Life cover multiple
Sum assured as a multiple of annualised premium, IRDAI-mandated minimum.
Range
10× annual premium
Life Insurance · ULIPs
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*
4+
Free fund switches/year, typical
14
Insurers' ULIP funds compared
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.
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Reduced charge structure
IRDAI-capped charges mean modern ULIPs have a lower total expense drag than pre-2010 versions.
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Premium redirection
Change where future (not just existing) premiums are invested, without switching existing units.
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Top-up premiums
Invest lump sums beyond your regular premium into the same policy when you have surplus cash.
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Flexibility
Security
Long-term growth
Coverage & fund structure
Illustrative cover and fund allocation bands.
Indicative figures — your recommended allocation depends entirely on your risk profile and horizon.
Equity fund options
Large-cap, multi-cap and flexi-cap fund choices typically available.
Range
4 – 8 funds
Lock-in period
Mandatory minimum holding period before partial withdrawal is allowed.
Range
5 years
Free switches
Fund switches permitted per policy year without charge, on most plans.
Range
4 – 12 / year
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.
Simple processHassle-free claims
01
01
Suitability check
We model your outcome under a ULIP versus a term plan + direct mutual fund SIP, and show you both numbers honestly.
02
02
Fund allocation
If a ULIP is the right fit, we help you choose an equity/debt mix aligned to your horizon and risk profile.
03
03
Application & issuance
Proposal, KYC and medicals (if applicable) — policy and fund allocation confirmed digitally within days.
04
04
Ongoing review
Annual review of fund performance and switch recommendations as you approach your goal date.
FAQs
Frequently asked
questions.
Common questions, honestly answered.
Depends on your priority. Mutual funds have lower charges and no lock-in restriction beyond ELSS. ULIPs bundle life cover and offer tax-free switching, at the cost of higher charges in early years. For pure wealth creation, term insurance + direct mutual funds usually wins on net returns. ULIPs make sense for high-tax-bracket investors who value consolidation and switching flexibility.
Premium allocation charge, fund management charge (capped at 1.35% p.a. by IRDAI), mortality charge, policy admin charge and (in some plans) a discontinuance charge if surrendered early. Modern ULIPs are far cheaper than pre-2010 versions due to regulatory caps.
No — the 5-year lock-in is mandatory. Partial withdrawals are allowed after the 5th policy year, subject to conditions.
Most plans allow 4-12 free switches per policy year; beyond that, a small charge applies. We help you decide when a switch is actually warranted versus market noise.
No — returns are fully market-linked, similar to a mutual fund. The only guaranteed component is the life cover payout (higher of fund value or sum assured) in case of death.
Yes, under Section 10(10D), provided the annual premium does not exceed 10% of the sum assured for policies issued after April 2012. ULIPs with annual premium above ₹2.5L (issued after Feb 2021) attract capital gains tax like mutual funds.
Clear answers. Better decisions.
Expert Guidance
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.