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First paragraph105 words

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.

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Second paragraph62 words

What is a Unit Linked Insurance Plan (ULIP)?

A Unit Linked Insurance Plan (ULIP) combines life insurance with market-linked investments, letting you build wealth while securing your family’s future. Part of your premium goes towards life cover, and the rest is invested in funds aligned to your risk profile (equity, debt, or balanced). This structure is central to ULIP benefits for long-term investors seeking protection plus growth.

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Benefits of a ULIP Plan

A ULIP plan offers several features that support long-term financial planning and flexibility. Some of the key benefits of a ULIP plan are explained below.

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More Than Tax Savings: Key ULIP Benefits Explained

ULIPs are built for long-term goals, offering protection, disciplined investing, and flexibility beyond ULIP tax benefits. For many investors, these benefits are as valuable as the tax features.

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Market-Linked Growth with Life Cover Benefits

Investing in the best ULIP can help you achieve long-term wealth creation and life coverage. It is the best investment option to meet your financial goals. Buy ULIP from Canara HSBC Life Insurance to get life cover, multiple portfolio management options, flexible premium paying options, tax benefits, and a wide array of other benefits.

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Second paragraph25 words

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.

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ULIP Plans Offered by Canara HSBC Life Insurance

Canara HSBC Life Insurance offers a range of ULIP plans designed to meet different investment objectives, risk appetites, and protection needs. These plans combine market-linked investment opportunities with life insurance protection while offering flexible fund options, growth enhancers, and value-added features to support long-term financial planning.

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Second paragraph25 words

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.

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Market-Linked Growth with Life Cover Benefits

ULI is a plan that includes dual investment and life insurance benefits. ULIP full form is Unit Linked Insurance Plan.

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Popular Search

What is ULIP? ULIP Tax Benefit ULIP Full Form ULIP Vs Term Insurance Best ULIP Plans Best ULIP Plan For Child Allocation Charges In ULIP

First paragraph33 words

Things to Keep in Mind Before Investing in a ULIP Plan

Flexibility: ULIP offers you the flexibility to switch between the funds . When buying a ULIP, you must consider the cost and ease of switching, as well as complimentary switches during the policy period.

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Second paragraph42 words

What is a Unit Linked Insurance Plan (ULIP)?

ULIPs also offer flexibility to switch between funds, top-up investments, and adjust premiums within policy rules, making them adaptable to changing goals. This flexibility, along with potential ULIP tax benefits under current law, has made ULIPs popular among goal-based planners .

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Myth 2: ULIP is a Risky Investment Option

Under ULIP, investors are allowed to choose funds based on their risk appetite. ULIP come with several fund options, such as debt and liquid funds for low-risk investors, while equity funds for high and moderate risk investors.

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Second paragraph26 words

What are the Investment Fund Options Available in ULIP?

ULIPs offer multiple fund categories so investors can align risk and return profiles. Choosing the right mix enhances ULIP benefits while preserving tax benefits where eligible.

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ULIP Tax Benefits

The tax treatment of ULIP maturity proceeds depends on the date of policy issuance and the premium amount. For ULIP policies issued before 1 February 2021, the maturity proceeds are generally tax-exempt under Section 10(10D) , irrespective of the premium amount. However, for ULIPs issued on or after 1 February 2021, the maturity amount may be taxable under the head “Capital Gains” if the aggregate annual premium exceeds ₹2.5 lakh, as per prevailing tax provisions.

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Top 5 ULIP Tax Benefits You Should Know

10(10D) Exemption on Maturity (Subject to Conditions): Maturity proceeds can be tax-free if the policy meets Section 10(10D) conditions, including the aggregate ULIP premium threshold test. Staying within ₹2.5 lakh aggregate annual premium across ULIPs preserves this ULIP tax exemption. Monitor premiums across policies each year to retain eligibility.​

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Common Mistakes When Buying a ULIP

ULIPs are popular financial instruments that offer a flexible and tax-efficient way to build wealth . However, they can be complex and often lead to mistakes that affect returns or policy effectiveness. To maximise the benefits of a ULIP, it’s important to be aware of the common pitfalls listed below and avoid them when making your purchase.

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Second paragraph29 words

More Than Tax Savings: Key ULIP Benefits Explained

ULIPs are built for long-term goals, offering protection, disciplined investing, and flexibility beyond ULIP tax benefits. For many investors, these benefits are as valuable as the tax features.

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How to Manage Your ULIP Investment?

Unit Linked Insurance Plan(ULIP) is a long-term investment instrument that helps you achieve financial goals in a structured manner. However, to make the most out of your Unit Linked Insurance Plan, you need to learn how to manage it wisely. You need to ensure that your returns are balanced across different asset classes so that any loss caused by one asset class may be offset by another, thereby minimising the overall risk of your investments. Here are some tips that will help you manage ULIP effectively

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Second paragraph62 words

What is a Unit Linked Insurance Plan (ULIP)?

A Unit Linked Insurance Plan (ULIP) combines life insurance with market-linked investments, letting you build wealth while securing your family’s future. Part of your premium goes towards life cover, and the rest is invested in funds aligned to your risk profile (equity, debt, or balanced). This structure is central to ULIP benefits for long-term investors seeking protection plus growth.

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Benefits of a ULIP Plan

Flexibility: ULIP plans allow you to switch to a different investment option. This can be useful if you do not have fixed financial goals or wish to rebalance your investments by shifting between funds. It provides you with greater flexibility by allowing you to control where and in what proportion your money is invested. The following features provided by ULIPs enable this flexibility: Fund Switching Option: Through the use of this feature, you can move your money between funds based on your investment preferences. For example, you may have invested a significant portion of your money in equity funds and now wish to transfer some of it to safer debt funds. The fund switching option allows you to do this. Redirection of Premium: ULIPs provide multiple fund options for investment. If you have invested in one fund earlier and no longer find it suitable, you can choose another fund, and the future premiums will be redirected to that fund. Partial Withdrawal Facility: This option allows you to withdraw a portion of your funds if required, subject to policy terms and the completion of the lock-in period. Top-up Facility: Through this feature, you can add additional funds to your existing ULIP investment without changing the policy.

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Second paragraph67 words

More Than Tax Savings: Key ULIP Benefits Explained

Fund Switching Flexibility: Use fund switching to actively realign your ULIP, shifting across equity, debt, and balanced options as your risk profile and markets evolve, while keeping taxation tied to overall policy eligibility rather than each switch. Switch between equity, debt, and balanced funds without exit loads within policy rules Rebalance as risk tolerance and market conditions change Tax outcomes follow overall ULIP eligibility, not each switch

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Features of ULIP Plans

With a ULIP, you have the flexibility to select your fund as per your risk appetite. ULIPs come with a variety of funds to choose from. Investors with a low risk appetite can invest in debt funds, while those with a high risk appetite can invest in equity funds.

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Second paragraph26 words

What are the Investment Fund Options Available in ULIP?

ULIPs offer multiple fund categories so investors can align risk and return profiles. Choosing the right mix enhances ULIP benefits while preserving tax benefits where eligible.