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ULIPs for Disciplined And Long Term Investing

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ULIPs for Long Term Investing
July 22, 2023

Unit-linked insurance plans (ULIPs) offer the investors a dual advantage. One is of pure life insurance and the other advantage of investment as it is a market-linked product. It is a mix of insurance and investment for the investor. There is a lock-in period of five years. Investors can choose from a variety of funds, based on the risk intake and the future goals of the investor. Insurance companies also offer the option to switch between funds. There a number of free switches given to the investor and after that the insurance company charges for making any switch.

Benefits of ULIPs

As mentioned above, premium paid by the investor is invested in a diversity of funds chosen by the investors under ULIPs. It is a method to put in a small amount of money in the market for a long period of time. Investors prefer ULIPs to invest in the market and reap the benefits of compounding growth. There are many benefits to invest in ULIPs. We will discuss a few of them below:

  • Saving habit is developed:

    If the investor wants to reap good profits, then the investment has to be done consistently. ULIPs helps in developing the habit of regular savings and every time the amount is invested, the targets set by the investor are achieved.

  • Rupee cost averaging:

    In ULIPs, a fixed amount is invested in a fund option chosen by the investor every month. In the long run, this kind of fixed regular investing would lead to the impact of market fluctuations being reduced.

  • Compounding Benefits:

    In order to create a big fortune, an investor has to start early and be regular. Small money invested regularly can grow big in the long run.

It is advisable for every investor to start investing early in order to fetch huge returns. Know more through our ULIP product- HDFC Life Click 2 Wealth

ARN: ED/09/19/15786

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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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Here's all you should know about life insurance.

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

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Difference Between Term Insurance and Life Insurance

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Term life insurance age limit is the age range for buying a term plan. In India, you can start at 18 years, and the maximum age is usually up to 65 years.

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