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ULIP Returns in 15 Years
Unit Linked Insurance Plans (ULIPs) have emerged as a popular investment choice among individuals seeking a combination of insurance protection and long-term wealth accumulation. A 15-year ULIP is a financial product that blends investment and insurance over a 15-year period. With regular premium payments, it provides life coverage while allowing you to invest in market-linked funds.
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- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- In built life cover
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- ULIP Returns in 15 Years
Top ULIP Funds††
| ULIP Plans | Fund Size | NAV | Returns |
| HDFC Life Opportunities Fund | 31,393 Cr | ₹57.85 | 18.59% |
| ICICI Pru Multi Cap Balanced Fund | 2,037 Cr | ₹34.46 | 10.59% |
| TATA AIA Top 200 Fund | 1,259 Cr | ₹130.92 | 20.25% |
| TATA AIA Whole Life Mid Cap Equity Fund | 10,158 Cr | ₹112.98 | 21.46% |
Disclaimer: †† Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
What is the 15 Years ULIP Policy?
A 15-year ULIP (unit-linked insurance plan) is a type of investment plan that combines the benefits of insurance and investment. It provides life insurance coverage for a period of 15 years, and it also allows you to invest in a variety of market-linked funds. This means that your investment returns will be linked to the performance of the stock market.
Regular premium payments, which can be made on a monthly, quarterly, or annual basis are split into insurance coverage and investment in market-linked funds. A portion covers the insurance company's charges, providing life coverage, while the remainder is invested in different market-linked funds. Although the insurance company manages the investments, you have the flexibility to choose funds based on your risk appetite.
Top ULIP Funds†
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
High Growth Fund
Max Life
AUM:8,482 Cr
8,482 Cr
NAV
119.99
1.59%
Returns
23.95%
Whole Life Mid Cap Equity Fund
Tata AIA
AUM:13,435 Cr
13,435 Cr
NAV
158.69
2.49%
Returns
21.08%
Virtue II
PNB Metlife
AUM:3,532 Cr
3,532 Cr
NAV
77.53
1.12%
Returns
17.59%
Accelerator Mid-Cap Fund II
Bajaj Allianz
AUM:6,452 Cr
6,452 Cr
NAV
86.49
1.27%
Returns
17.79%
Opportunities Fund
HDFC Standard
AUM:40,966 Cr
40,966 Cr
NAV
78.44
1.16%
Returns
15.75%
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Whole Life Aggressive Growth Fund
Canara HSBC Oriental Bank
AUM:869 Cr
869 Cr
NAV
93.59
0.82%
Returns
16.11%
Whole Life Stable Growth Fund
Canara HSBC Oriental Bank
AUM:266 Cr
266 Cr
NAV
61.92
0.32%
Returns
12.53%
Balanced Fund
Canara HSBC Oriental Bank
AUM:380 Cr
380 Cr
NAV
48.06
0.34%
Returns
11.49%
Asset Allocation Fund II
Canara HSBC Oriental Bank
AUM:341 Cr
341 Cr
NAV
31.32
0.18%
Returns
9.45%
Save N Grow Money Fund
Canara HSBC Oriental Bank
AUM:68 Cr
68 Cr
NAV
58.7
0.37%
Returns
8.69%
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Builder
Canara HSBC Oriental Bank
AUM:243 Cr
243 Cr
NAV
89.55
0.06%
Returns
6.87%
Whole Life Income Fund
Canara HSBC Oriental Bank
AUM:802 Cr
802 Cr
NAV
38.31
0.03%
Returns
6.22%
Debt Fund
Canara HSBC Oriental Bank
AUM:482 Cr
482 Cr
NAV
36.29
0.04%
Returns
5.92%
Conservative Fund
Canara HSBC Oriental Bank
AUM:233 Cr
233 Cr
NAV
55.4
0.09%
Returns
7.01%
Protector
Canara HSBC Oriental Bank
AUM:307 Cr
307 Cr
NAV
64.22
0.06%
Returns
6.07%
Disclaimer :
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
How Does 15 Years ULIP Policy Work?
When you purchase a 15-year ULIP policy, you will be required to pay a premium. This premium will be split into two parts: one part will be used to provide you with life insurance coverage, and the other part will be invested in market-linked funds.
The amount of life insurance coverage that you receive will depend on the policy you choose. You will also be able to choose the funds that your money is invested in. There are a variety of funds to choose from, with different levels of risk and return.
Example:
Consider Priya investing in a 15-year ULIP with an annual premium of Rs. 50,000. The premium is split: Rs. 10,000 for life coverage, and Rs. 40,000 for investment in market-linked funds. The insurer manages the investment, but Priya can choose funds based on her risk preference. Over the 15-year period, the policy provides life coverage and potential returns from market-linked investments. This dynamic interplay of insurance and investment defines the functioning of Priya's 15-year ULIP policy.
Why Should You Choose a 15-Year ULIP Policy?
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Market-Linked Returns: By investing in market-linked debt and equity instruments, a 15-year ULIP offers the potential for high returns. This dynamic approach allows you to align your investments with your financial goals.
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Flexibility: ULIPs provide unparalleled flexibility. You can customize the sum assured and select investment avenues based on your risk appetite. Most plans allow fund switches, enabling you to optimize your portfolio in response to market fluctuations. It's essential to be mindful of the limitations on the number of changes allowed by some insurance companies when selecting a plan.
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Tax Benefits: A 15-year ULIP comes with attractive tax benefits. The amount invested qualifies for deductions under Section 80C of the Income Tax Act, 1961. Additionally, the proceeds from surrender, partial withdrawal, or maturity of a ULIP are exempt from tax under Section 10(10D), provided the premium payable for any year during the policy term does not exceed 10% of the death sum assured.
Furthermore, for policies issued after February 1, 2021, tax exemption on maturity proceeds is contingent on the premium paid in any year not exceeding Rs. 2,50,000. Exemption under Section 10(10D) applies only to policies with an aggregate premium not exceeding Rs. 2,50,000 in any given year. Any income from policies exceeding this limit will be chargeable as capital gains. Importantly, death proceeds from all ULIP plans remain exempt from tax.
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Life Coverage: With a 15-year ULIP, you ensure financial security for your loved ones in the event of any unforeseen circumstances, offering stability and support.
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Long-term Investment: Opting for a 15-year horizon allows your money more time to grow, leading to superior returns compared to shorter durations. This extended investment period not only fosters financial discipline but also facilitates the achievement of long-term financial goals.
How are Return Rates Calculated on 15 Years ULIP Policy?
The return rates of a 15-year ULIP are determined by the fund performance, with daily calculation of the Net Asset Value (NAV). Returns are based on the change in NAV, obtained by multiplying the fund's value by your held units. Market and economic conditions, along with fund management, influence NAV. Additionally, consider insurance company fees, covering administration, mortality, and fund management charges, when calculating returns. A 15-year ULIP facilitates investment in equity and debt funds, combining wealth accumulation with life insurance coverage for your family's financial security. Evaluate your risk tolerance, investment objectives, and financial position before selecting a suitable ULIP for your goals.
FAQ's
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Can ULIPs give higher returns?
ULIPs have the potential to give higher returns than traditional insurance products, but they also carry more risk. The returns on ULIPs are linked to the performance of the market, so they can go up or down. -
Is ULIP a good investment for the long term?
ULIPs can be a good investment for long-term goals, such as retirement or children's education. This is because ULIPs allow you to invest in a variety of asset classes, such as equity, debt, and money market funds, which can help you grow your wealth over time. -
Is ULIP good or bad?
Whether or not ULIPs are a good or bad investment depends on your individual circumstances and risk tolerance. If you are willing to take on more risk in exchange for the potential for higher returns, then ULIPs may be a good option for you.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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