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We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.

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FAQs on Benefits of Life Insurance

What is the average return on a ULIP?

Answer

The average return of a ULIP depends on various factors, like market performance, investment duration, type of fund chosen, and more. On average, an equity-oriented ULIP may give similar returns to equity-linked investments. However, remember that past performance is not indicative of future returns.

Are there any guarantees on the returns of a ULIP investment over 25 years?

Answer

The returns of a ULIP are not guaranteed, as the funds are invested in market-linked instruments. The ULIP returns in 25 years depend on market performance. It is advisable to be aware of the risks involved in the process before investing.

Can I check the performance of my ULIP investment over the 25-year period?

Answer

Yes, you can check the performance of your ULIP scheme through online portals, mobile applications, or through your insurance company’s branch. In addition, you will receive statements about the ULIP fund performance from your insurer on a regular basis. 

Are there any bonuses or rewards for investors who maintain their ULIP investments for the entire 25-year term?

Answer

Some companies may offer rewards or loyalty bonuses for investors who complete their 25-year tenure. However, this is subjective and varies from insurer to insurer. If you are keen on such bonuses, consult your insurance provider before making any purchase decisions. Making smart choices and using the right strategies with your ULIP investments can help you with your wealth creation goals.

How does the ULIP investment cater to changing financial goals and objectives over a span of 25 years?

Answer

A ULIP policy allows you to switch funds from one category to another. Suppose you had invested in an equity fund when you were in your 20s and had a high risk appetite. However, now you prefer conservative options while in your 30s. Here, you can reach out to your insurer and switch your existing fund option to align your investments with your changing lifestyle. 

You can also opt for the premium redirection feature, wherein your upcoming premiums are moved to a different fund option than you had originally chosen.

Can I adjust my asset allocation within the ULIP to manage risk over 25 years?

Answer

Yes, you can adjust your asset allocation within a ULIP to suit your needs. With the fund-switching feature, you can transfer funds from one category to another. The premium redirection feature allows you to shift your upcoming premiums towards a new fund. This allows you to manage risks and enjoy optimal ULIP returns in 20 or 25 years.

Are there any tax implications on the returns generated by ULIPs over 25 years?

Answer

As per prevailing laws, the maturity proceeds from a ULIP (issued on or after 1st February 2021) will be taxable if:

The annual premium paid for the ULIP exceeds ₹2.5 lakh in any year during the 25-year term. Similarly, if you hold multiple ULIPs and the aggregate annual premium goes beyond ₹2.5 lakhs in a year, the maturity proceeds will be taxed.

In addition, as per updates in Union Budget 2025, the taxable proceeds from a ULIP will fall under long-term capital gains (LTCG), just like other equity-based investments. The LTCG tax rate applicable is 10% on gains exceeding ₹1 lakh in a financial year. However, no tax is levied on maturity proceeds if they are paid out due to the death of the policyholder.

As ULIP funds cannot be withdrawn before a year is completed (due to the lock-in period), a case of short-term capital gains tax will be rare.

** Tax exemptions are as per applicable tax laws from time to time.

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