Top Companies Offering Best ULIP Plans In India

A unit-linked insurance plan (ULIP) is a type of life insurance that combines risk management with investment opportunities. The performance of ULIPs is directly influenced by capital market movements. In a Unit Linked Policy, the investor typically bears the investment risk. Returns on ULIP investments are not always guaranteed. ULIP plans give investors the option of switching between funds, allowing them to make better decisions. Depending on their risk appetite and market conditions, investors can invest in debt or equity funds.

Top Companies Offering Unit Linked Insurance In India

Let's look into some of the top companies with the best ULIP:

• HDFC Life Click 2 Wealth Plan

Single, monthly, quarterly, half-yearly, and annual installments are available through HDFC Life Click 2 Wealth premium modes. This is entirely dependent on the risk appetite of the policyholder, allowing for a great deal of flexibility. The HDFC Life Click 2 Wealth calculator, which can be found on the company's official website, may be used to compute accurate premium amounts. Add-on riders are a fantastic way to protect one's funds in the event of unforeseen events. The HDFC Life Click 2 Wealth insurance, which is available both offline and online, features two main riders: HDFC Life critical illness plus rider and HDFC Life income benefit on accidental disability rider.

• ICICI Pru Signature Plan

The ICICI Pru Signature Plan is a combination of investing and insurance. The plan's fees are modest, even when compared to mutual funds. As a result, the possibilities of better returns are increased. Because the plan is a ULIP, your premiums are invested in funds of your choosing, and the results may be tracked on a regular basis.

The insured can choose from four portfolio strategies and a wide range of funds across equity, debt, and balanced funds with the ICICI Pru Life Signature Insurance, based on his investing needs. Through the Systematic Withdrawal Plan, the policy also allows money withdrawals at regular intervals to help the insured achieve various life goals.

Must read: Is ULIP a Good Investment?    

• Canara HSBC OBC Invest 4G Plan

It is a 4G investment plan offered by Canara HSBC. The 'Invest 4G' Unit Linked Insurance Plan has been launched by Canara HSBC Oriental Bank of Commerce Life Insurance. It is a personal life insurance savings plan that may be adjusted to meet the aspirations and changing needs of the individual. This Unit Linked Individual Life Insurance and Savings Plan combines Portfolio Management Options and Flexibilities, allowing you to select the degree of protection that best meets your needs while also planning for your future objectives.

• Edelweiss Tokio Wealth Plus Plan

Edelweiss Tokio Wealth Plus is truly a new age plan, offering policyholders an outstanding opportunity to invest while also securing their future, thanks to its features and benefits. When you invest, the company joins you in your investment by allocating more funds. If you maintain interest for the next 20 years, the company will invest 1% of your premium in your assets for the first five years, then 3% from the sixth to the tenth year, then 5% from the eleventh to the fifteenth year, and finally 7% from the sixteenth to the twenty-first year.

Conclusion

A ULIP is a financial instrument that gives customers the best of both worlds: insurance and investing. Customers who want to receive insurance and grow their money at the same time can get ULIPs from life insurance companies.

ULIPs provide consumers with insurance coverage as well as the option to participate in a variety of investment vehicles such as stocks, bonds, and mutual funds. ULIPs are an important financial product among customers because they offer protection as well as the flexibility to pick your investment channel.

Also read: Lock-in Period in ULIPs Explained

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.