SIP Plan for 20 Years in India in 2024

SIP Plan^† with Life Cover for 20 Years in India

The list of the SIP plan for 20 years with life cover offered by various insurance companies are mentioned in the table below: 

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

Details of the SIP Plan for 20 Years in India 

1. Max Life High Growth Fund (Online Savings Plan)

   • The Max Life High Growth Fund is offered by Max Life Insurance with its Online Savings Plan. It is a multi-cap fund offered with a primary focus on mid-cap equities. 

   • The fund was launched on 26 February 2008 with benchmarking the Nifty Midcap Free Float Index. 

   • The objective is to invest in companies with high long-term growth potential, aiming to enhance capital value over time. 

   • At least 70% of the fund’s corpus is consistently allocated to equities. The remaining portion is diversified across government securities, corporate bonds, and money market instruments. 

2. Tata AIA Life Top 200 Fund (Smart SIP - Wealth Secure Plan)

   • The Top 200 Fund is offered by Tata AIA Life Insurance Company with its Smart SIP- Wealth Secure ULIP Plan. 

   • The fund was launched on 12 January 2009 with the aim to generate long-term capital appreciation by primarily investing in select stocks and equity-linked instruments from the BSE 200 Index. 

   • Rather than replicating the index, the fund seeks to outperform it. 

   • If market conditions demand, it may adopt a defensive approach by investing in debt and money market instruments.

3. Aditya Birla Sun Life Multiplier Fund (Wealth Smart Plus Plan)

   • The ABSLI Multiplier Fund is offered by Aditya Birla Sun Life Multiplier Fund with its Wealth Smart Plus ULIP Plan. 

   • This fund aims to maximize long-term wealth by actively managing a diversified equity portfolio, focusing on companies with a market capitalization of ₹1,000 crores and above. 

   • This fund was launched on 30 October 2007 which benchmarks Nifty Midcap 100 & Crisil Liquid Fund Index

   • It follows a research-driven approach, balancing value and growth stocks. While the majority of investments are in mid-cap stocks, up to 30% can be allocated to large-cap stocks.

4. PNB Metlife Virtue II (Mera Wealth Plan)

   • The PNB MetLife Virtue II is a ULIP fund offered by the Mera Wealth Plan of PNB MetLife Insurance, which was launched on 12 January 2010 

   • The fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equities from companies that promote a healthy lifestyle and improve quality of life. 

   • It follows an investment philosophy focused on allocating 100% of its assets to equities to achieve its objectives.

5. Bajaj Allianz Life Accelerator Mid Cap II Fund (Goal Assure III Plan)

   • The Bajaj Allianz Life Accelerator Mid Cap II Fund is available with the Goal Assure III Plan of Bajaj Allianz Life Insurance. 

   • The fund was launched on 06 January 2010 with the Nifty Midcap 60 Benchmark. 

   • It aims to achieve capital appreciation by investing in a diversified mix of mid-cap and large-cap stocks, with at least 50% allocated to mid-cap stocks.

How to Invest in SIP?

Follow the steps mentioned below to start investing in the SIP plan for 20 years to achieve maximum returns with minimum investment:

Step 1: Learn about the SIP plan for 20 years from the table mentioned above and choose one that aligns with your financial goals and risk profile.

Step 2: Decide on the frequency and amount of your investments.

Step 3: Complete your KYC and provide bank account details with auto-debit facility activation.

Step 4: The SIP amount will be allocated to the chosen ULIP fund based on your investment preference.

Step 5: The fund manager will invest the accumulated amount in various assets, such as equities, bonds, or a combination of both, based on the investment objective of the scheme.

Step 6: On the specified date, the amount deducted from your bank account is utilized to purchase units of ULIP funds at the prevailing NAV.

Step 7: You have the flexibility to increase, decrease, or stop your SIP contributions at any time.

Step 8: Use a SIP calculator to get an idea of returns from the selected SIP plan for 20 years.

Wrapping Up!

The SIP plan for a 20 years or longer investment horizon, follows the investment strategy to emphasize long-term growth through a well-diversified portfolio of equity and debt instruments. Investors should prioritize SIP plans offered by reputable asset management companies with a proven track record of consistent returns and effective fund management teams.