Unit Linked Insurance Plan

What are Unit Linked Insurance Plan (ULIP)?

ULIPs are a type of life insurance plan that combines insurance coverage with investment opportunities. They allow you to invest in different asset classes based on your risk appetite and goals. However, keep in mind that ULIPs come with risks as the value of investments can fluctuate.

ULIP Plans have two components: the insurance component and the investment component. The insurance component provides life insurance coverage, while the investment component determines the accumulated amount based on the performance of your chosen asset classes.

The allocation of premium between the insurance and investment components depends on the terms of your ULIP policy and your preferences.

Disclaimer: In unit linked policies, the investment risk in the investment portfolio is borne by the policyholder.

Explore our Insurance Solutions

  • ULIP Plans

    HDFC Life Smart Protect Plan

    UIN: 101L175V01

    A comprehensive plan that caters to your long-term savings requirements while also offering life protection coverage.

    • Get upto 100 times13 of your premium as sum assured

    • Get a minimum Assured Benefit8 in the form of capital guarantee

    • Boost your fund value with 4 kinds of Loyalty Additions

  • ULIP Plans

    HDFC Life Click2Invest

    grow your investments while ensuring your family's security.

    UIN: 101L100V05

    • Choose from 11 fund options that align with your investment preferences.

    • Receive the fund value either at maturity or in periodic instalments based on your needs1.

    • Benefit from Tax Benefits under Section 80C and Section 10(10D)3.

    • Flexibility to pay premiums regularly, for a limited period (5, 6, 7, 8, 9, and 10 years), or as a one-time payment.

    • Option to make partial withdrawals from funds to address any financial emergencies2.

  • ULIP Plans

    HDFC SL ProGrowth Flexi

    build your wealth over a considerable period to meet diverse financial milestones while ensuring you remain insured.

    UIN: 101L072V05

    • Receive additional sum assured in the event of accidental death.

    • Select from 10 fund options.

    • Choose a sum assured of up to 40 times the annual premium.

    • Option to make partial withdrawals from funds to address any financial emergencies 2.

Frequently Asked Questions

  • InCred Wealth website offers the facility to purchase HDFC Life ULIP plans through our platform. Customers can enter their details on our website, and our Relationship Manager will reach out to them to complete the purchase process.

  • ULIP is short for Unit-Linked Insurance Plans, which offer insurance and investment opportunities.

  • Investors can select from equity, debt, and other instruments based on their financial goals and risk tolerance levels. Various funds under ULIP have different ratios of debt to equity, and investors can choose from multiple funds.

  • ULIP returns vary based on the investor's chosen mix of equity, debt, and hybrid funds. Lower-risk ULIPs generally yield lower returns compared to high-risk equity ULIPs.

  • Insurance companies pool policyholders' funds and invest them in chosen funds. The total amount is divided into 'units' of a specific value, which are then allocated to investors based on their investment amount.

  • The fund value of a ULIP is calculated by multiplying the fund's NAV (net asset value) by the total units held by the investor. Comparing initial and current NAV values helps gauge the fund's progress and returns.

  • ULIPs serve as insurance plans promoting long-term wealth accumulation through market-linked investment options. They offer potential high returns and dual tax benefits on premium payments and maturity payouts.

  • Investors with a good premium payment history can opt for 'top-up' premiums as additional investments in their ULIP plans. These extra premiums enable investors to maximize the potential of a well-performing ULIP and benefit from higher returns.

    • In unit linked policies, the investment risk in the investment portfolio is borne by the policyholder. The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.
    • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life 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. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.For Single premium, the special addition is 1% of the Single premium at inception only.
    • 1. Opt for Settlement Option to receive maturity benefit in periodical instalments.
    • 2. Partial withdrawals can be made from your funds after completion of 5 policy years, provided the Life Assured is atleast 18 years of age.
    • 3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
    • 4. Additional Sum Assured on accidental death is paid under Extra Life Option.
    • 5. In your policy documents we give the Critical Illness benefit the unique name of Extra Health Benefit, Accidental Death Benefit is called Extra Life Benefit and Accidental Total & Permanent Disability Benefit is called Extra Disability Benefit.
    • 6. Death Benefit under the product - Sum Assured less all withdrawals made during the two year period immediately preceding the death of the Life Assured. Unit Fund Value based on the number of units and the Unit Price of the fund is also payable. The Minimum death benefit will be at least 105% of the total premiums paid.
    • 7. Loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units from the end of 6th policy year onwards, provided all due premiums have been paid. The Loyalty Additions will be added for both Single Pay and Limited Pay policies.
    • 8. Assured maturity benefit will be paid only on policy maturity provided all due premiums have been paid and will not apply on death or surrender.
    • 9. Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2022-23.
    • 10. Source - Crisil.com.
    • 11. For Single premium, the special addition is 1% of the Single premium at inception only
    • 12. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
    • 13. Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime
    • 14. In ULIP Plan, the investment risks in the investment portfolio is borne by the policyholder. @17.29% p.a. rate of return. Rate of return shown is fund performance of Diversified Equity Fund (for last 5 years). Please note that past fund performance is not indicative of future performance fund. Life Insurance is available in this plan.

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