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Unit-linked plans - taking an informed decision

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ULIPS_taking an informed decision
July 22, 2019

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Today, insurers have a wide array of products for the investors that suits their age, goals, risk capacity and other things. It is necessary to invest in a scheme that goes in sync with your targets, short-term or long-term. Targets can be buying a home, car, education marriage, traveling across the planet or any other.

Life insurance caters to many benefits at the same time, be it retirement, deduction under Income Tax Act or providing financial support at the time of any medical emergency. A lump sum amount is given to the investor at the time of maturity or death, in lieu to the monthly premiums paid.

Many products are there to invest, but Unit Linked Insurance Plan (ULIP) is an attractive option. It is a long-term investment option, which is pocket friendly and comes handy at the time of retirement of the investor. This tool helps to invest in the share market, and if all goes well then investor might end up reaping good profits.

ULIP plans offer dual benefit of term insurance and investment. Not only do you get term coverage which can help in financial safeguarding at the time of death, but you also get an opportunity for wealth creation, to meet your targets in the future.

Working style of unit-linked plan

There are generally two phases in ULIPs or any other market linked instrument:

Accumulation Phase:

In this phase, the investor pays premiums to the insurance company on monthly, quarterly or annually basis. The company invests the money into different funds.

Reaping Phase:

This is the phase, when the investors reap the fruits of the investment, through returns.

Benefits of ULIPs

There are certain benefits that an investor gets in order to create a wealth for future:

  • As ULIPs are market-linked investments, they can potentially offer good returns to the investor. It all depends on market performance.

  • ULIPs have a wide variety of funds, from high to low risk. It helps in creating a diverse investment portfolio.

  • The investment keeps growing with time. Investors can possibly get a good maturity amount at the time of retirement.

Invest in ULIPs to meet your financial targets with HDFC Life Click 2 Wealth.

ARN: ED/09/19/16025

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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