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Unit Linked Insurance Plan (ULIP) - Buy Best ULIP Plans Online in 2025

ULIP Plan: A Unit Linked Insurance Plan combines the benefits of investment and life cover in one plan. Know the benefits of ULIP Policy and Buy the best ULIP plan from HDFC Life today.

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Unit Linked Insurance Plan (ULIP) - Buy Best ULIP Plans Online in 2025

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  1. ULIP Plan

  2. ULIP - Unit Linked Insurance Plan A Unit Linked Insurance Plan (ULIP) gives you the best of both worlds, insurance protection and investment growth. While ULIP plan secures your family’s future with life cover, it also lets you invest in equity, debt or hybrid funds, helping you build wealth over time. ULIPs are ideal for achieving long term goals like children’s education, homeownership, or retirement planning all within one flexible plan.

  3. What are ULIPs (Unit Linked Insurance Plans)? ULIP or Unit Linked Insurance Plan offers a unique combination of life insurance coverage and investment opportunities in a single plan. The life insurance coverage provides financial protection for your loved ones and the investment component helps you grow your wealth over the long-term.

  4. What are the Types of Charges in ULIP? Premium Allocation Charges This is collected upfront at the time of policy purchase. If your investment is Rs. 2.00 lakhs and the premium allocation charges are 3% of the investment i.e., Rs. 6000, then only 1.94 lakhs will be invested. Policy Administration Charges Policy administration charges are collected monthly and deducted from the fund value. Assume the charges are Rs. 500 monthly for a 20-year plan. It will amount to Rs. 1,20,000 over 20 years, and your fund value is reduced to that extent. Fund Management Charges Fund management charges are currently capped at 1.35% per annum of the fund value. A Rs. 2.00 lakh fund will have fund management charges of Rs. 2700/-, which will be deducted annually from your fund value. Mortality Charges This fee is for providing life cover and depends on the age of the investor and the sum assured. It is collected monthly from your fund value. Fund Switching Charges Charges are collected when the investor switches from one to another within the same group. The charges are nominal and are deducted from the fund value. Partial Withdrawal Charges Charges are collected for the premature withdrawal of some units.

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