ULIPs prove to be a smart purchase that doubles up as an investment as well as gives you life cover. With a Unit Linked Insurance Plan, you have the opportunity to capitalize on market returns while enjoying tax benefits throughout your investment – from start to maturity. The life cover which is inbuilt protects your family from any misfortunes and your investment would never go futile.
In simple words,
ULIP = Potential Growth of money + Tax Benefit + Life Cover
Read on and find out how ULIPs by ICICI Pru Life are best suited to help you achieve your financial goals:
Potential for high returns
Investing in ULIPs gives you the prospect of earning market-linked returns. Our funds have consistently performed better than benchmark indices. For example, if you look at the Maximiser V fund, investors have got an average return of about 13.87% since inception.
Flexibility to switch to monthly investments in the next financial year
Once you begin investing in the fund, you may start off with a lump sum, which might be the need of the hour for someone who is looking to save as much tax for the year. However, you then have the flexibility of investing on a monthly basis (just like an SIP) once the next fiscal year begins. This flexibility becomes beneficial to most people to plan their budgets.
Tax benefits at maturity
The continuous tax benefits make ULIP one of the most sought after investments when it comes to saving tax. While the premiums you pay are tax free under section 80C, the money you receive is tax free under section 10(10) D, which makes sure that you get the entire amount in your pocket, without any tax cut.
The most differentiating element of a ULIP is the life cover that you get with the plan. An amount of 10 times the premium comes along with plan which makes sure your investment efforts do not go waste in case of any mishap.Thus, with ULIPs, you have the potential to create wealth if you stay invested for full policy term and at the same time take care of your family in case of an unforeseen mishap.
Starting to invest in a ULIP plan online is simple and convenient. Filling up the form can be completed in just 5 mins, and you can use any of your favoured payment methods to complete the transaction. You can also track the status of your investments by logging on to your account at iciciprulife.com, and all policy servicing can be done online with ease there. You also receive extensive assistance when required over the call, to complete your buying journey and any subsequent policy related needs.
 Past performance is not indicative of future performance.
 (SFIN : ULIF 114 15/03/11 LMaximis5 105) Inception Date : August 29, 2011
 Tax benefits under the policy are subject to conditions under provisions under Income Tax Act, 1961. Tax laws are subject to amendments from time to time.
 A multiple of 10 times of premium as life cover is specific to this product and can't be assumed for all products.
Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.