Unit Linked Insurance Plan (ULIP)
A hybrid plan that offers life cover while letting you invest in market-linked funds. Ideal for those looking to build wealth while staying protected.
What are the Benefits?
Combines life insurance with market-linked investment options. Helps you grow wealth over time while keeping your loved ones financially protected.
Coverage Details
What's Covered
- Life cover (sum assured) in case of policyholder’s death
- Investment component with fund options (equity/debt)
- Partial withdrawals after lock-in period
- Switching between funds
- Maturity benefits on survival
What's Excluded
- Market risks affecting returns
- Death from suicide within 1 year
- Charges for premature withdrawal
- Loss due to non-payment of premiums
- Claims from undisclosed pre-existing illness
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