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

Dual Benefits of Investment and Risk Coverage

down-arrow
Dual Protection with ULIP Investment
October 16, 2018
Investment is one of the most important steps for garnering financial benefits and also important is the security of your funds and your capital gains. Cost of living has ensured that merely relying on savings is never enough. The goals that you have today and in the future require assured finances that can come only by investing properly, regularly and carefully. 

ULIPs (Unit linked insurance Plans) form a highly beneficial medium that allows you to invest with multiple advantages. ULIPs allow you access to both - investment and insurance. Investing in ULIPs means that you enjoy a life cover and have the guaranteed opportunity of earning market-linked funds, thereby giving you a considerable leverage over investing exclusively and separately in insurance.

The premium paid by you is divided into two parts one part of the amount goes towards providing the insurance cover while the other balance gets invested as per your choice (after the management charges are deducted). This not only assures a great level of flexible options as per your requirement but also ensures that the funds are properly channeled for your benefits. Besides, the basic lock-in period is of 5 years which also ensures financial discipline and regular investment. The combined benefits of investing in a ULIP include the diverse investment options that can be availed. The investment proportion of your premium gets invested into different fund options managed by professional fund managers. These fund options, in turn, invest the premium amount in varying proportions of various financial instruments like equities, debt and money market instruments. All these investment options carry different levels of risk and return potential. Generally higher the risk, higher would be the return potential. While equities involve the highest investment risk, they also tend to give higher returns over the long run. However, the choice of investment is completely up to you and your specific requirements.

Investment is ULIPs also comes with income tax benefits and allows you to save on your corpus at the time of plan maturity.  One of the most attractive benefits of investing in ULIPs is the flexibility of deciding the amount of premium that goes towards insurance and investment, respectively. Besides, there are also different fund options that you can choose as per your needs. ULIPs are also appealing because they are transparent. You can actually track your fund portfolio and you know where the money is being invested and can track the flow of capital gains. All ULIPs (apart from annuity products including pension) also provide a minimum life cover or health cover. This cover goes way higher than what is being offered presently. The health and life covers will be provided as riders. Therefore, you can actually enjoy a higher cover with ULIPs. This allows you to meet your short term as well as your long-term financial goals.

HDFC Life offers HDFC Life Click 2 Invest ULIP a plan specially formulated for best meeting your investment needs and for providing a lasting cover to you and your loved ones. For further details, kindly click on the mentioned link:

https://www.hdfclife.com/savings-plans/sanchay-plus

Related Artilces :

 
Show Full Article
Hide Full Article

More About Investment

 

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.

How Rising Interest Rates Impact Your Investments—and What You Should Do About It

How Rising Interest Rates Impact Your Investments—and What You Should Do About It

How rising interest rates impact your investments and ways to adapt. Stay informed to make smarter financial decisions and protect your financial future.

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024

Financial Freedom for Women Entrepreneurs: Unlocking Success with the 50-30-20 Strategy

Baby Steps to a Secure Future: Financial Planning and Wealth Management

Essential financial planning and wealth management strategies for families. Secure your future and confidently navigate parenthood with these key insights.

Baby Steps to a Secure Future: Financial Planning and Wealth Management
Investment Tips: Investment tips that millennia’s need to learn from parents Previous
Thumb rules for personal financial planning in India 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