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Unit Linked Insurance Plans - Top Selling Plans
Canara HSBC Life Insurance offers online ULIP plans that blend life insurance protection with investment growth, helping you build wealth while securing your family's future.
Unit Linked Insurance Plans - Top Selling Plans
Canara HSBC Life Insurance offers online ULIP plans that blend life insurance protection with investment growth, helping you build wealth while securing your family's future.
Secure Your Future with Confidence
Life Cover up to 100× Annual Premium 12 Fund Choices Automated Portfolio Strategies Maturity Booster
Secure Your Future with Confidence
Life Cover up to 100× Annual Premium 12 Fund Choices Automated Portfolio Strategies Maturity Booster
Invest Smart, Live Smart
Flexible Premium Options Multiple Fund Allocations Systematic Withdrawals Premium Waiver Benefit
Invest Smart, Live Smart
Flexible Premium Options Multiple Fund Allocations Systematic Withdrawals Premium Waiver Benefit
Wealth Today, Protection Always
Life Cover up to 100 Years Fund Switching Option Waiver Of Premium
Wealth Today, Protection Always
Life Cover up to 100 Years 13 Fund Options Fund Switching Option Waiver Of Premium
ULIP Tax Benefits
Under Section 80C, the premiums paid towards your ULIP are eligible for a tax deduction of up to ₹1.5 lakh per year, helping reduce your taxable income.
How to Choose the Right ULIP Plan?
Check Out the Tax Benefits: Investing in ULIP offers tax benefits . You can claim a deduction on your ULIP premiums of up to ₹ 1.5 lakh per annum, subject to conditions prescribed under Section 80C of the Income Tax Act, 1961 . Additionally, the maturity benefit is exempted subject to conditions prescribed under Section 10(10D)* of The Income Tax Act, 1961, which further maximises your tax efficiency.
Myth 5: Not a Good Option
ULIP plans combine life insurance protection with market-linked investments, making them a possible option for individuals looking to address both protection and long-term investment needs.
What is a ULIP Plan?
A ULIP (Unit Linked Insurance Plan) is an insurance product that offers you a dual benefit of life cover and investment to achieve long-term wealth creation . The premium paid for this plan is divided into two parts: one part of the premium goes towards life cover, and the remaining sum is invested in the fund of your choice. In ULIP plans, you can invest your money in equity, debt, or both as per your risk appetite. The ROI depends upon the performance of funds.
Features of ULIP Plans
Premium Payment Options: You can choose a single premium (one-time lump-sum payment at policy inception), a limited premium option (payments for a fixed period with continued coverage), or a regular premium (payments made throughout the policy term).
Features of ULIP Plans
Flexible Premium Payment Options: You can choose how to pay your premiums: Single Pay: one lump sum at the start Limited Pay: pay for a few years while coverage continues longer Regular Pay: pay throughout the policy term
Key Takeaways
ULIP premiums qualify for tax deductions of up to ₹1.5 lakh under Section 80C ULIP maturity and death benefits may be tax‑free under Section 10(10D) , under suitable conditions
How to Choose the Right ULIP Plan?
Check Out the Tax Benefits: Investing in ULIP offers tax benefits . You can claim a deduction on your ULIP premiums of up to ₹ 1.5 lakh per annum, subject to conditions prescribed under Section 80C of the Income Tax Act, 1961 . Additionally, the maturity benefit is exempted subject to conditions prescribed under Section 10(10D)* of The Income Tax Act, 1961, which further maximises your tax efficiency.
What is a ULIP Plan?
A ULIP is an insurance product that provides you with the double benefit of investment to achieve long-term wealth creation goal, and a life cover to secure your family’s future if there is an unfortunate event. The premium paid for ULIP is divided into two parts. One part of the premium is used for your life cover and the remaining sum is invested in the fund of your choice. In ULIP plans, you can invest your money in equity, debt or a combination of both funds depending on your risk appetite. The returns on the investment depend upon the performance of the funds.
What is a ULIP Plan?
A ULIP (Unit Linked Insurance Plan) is an insurance product that offers you a dual benefit of life cover and investment to achieve long-term wealth creation . The premium paid for this plan is divided into two parts: one part of the premium goes towards life cover, and the remaining sum is invested in the fund of your choice. In ULIP plans, you can invest your money in equity, debt, or both as per your risk appetite. The ROI depends upon the performance of funds.
Key Takeaways
ULIP combines life insurance protection with market‑linked investment growth ULIP plans offer flexibility through fund switching and premium redirection A mandatory 5‑year lock‑in encourages long‑term wealth creation
Features of ULIP Plans
ULIP is designed to combine insurance protection with investment growth, making it a flexible financial tool for different life stages. Some key features of a ULIP plan include:
ULIP Plans - Invest Smartly with ULIPs
Learn about ULIP plans, their features, investment options, tax benefits, & how they help you build long-term financial security with life insurance.
Types of ULIP Plans in India
Learn how ULIPs combine life cover with smart investing, offer fund flexibility, and empower you to grow wealth for your future needs.
Benefits of a ULIP Plan
Maturity Benefits: Apart from death benefits, ULIPs also provide maturity benefits. If the policyholder survives the policy term, they are entitled to receive the maturity value, which represents the accumulated fund value at the end of the policy tenure.
How Does a ULIP Plan Work?
Maturity or Claim: If you survive the policy term, you receive the fund value as a maturity benefit . In case of an unfortunate event, your nominee gets the life cover amount.