RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Unit-linked plans - taking an informed decision

down-arrow
ULIPS_taking an informed decision
July 22, 2019

Table of Content

 

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

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

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.

LinkedIn profile
Author Profile Written By:
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.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Blue Chip Fund

Blue Chip Fund

"Blue chip fund invests in stocks / shares of well-established companies with credible financial performance, market capitalization & steady payout of dividends."

Diversified Equity Mutual Funds

Insurance Overload: Are You Hoarding Policies Instead of Securing Your Future?

Single Premium Term Insurance: Meaning, Benefits & Types

Explore the details of a Single Premium Policy in term life insurance. This guide provides insights into its meaning, benefits, and types, offering a comprehensive overview.

Single Premium Term Insurance: Meaning, Benefits & Types
Investment in ULIPs Helps Achieve Goals When You Are Not Around Previous
Prepare Financially for the Unpredictable with ULIP Plans Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches