Yes Bank SIP Plans
Yes-Bank is the fourth largest private commercial bank operating
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SIP Insurance Plan Benefits
Start SIP with as low as ₹1000
No hidden charges
Save upto ₹46,800 in Taxunder section 80C^
Zero LTCG Tax¶
Disciplined & worry-free investing
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
3 Years |
5 Years |
10 Years |
| PNB Metlife |
17.59% |
26.28% |
|
| Birla Sun Life |
16.46% |
22.3% |
|
| Tata AIA |
15.6% |
22.37% |
|
| Bajaj Allianz |
16.09% |
21.14% |
|
| Bharti AXA |
12.28% |
19.29% |
|
| HDFC Standard |
12.23% |
18.23% |
|
| Max Life |
11.9% |
17.66% |
|
| SBI |
12.46% |
17.13% |
|
| ICICI Prudential |
10.9% |
16.61% |
|
| Canara HSBC Oriental Bank |
10.71% |
14.33% |
|
| |
Returns |
| Fund Name |
3 Years |
5 Years |
10 Years |
| Active Fund QUANT |
24.92% |
31.48% |
|
| Flexi Cap Fund PARAG PARIKH |
20.69% |
26.41% |
|
| Large and Mid-Cap Fund EDELWEISS |
22.34% |
24.29% |
|
| Equity Opportunities Fund KOTAK |
24.64% |
25.01% |
|
| Large and Midcap Fund MIRAE ASSET |
19.74% |
24.32% |
|
| Flexi Cap Fund PGIM INDIA |
14.75% |
23.39% |
|
| Flexi Cap Fund DSP |
18.41% |
22.33% |
|
| Emerging Equities Fund CANARA ROBECO |
20.05% |
21.80% |
|
| Focused fund SUNDARAM |
18.27% |
18.22% |
|
Yes-Bank’s life insurance repertoire is varied, delivering a bouquet of standout products tailored to individual preferences. Accordingly, you can choose from plans for protection, retirement, children’s future, savings and income, and wealth creation. The last-named presents unique schemes that combine insurance protection and investment to deliver a hefty corpus upon maturity. Therefore, you have a range of Unit Linked Insurance Plans (ULIP) to choose from to create wealth. So, let us dig deeper to find out more.
Understanding Yes Bank SIPs and ULIP
SIP or Systematic Investment Plan is a way to invest your money to yield high returns. Here, under Yes Bank SIP, we will discuss ULIP plans offered by the Bank. ULIP policies are similar to the mutual funds^^ in as much as their investment strategies go. However, ULIP scores over them, combining life insurance cover and investment opportunities in market-linked instruments to maximize profits.
Therefore, ULIP is a life insurance product under the Yes-Bank SIP Plans category. In addition, there are hardly any life insurance plans as flexible as ULIP in terms of payment modes, terms, and investment portfolio design. Moreover, the ULIP structure carries a long-term growth potential besides attractive tax savings options.
Yes-Bank ULIPs – How Do They Work?
ULIPs use the premium in two components. One part provides life risk protection and financially shields your near and dear ones in your absence. In contrast, the second part purchases market-linked units like debt and equity for higher long-term yields. Though you can play a role in allocating assets, you need not track individual funds as dedicated professional managers devise investment strategies to achieve fund objectives.
Similar to mutual funds, Yes Bank SIP Plans allow premium payment in installments. The investment components are pooled from several policyholders to create a diverse portfolio in market funds in specific proportions. The primary aim is to maximize profits on behalf of the policyholder. Of course, ULIPs are locked in during the initial 5-years when several charges like the Premium Allocation Charges apply before purchasing units. Therefore, your asset’s worth is your portfolio unit’s combined NAV (Net Asset Value).
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Yes-Bank ULIPs
ULIPs are wealth creation solutions offered by Yes Bank under corporate agency arrangements with reputed insurers. Accordingly, the bank offers:
-
Max Life Fast Track Super Plan
-
Max Life Platinum Wealth Plan
-
Max Life Flexi Wealth Plus Plan
-
HDFC Life Sampoorn Nivesh
All the four ULIP policies offered by Yes Bank stand apart with characteristic features. Therefore, let us explore them individually for a better understanding.
-
Max Life Fast Track Super Plan
The ULIP policy helps you fast-track your financial objectives while protecting your family from untoward incidents. The critical highlights of Max Life Fast Track Super Plan are:
-
The plan secures your family finances while helping you achieve long-term goals.
-
Invest in six fund options for market-linked returns.
-
Earn guaranteed loyalty additions during the policy term.
Eligibility
| Max Life Fast Track Super Plan |
| Parameters |
Minimum |
Maximum |
| Entry Age |
3-months (91 days) |
50 to 60 years |
| Maturity Age |
18 years |
70 years |
| Sum Assured |
Rs.2.5 to Rs.5 Lac |
No limit |
| Policy Term |
10 to 20 years |
| Premium Payment Term |
Single Pay, 5-years, and 20-years |
| Premium Payment Mode |
Single, Yearly, Half-yearly, Quarterly, and Monthly |
Investment Strategy
-
Max Life Platinum Wealth Plan
The ULIP helps you grow money through market-linked returns and additional wealth boosters to meet your long-term goals while protecting your family financially. Max Life Platinum Wealth Plan's critical attractions are:
-
Flexible investment options
-
Comprehensive life insurance coverage
-
Guaranteed loyalty additions and wealth boosters
-
Earn attractive savings interest on “Yes Bank” accounts
Eligibility
| Max Life Platinum Wealth Plan |
| Parameters |
Minimum |
Maximum |
| Entry Age |
3-months (91 days) |
55 to 60 years |
| Maturity Age |
18 years |
65 to 70 years |
| Sum Assured |
Limited: Rs. 20 Lac
Single: Rs.20 Lac
Regular: Rs. 2.5 Lac |
No limit |
| Policy Term |
10-years – Single Pay
10 to 20 Years – Limited and Regular |
| Premium Payment Term |
Single Pay, 5-years, and 20-years |
| Premium Payment Mode |
Single, Yearly, Half-yearly, Quarterly, and Monthly |
| Rider |
Max Life Partner Care |
| Wealth Booster |
2 to 2.5% of the fund value depending on sam assured based bands |
Investment Strategy
-
Max Life Flexi Wealth Plus Plan
You can tailor the ULIP with flawless flexibility and continuous protection during the policy term. The Max Life Flexi Wealth Plus Plan’s critical highlights are:
-
Flexible plan options regarding policy terms and premium payment
-
Opportunity to personalize your investment portfolio
-
Minimal investment cost with wealth boosters and return of mortality charges
-
Plan Variants:
Eligibility
| Max Life Flexi Wealth Plus Plan |
| Parameters |
Minimum |
Maximum (Years) |
| Entry Age – Wealth |
3-months (91 days) |
45 to 70 years, depending on the premium payment mode |
| Entry Age – Whole Life |
18 years |
65 minus premium term |
| Maturity Age |
Wealth: 18 years
Whole-Life: 100 years |
Wealth: 80 years
Whole-Life: 100 years |
| Sum Assured |
Rs.2.5 to Rs.10 Lac depending on the plan variant |
No limit |
| Policy Term |
Wealth: 10 to 30 years
Whole-Life: 100 years minus the entry age |
| Premium Payment Term |
Wealth: 10 to 30 years
Whole-Life: 7 to 20 years l |
| Premium Payment Mode |
Single, Yearly, Half-yearly, Quarterly, and Monthly |
| Wealth Booster |
2 to 2.5% of the fund value depending on sam assured based bands |
Investment Strategy
Choose from the available ten fund options under the plan.
-
HDFC Life Sampoorn Nivesh
The ULIP policy offers multiple fund options for insurance cover and optimizing investments. Moreover, several benefits meet your protection needs. The key highlights of HDFC Life Sampoorn Nivesh are:
-
Reducing charges with higher premiums
-
Choose from three benefit options
-
Loyalty additions after 10-years
-
Plan Benefit Options:
-
Classic Life
-
Classic Extra Life
-
Classic Plus
-
Classic Waiver
Eligibility
| HDFC Life Sampoorn Nivesh |
| Parameters |
Minimum |
Maximum (Years) |
| Entry Age |
30 days to 18 years |
47 to 60 years |
| Maturity Age |
18 to 28 years |
57 to 70 years |
| Policy Term |
10, 15, 20 years |
| Premium Payment Term |
Single
Regular: 10, 15, 25 years
Limited: 5, 7, and 10 years |
| Premium Payment Mode |
Single, Yearly, Half-yearly, Quarterly, and Monthly |
| Rider |
Available |
In Conclusion
ULIPs are the ideal alternative to mutual funds with the life insurance cover added benefit. Therefore, you can invest in ULIP policies offered under the Yes Bank SIP Plans to reap the benefits of market-linked instruments, which are potentially high-yielding. In addition, you can save on your tax liabilities both at the investing and benefit stages. Additionally, you are spoilt for choice with the Yes Bank offering ULIPs from different insurers under their corporate agency for a customized product.
FAQs
-
Q: Which market instruments do the ULIP fund managers prefer for investments?
Ans: ULIP fund managers are dedicated professionals looking to invest in market instruments to maximize profits. Accordingly, they choose government securities, corporate bonds, money market, cash instruments, equity, and equity-related securities matching the policyholder’s risk profile.
-
Q: How do you calculate the ULIP fund’s value payable on maturity?
Ans: The fund value in your ULIP policy is the sum of the number of fund units multiplied by the “NAV” of the fund units on the maturity date.
-
Q: What do you mean by annualized premium in the “Yes Bank” SIP plans?
Ans: Annualized premium denotes the total premium in a policy year, excluding underwriting premium, modal loading, rider premium, and applicable taxes.
-
Q: What is the benefit under the critical illness plus rider?
Ans: You can purchase the rider under HDFC Life Sampoorn Nivesh ULIP policy to receive a lump sum benefit when the life insured is diagnosed with any listed critical illnesses.
-
Q: What is the applicable lock-in period in the “Yes Bank” SIP Plans?
Ans: The lock-in period is 5-years from the policy’s inception, during which you cannot withdraw from the ULIP fund.
