Aditya Birla Sun Life Insurance Company Limited

Types of ULIP Policy: Where is My Money Invested?

Icon-Calender 29 April 2024
Icon-Clock5 mins read
Rated by reader
https://lifeinsurance.adityabirlacapital.comExit Intent PopupCLOSE-BUTTON

Get Guaranteed Returns After a Month^

Unlock the Power of Smart Investment!

*Min 3 characters allowed
+91
*Please enter a valid 10 digit Mobile No
https://lifeinsurance.adityabirlacapital.comExit Intent PopupCLOSE-BUTTON
ICON-TICK

Thank you for your details. We will reach out to you shortly.

https://lifeinsurance.adityabirlacapital.comExit Intent PopupCLOSE-BUTTON
ICON-TICK

Currently we are facing some issue. Please try after sometime.

  • Icon-Index
    Table of Contents

Have you ever wondered where your hard-earned money goes when you invest in a ULIP policy? It's like planting a seed and watching it grow, but instead of beautiful flowers, you get financial security and peace of mind! Today, we'll be taking a deep dive into the world of ULIPs and exploring the fascinating journey of your investments. So, buckle up and get ready to learn where your money finds its home within these unique plans!

What are ULIPs?

Imagine combining the safety of life insurance with the potential growth of the stock market! That's what a ULIP Unit Linked Insurance Plan offers. It's a special type of life insurance plan that invests a portion of your premium in different funds, like stocks, bonds, and money market instruments. These funds have the potential to grow over time, increasing the value of your investment and ultimately providing a bigger payout when the policy matures or in case of an unfortunate event.
Essentially, with a ULIP, you get two benefits in one package: life cover and potential wealth creation. That's why ULIPs have become increasingly popular in India, especially among those seeking long-term financial goals.

Types of ULIP Plan

Now that we understand the basics of ULIPs, let's explore the different types available:

Type of ULIP PlanFocusInvestment OptionsBenefits
Equity-oriented ULIPGrowthA high percentage invested in equity fundsHigh potential returns, suitable for long-term goals and risk-tolerant investors
Debt-oriented ULIPCapital protectionA high percentage invested in debt fundsLower risk, stable returns, good for risk-averse investors or retirement planning
Balanced ULIPBalanced growth and protectionA mix of equity and debt fundsModerate risk and returns, suitable for diverse financial goals
Child ULIPChild's future needsVaried fund options depending on the child's ageSecure child's education, marriage, or other needs
Retirement ULIPRetirement planningFocuses on debt funds closer to maturityBuild a corpus for a comfortable retirement
Single Premium ULIPOne-time investmentLimited fund optionsLarge upfront investment, suitable for lump sum allocation
Regular Premium ULIPPeriodic investmentsFlexible investments, start small and increase graduallyAn affordable option for long-term wealth creation

Remember: This is just a general overview. Each ULIP plan within these categories can have unique features and investment options.

Conclusion

Investing in a ULIP can be an exciting way to grow wealth while securing your loved ones' future. By understanding the different types of ULIPs and their investment options, you can choose the plan that best aligns with your financial goals and risk tolerance. Do your research, talk to a financial advisor, and pick the ULIP that helps your money blossom!

Rated by 0 reader
/ 5 ( 0 reviews )
Not helpful
Somewhat helpfull
Helpful
Good
Best

Thank you for your feeback

Don’t forgot to share helpful information in your circle

About Author

Thank you for your details. We will reach out shortly.

Thanks for reaching out. Currently we are facing some issue.

Buy ₹1 Crore Term Insurance at Just ₹508/month*

Min 3 characters
+91Icon Phone
Please Enter a valid 10 digit Mobile No.
*This field is required.
Plan Icon Wealth Assure Plus

ABSLI Salaried Term Plan

Exclusively For Salaried Individuals

ICON-CLICK

4 Plan Options

ICON-CLICK

Life Cover upto 70 years

ICON-CLICK

Optional Accelerated Critical Illness benefit

ICON-CLICK

Inbuilt Terminal Illness Benefit

Life Cover
₹1 crore

Premium:
₹508/month*

ABSLI Salaried Term Plan (UIN:109N141V03) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6100/- ( which is ₹ 508.33/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ADV/4/24-25/65

Subscribe to our Newsletter

Get the latest product updates, company news, and special offers delivered right to your inbox

Thank you for Subscribing

Stay connected for tips on insurance and investments

*Please enter a valid Email ID
whatsapp-imagewhatsapp-image