Unit Linked Insurance Plans growth and protection in one wrapper.
ULIPs invest your premium (after charges) into equity, debt or balanced funds of your choice, while bundling in a life cover payout. Modern ULIPs have far lower charges than a decade ago — we'll tell you honestly whether one belongs in your portfolio, or whether a term plan and a separate SIP will serve you better.
0%
LTCG tax if held to maturity*
What is a ULIP?
One premium, split between cover and market-linked units.
Each premium you pay is split: a portion buys life cover (mortality charge), the rest is invested in fund options you choose — equity, debt, or a mix — wrapped inside an insurance policy with a 5-year lock-in.
Fund choice & switching
Move between equity, debt and balanced funds as your risk appetite changes — usually free for a set number of switches per year.
Built-in life cover
Nominees receive the higher of the fund value or the sum assured if the policyholder passes away during the term.
Tax benefits
Premiums qualify for Section 80C deduction; maturity proceeds are tax-free under Section 10(10D), subject to the premium-to-cover ratio rule.
5-year lock-in discipline
IRDAI's mandatory lock-in enforces long-term investing discipline that most self-directed investors struggle to maintain on their own.
Plan features
What's inside a modern ULIP.
Post-2010 ULIPs are a materially different product from what was sold a decade ago — lower charges, more flexibility.
Multiple fund options
Choose from equity, debt, balanced and sometimes sectoral fund baskets within a single policy.
Reduced charge structure
IRDAI-capped charges mean modern ULIPs have a lower total expense drag than pre-2010 versions.
Premium redirection
Change where future (not just existing) premiums are invested, without switching existing units.
Top-up premiums
Invest lump sums beyond your regular premium into the same policy when you have surplus cash.
Coverage & fund structure
Illustrative cover and fund allocation bands.
Indicative figures — your recommended allocation depends entirely on your risk profile and horizon.
Life cover multiple
Sum assured as a multiple of annualised premium, IRDAI-mandated minimum.
Equity fund options
Large-cap, multi-cap and flexi-cap fund choices typically available.
Lock-in period
Mandatory minimum holding period before partial withdrawal is allowed.
Free switches
Fund switches permitted per policy year without charge, on most plans.
How it works
From goal-mapping to fund allocation.
We only recommend a ULIP after ruling out the simpler term + SIP alternative for your specific situation.
Suitability check
We model your outcome under a ULIP versus a term plan + direct mutual fund SIP, and show you both numbers honestly.
Fund allocation
If a ULIP is the right fit, we help you choose an equity/debt mix aligned to your horizon and risk profile.
Application & issuance
Proposal, KYC and medicals (if applicable) — policy and fund allocation confirmed digitally within days.
Ongoing review
Annual review of fund performance and switch recommendations as you approach your goal date.
Frequently asked
Common questions, honestly answered.
Not sure if a ULIP fits your goals?
We'll model a ULIP against a term + SIP alternative side by side, with real numbers, before you decide.
Disclaimer: Insurance is the subject matter of solicitation. ULIPs are subject to market risks; the NAV of units may go up or down based on fund performance. Please read the policy and fund offer document carefully before purchasing. Tax benefits are subject to changes in applicable tax laws. Pingale Financial Services · IRDAI Corporate Broker License No. CB-XXXXXXX/XX/2024.