ULIP with Way2Protect

Life Insurance | Way2Protect —
ULIP

Market-linked investment and life cover in one plan.

All Life Insurance options

What is ULIP?

A Unit Linked Insurance Plan (ULIP) combines life insurance with market-linked investment. Part of your premium provides life cover and the rest is invested in funds of your choice — equity, debt or balanced.

ULIPs come with a mandatory 5-year lock-in period and let you switch between funds as your goals or risk appetite change.

Who is it for?

  • Long-term investors (10+ years) comfortable with market risk
  • People who want investment and life cover in a single product
  • Investors who value the flexibility to switch funds

Key features

  • Choice of equity, debt and balanced funds
  • Free fund switches as per plan terms
  • Partial withdrawals after the 5-year lock-in
  • Life cover for the policy term
  • Tax benefits as per prevailing tax laws

Things to consider

  • Returns are market-linked and not guaranteed
  • Review premium allocation, fund management and mortality charges
  • Works best when held for the long term

Insurance is the subject matter of solicitation. Please read the sales brochure and policy wordings carefully before concluding a sale. Benefits, exclusions and waiting periods vary by insurer and product. Product availability, eligibility, premiums, interest rates, benefits and approval are subject to applicable terms, conditions, underwriting/lender policies and eligibility criteria.

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