- Market-Linked Investment: Your premium is invested in 10 fund options, based on how much risk you want to take, and investors often evaluate performance history to choose the best SIP plan .
- Life Cover Options: You can choose between two protection options: Life Option – gives a basic death benefit.
- Extra Life Option – gives extra money if death happens due to an accident.
ULIP Plans
Market-linked investment with cover
A Unit Linked Insurance Plan (ULIP) is a combination of market-linked investment & life cover. Compare and Buy the Best ULIP plans available in India in 2026
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ULIP Plans Plans
26 plans available · Updated today
Showing 26 plans
- It is a ULIP plan with Regular Pay option.
- Accidental Death benefit, Critical Illness benefit and Accidental Total & Permanent Disability (ATPD) benefit are inbuilt add-ons of the plan.
- There are 8 coverage options under the plan: Life Option – Death Benefit
- It is a unit linked plan with Regular Pay option which can be converted to limited pay
- There are 2 coverage options under the plan:
- Life Option – Death Benefit
- It is a unit linked plan with Single Pay option of premium payment
- Blue chip Fund
- Opportunities Fund
- Market-Linked Investment Opportunity: The Smart SIP plan puts money into funds that are linked to the market, giving policyholders a chance to take part in possible market growth.
- Life Insurance Coverage: The policy contains life insurance that will pay for the policyholder's beneficiaries if the policyholder dies.
- Accidental and Disability Protection: Health Buddy is the integrated Accidental and Disability Protection layer under this plan. It ensures that the financial goals of your SIP aren't derailed by medical emergencies or loss of income due to accidents. It offers protection against accidents and disabilities, including rewards for accidental death and total and permanent disability.
- Sum Insured
- ₹50K – ₹1.2 L
- Plan Options: iSIP Wealth : This option provides market-linked returns, a premium waiver, and tax benefits.
- iSIP Young Genius : This child plan secures your child’s future by ensuring policy continuity and covering future premiums if the life assured is no longer around.
- Cost Benefits: You can save money on premium allocation and policy charges, which helps increase your returns.
- Protection for Life: One of the key features of Tata AIA Fortune Maxima is that it provides life coverage for the policyholder. In case of the policyholder's untimely demise, the nominee will receive a lump sum amount that can be used to meet their financial needs. The death benefit amount is tax-free as per the provisions of the Income Tax Act 1961.
- Flexible Premium Payment Options: The policyholder can choose the premium payment frequency at their convenience. They can opt for monthly, quarterly, half-yearly, or yearly premium payment modes. This flexibility ensures that the policyholder can choose the premium payment mode that best suits their financial situation.
- Guaranteed Benefits: Tata AIA Fortune Maxima ULIP plan provides guaranteed benefits to the policyholder. This means that the policyholder will receive the maturity benefit, even if they survive till the end of the policy term. The maturity benefit is paid at the end of the policy term and can be used to meet future financial needs such as children's education, and retirement planning.
- It is a unit linked plan with Single Pay option of premium payment
- Guaranteed Additions are added after the first 5 policy years
- The following funds are available for investment
- Two plan options are available: the Smart Life Option, offering coverage up to age 75, and the Whole Life Option, providing coverage up to age 100.
- No premium allocation charges and no policy administration charges are applicable throughout the policy term.
- You can choose from 5 different investment strategies and 19 funds to match your diverse investment goals, as choosing the best SIP to invest depends on risk tolerance and investment goals.
- You can choose a life insurance cover up to 125 times the premium, depending on your age, Premium Payment Term (PPT), and Policy Term (PT) at the time of purchase.
- From the 10th to the 13th year, you will receive 2 times the Premium Allocation Charges to enhance your fund value.
- Starting from the 11th year, 2 times the Mortality Charges will be returned to you until the end of the policy term.
- Bandhan Life ULIP Funds
- Aviva Life ULIP Funds
- Bajaj Life ULIP Funds
- Single Pay option of premium payment
- Loyalty Additions at the policy term end
- Accelerator Mid-cap Fund II
- It is a ULIP plan with Regular and Limited Pay premium payment option
- Portfolio Strategies: Investor Selectable Portfolio strategy and Wheel Of life
- Selectable Portfolio Strategies: If the investor wants to allocate his premiums as per his personal choice, can opt this strategy to choose between the seven funds to meet his requirements
- Return of Mortality Charges: The life cover charges deducted during the policy term are added back to your fund value at maturity, if all premiums are paid.
- Return of Allocation Charge: The allocation charge (a fee when you pay the premium) is returned either at maturity or after the 10th policy year, depending on how the plan is structured.
- 5 Smart Investment Strategies: You can choose how your money is invested based on your comfort level and financial goals.
- Eligibility
- Minimum Age of entry – 18 years
- Maturity Benefit: You will get the fund value on the date of maturity as a maturity benefit only if you have exercised the settlement option.
- Death Benefit: In case of your unfortunate death during the policy term, your nominee/ beneficiary will receive the higher of the following:
- Sum Assured (minus) any partial withdrawals
- 15 Fund Options: Choose from a diverse range of 15 fund options to align your investments with your risk appetite.
- Free Fund Switches: Enjoy the freedom to switch between funds up to 12 times a year at no extra cost.
- Partial Withdrawals: Once the five-year lock-in period ends, you can make two partial withdrawals per year to meet your financial needs.
- It is a ULIP plan with Limited Pay option of premium payment
- 11, 15 or 20 times the annual premium can be chosen as the Sum Assured as per requirement based on the age of the insured
- There is a Dynamic Fund Allocation option, under which the funds are initially maintained in Growth Super Fund and gradually transferred to Secure Fund towards policy maturity.
- Guaranteed Maturity Benefit: Get a guaranteed lump sum payout to achieve your financial goals.
- Flexible Savings: Choose from 6 term options to fit your savings plan.
- Complete Protection: Your loved ones receive a death benefit if something happens to you during the policy term.
- This ULIP plan provides both regular and single premium payment options.
- There are two investment options offered by the plan-
- Opportunities Fund
- It is a ULIP plan with Single Pay and Limited Pay option.
- The premium paid is invested under the guaranteed wealth protector strategy.
- Under the strategy, the premium is split between the life growth fund and life secure fund in a pre-determined ratio depending on age of the policyholder. The fund is then balanced periodically to achieve the desired ratio.
- The plan provides 3 types of premium payment option i.e. limited pay, single pay and regular pay.
- ICICI Prudential Wealth Builder II Plan provides two investment options- Fixed Port Folio Strategy and Lifecycle Based Portfolio Strategy.
- Opportunities Fund
- It is a ULIP plan with Limited Pay, Single Pay and Regular Pay options.
- Two investment strategies are offered under this plan- Fixed Portfolio Strategy, where there is a choice of 8 funds for investment purposes and Lifecycle based Portfolio Strategy where the investment choice depends on the age of the policyholder.
- The following 7 funds are available for investment under the Fixed Portfolio Strategy: Opportunities Fund
- It is a unit linked plan with Limited Pay and Single Pay option
- The policy term is fixed at 10 years while the PPT is fixed at 5 years in case of limited pay
- There are 6 Funds available for investment:
- Death Benefit: If the insured person passes away during the policy term, the Death Benefit will be paid to the nominee or policyholder, depending on the Policy's status. The benefit is the higher of: The Sum Assured minus any partial withdrawals made within the two years before the insured's death.
- The Policy Fund Value at the time of intimation of death.
- 105% of all premiums paid until the date of death. The Sum Assured is 10 times the Annualized Premium.
About ULIP Plans
What is ULIP Plans?
A Unit Linked Insurance Plan (ULIP) is a combination of market-linked investment & life cover. Compare and Buy the Best ULIP plans available in India in 2026
Why buy ULIP Plans?
- Financial protection against unexpected events
- Peace of mind for you and your family
- Tax benefits available on premiums
- Cashless / direct settlement of claims
Key benefits
- Comprehensive coverage tailored to your needs
- Add-on covers for extra protection
- Lifetime renewals (where available)
- Tax savings under applicable sections
What to check before you buy
- Compare premiums for the same cover across insurers
- Read inclusions and exclusions carefully
- Check claim settlement ratio and process
- Review eligibility — age, sum insured, waiting periods
- Verify network coverage (hospitals/garages where applicable)
Tax benefits
Premiums paid may be eligible for tax deductions under various sections of the Income Tax Act. Consult a qualified tax advisor for specifics.






