ULIP Offers Protection and Investment Growth – Secure Your Future Today

Looking for a plan that protects your family and grows your money? ULIPs give you the best of both — explore your options today.
Check Life Insurance Policies
3 min
29-May-2025

If you're planning for your family's future, you don’t have to choose between safety and returns. ULIPs (Unit Linked Insurance Plans) offer you both — a life insurance cover and an investment that grows with the market.

They’re one of the few financial products that give you flexibility, potential for high returns, and peace of mind — all in one. And the best part? You’re in control of how and where your money grows.

Why is it important to balance security and growth?

Because life needs both — protection for today and growth for tomorrow.

Choosing only safety may leave you underprepared for long-term goals. On the other hand, chasing high returns without a safety net can expose you to risk. That’s why striking a balance is key.

Why you need this balance in your financial plan:

  • Financial stability in emergencies: Life cover acts as a safety cushion during unexpected life events.
  • Protection against inflation: Market-linked funds help your money keep pace with rising costs.
  • Meeting life goals: Be it a child’s education or your retirement, ULIPs can help you save steadily.
  • Minimised risks: Investing across different asset types reduces the impact of market volatility.
  • Access when you need it: After the 5-year lock-in, partial withdrawals give you financial flexibility.

Ready to balance risk and returns smartly? Explore ULIPs — a plan that lets you protect your loved ones while growing your investments. Get quote → Compare → Choose your plan today.

How ULIPs help in protection and investment growth?

Get the power of two in one plan — insurance + returns.

ULIPs are designed for real-life goals — they give your family a financial cushion if something happens to you and help you grow your wealth while you're still here to enjoy it.

Here’s how ULIPs combine safety and returns:

  • Life insurance cover: A portion of your premium goes toward life cover — ensuring your loved ones are protected.
  • Market-linked growth: Invest in equity, debt, or hybrid funds based on your comfort with market movements.
  • Switch funds anytime: Move your money between funds to adjust with market conditions or personal needs.
  • Long-term wealth creation: Staying invested for 10+ years gives your money time to grow and compound.
  • Tax benefits: Enjoy deductions under Section 80C and possible tax-free maturity under Section 10(10D)*.

Insure, invest, and grow — discover ULIP plans made for your lifestyle. Check plans, premiums and get quote!

Key factors to consider before investing in ULIPs

A few smart checks now can make a big difference later.

ULIPs come with flexibility — but that means you’ll need to align your choices with your goals. Think about what you want your plan to do — protect, grow, or both.

What to review before buying a ULIP:

  • Your financial goal: Saving for retirement? A child’s future? Choose a ULIP that supports that vision.
  • Risk appetite: Comfortable with risk? Choose equity. Prefer stability? Go for debt. Or balance both.
  • Fund track record: Past performance doesn’t guarantee future results — but it helps assess consistency.
  • Charges involved: Review all charges — premium allocation, fund management, mortality — and how they affect returns.
  • Policy term: ULIPs work best when held long-term — think 10 years or more.
  • Liquidity and withdrawals: After 5 years, you can withdraw partially — useful during planned expenses.
  • Free fund switches: Plans that allow low-cost or free switching give you greater control.

Find the right plan by checking fund options, policy features, and potential returns — all in one place. Compare ULIP plans based on your risk profile and investment horizon — get quote!

Pro Tip

Create wealth and meet your financial goals with a ULIP investment plan, start investing from Rs. 3,000/month.

How to choose the right ULIP plan?

Find a plan that fits you — not the other way around.

No two investors are the same — so why settle for a one-size-fits-all plan? Choosing the right ULIP means picking one that adapts to your goals, income, and comfort level with markets.

Steps to pick the best ULIP for your future:

  • Know your goal: Protection? Growth? Both? Your goal defines the plan you need.
  • Check insurer reputation: High claim settlement ratios and digital-first service make a difference.
  • Compare charges: Go for plans with transparent, low-cost structures.
  • Pick the right fund: Equity for ambition, debt for stability, hybrid for balance.
  • Look for flexibility: Features like fund switches and premium redirection give you control.
  • Understand lock-ins and exits: Read the fine print on maturity timelines and withdrawal rules.
  • Additional bonuses: Look for loyalty additions or wealth boosters — these can increase your returns.

Find a ULIP that grows with you — Compare, customise, and get instant quotes.

Conclusion

ULIPs give you more than just returns — they give you peace of mind. Whether you’re building a nest egg, saving for your child, or just wanting a plan that protects while it grows, ULIPs can help you get there.

By choosing a plan that matches your needs, staying invested, and switching funds smartly, you set yourself up for financial confidence in the years ahead.

Secure your tomorrow — Compare ULIP plans → Check returns → Get your quote now!

Frequently asked questions

Which investment plans help secure wealth and facilitate growth?
Investment-cum-protection plans like ULIPs, mutual funds with insurance cover, and endowment policies offer security while growing investments. ULIPs are especially beneficial due to their dual structure, allowing fund allocation across equity and debt options.

Do investment protection plans provide tax benefits?
Yes, ULIPs offer tax benefits under Section 80C for premiums paid, and the maturity proceeds may be tax-free under Section 10(10D), subject to conditions. These tax benefits make ULIPs a tax-efficient investment choice.

Can I withdraw funds early from an investment protection plan?
ULIPs allow partial withdrawals after the five-year lock-in period. However, frequent withdrawals can impact long-term wealth accumulation. It is advisable to withdraw only when necessary and let the investment grow over time.

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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Life Insurance Corporation of India (LIC), Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Company Limited, Star Health & Allied Insurance Company Limited, Care Health Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure & policy wordings carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also distributor of other third-party products from Assistance service providers such as CPP Assistance Services Private Limited, Bajaj Finserv Health Limited. etc. All product information such as premium, benefits, exclusions, value added services etc. are authentic and solely based on the information received from the respective Insurance company or the respective Assistance provider company.

Note - While we have made all the efforts and taken utmost care in gathering precise information about the products, features, benefits etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective products sales brochure and policy/membership wordings before concluding sales.