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ULIP is known for its dual approach, which offers both growth & financial protection, due to its combination of investment & insurance. One part of the premium is diverted towards life coverage,& the remaining part is invested towards market-linked funds. This plan offers flexibility in paying premiums & allocation of funds in different asset classes, such as debt, equity, or both.
While selecting among the different types of ULIP plans available, an investor should assess the desired returns on the basis of risk tolerance level & investment horizon. A ULIP return calculator is an online tool that helps calculate the return value depending on the type of fund, premium amount, & policy tenure. It helps in comparing different plans available & aligning them with the financial objectives.
Characteristics of Different Types of ULIP Funds
Fund TypeRisk ParameterReturn on InvestmentFund Potential & Volatility Based on MarketLiquid FundsLowLowFund Potential Range: 4.78% to 6.95%
Volatility: LowEquity FundsHighHighFund Potential Range: 20.84% to 34.23%Volatility: HighBalanced FundsMediumMediumFund Potential Range: 9.23% to 13.25%
Volatility: MediumDebt FundsMedium to lowLowFund Potential Range: 8.11% to 14.09%Volatility: HighGrowth FundHighHighFund Potential Range: 8.8% to 19.2%Volatility: HighGrowth Super FundHighHighFund Potential Range: 8.5% to 9.7%Volatility: HighBond FundsMediumMediumFund Potential Range: 8.81% to 10.63%Volatility: MediumConservative FundLowLowFund Potential Range: 8.06% to 11.07%Volatility: Low
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Different Types of ULIP Plans
To find the best ULIP plan in India, it becomes important to know the different types of ULIP plans available like debt, equity, balanced funds, etc. Let us under… Read More
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