and market-linked returns, ULIPs allow you to create wealth for your long-term goals like your dream house, your child's education, your retirement and much more.

Snapshot of the way Bharti AXA Life Insurance funds have performed over the years is as below

Fund Name Fund Category Fund Benchmark
1month 3month 6month 12month 2year Since Inception 5year 1month 3month 6month 12month 2year Since Inception 5year
Save and Grow Money Fund Large Cap 0.85% 3.52% 10.12% 18.90% 10.31% 10.07% 10.59% 1.20% 3.52% 10.08% 19.56% 9.55% 9.37% 10.42%
Growth Money Fund Multi Cap 1.50% 5.71% 18.48% 35.57% 16.53% 13.44% 17.10% 1.75% 4.57% 17.08% 33.37% 13.90% 11.73% 14.21%
Growth Opportunities Fund Large Cap 1.32% 4.77% 17.30% 35.35% 17.00% 17.23% 18.14% 0.82% 4.25% 17.13% 39.14% 16.59% 15.50% 15.93%
Build India Fund Balanced Fund 1.65% 4.53% 16.06% 32.61% 15.44% 12.85% 15.89% 1.75% 4.57% 17.08% 33.37% 13.90% 11.77% 14.21%

Performance (net of Fund Management Charge) as on the period ending 31st March 2024


Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Unit Linked Life Insurance products are different from the traditional products and are subject to market risks. For more details on risk factors, terms and conditions, please read the sale brochure carefully before concluding a sale.

The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Bharti AXA Life Insurance Co. Ltd. is only the name of the insurance company and the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.

ADVT Number: II-July-2022-5196

Frequently Asked Questions

What is premium?

Premium is defined as the amount paid periodically or in lumpsum to the insurer by the insured in return of the life coverage provided. Generally, the premium amount depends on a number of variables such as age, type of employment, medical conditions, etc.

What is renewal premium?

Renewal premiums are defined as the subsequent premiums that are paid by the policyholder to the insurance provider in order to keep the policy in operation and avail the benefits of the policy accordingly.

What happens if I miss paying my premiums?

If you miss paying your premiums, then your policy can lapse after the grace period (if applicable).