Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

ULIPs: Suitable for all

How to make the most of ULIPs

  • Nov 15, 2001
  • 22,874 Views

How to make the most of ULIPs

Unit-linked insurance plans (ULIPs) are long-term investment options that provide you financial protection and an opportunity to generate market-linked returns. A part of your premium is directed towards offering you insurance and meeting administration expenses while the rest of it is invested into a fund.

Each ULIP offers several investment funds, having a different risk and return profile. This is because every fund comes with a different specified limit on the amount of debt and equity that it can take an exposure to. You further have the freedom to switch from one fund to another during the policy term. Due to these features, you can fulfill various financial goals through a ULIP.

ULIPs allow you to:

Protect your child’s future: With growing cost of living and expenses, a financial goal coming up for fulfillment tomorrow will cost you much more than today. That is why, you need to invest in such a manner that the returns not only counter inflation but also cover rising costs. With the investment in equity markets, unit linked child plans give you the opportunity to earn market-linked returns and at the same protect your child’s future.

Secure funds for critical milestones: You may require funds at various milestones of your child’s life such as his/her higher education, marriage or business venture. The facility of ‘partial withdrawals’ on offer gives you access to your money at critical stages so that you have the right amount of money at the right time to address multiple needs.

Plan for your retirement: Planning for your retirement is one of the most important goals of financial planning. As equities perform well over the long term, ULIPs are an ideal choice that can add value to your retirement portfolio. When you are young and far away from retirement, you can choose an equity oriented fund which invests largely in equities. As you grow old and near your retirement age, you can gradually shift your investments in to more conservative debt funds. At retirement, you have the option of choosing the annuity, either immediate or deferred, as per your requirements.

ULIPs and mutual funds: A comparison

Barring the insurance cover, ULIPs and mutual funds appear similar in structure. Both allow fulfillment of various financial goals. However, a ULIP comes with attractive tax benefits wherein an amount invested (up to a maximum limit of Rs 1.5 lakhs) in a ULIP is not considered part of the taxable income across all plans. A ULIP also offers you the flexibility to choose and alter investment amounts and freedom to switch funds from one fund to another at zero or marginal cost. These few features make them rather attractive.

Thanks to their flexibility, ULIPs are easily adjustable to different stages of life. As such, they come very handy in the process of financial planning.

Kotak e-Term

Download Brochure

Features

  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435

T&C

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Why Buying a Term Insurance is Important for all Parents

Term Insurance Claim Process

How Many Insurances Should I Have?

Is Life Insurance For Millennials Really Needed?

Why You Should Buy Term Insurance under the MWP Act (Married Women’s Property Act)?

1 CR Term Insurance Plan: How to Pick the Best 1 CR Term Plan

Importance of Checking Claim Settlement Ratio before Buying Life Insurance

Is Life Insurance an Investment?

Process of Filing A Claim For Life Insurance

Beware of Phishing & Fraud Insurance Calls

What is an Endowment Plan?

Kotak Life Claim Settlement Ratio

Compare Different Life Insurance Products Offered By Kotak Life

Health Insurance VS Life Insurance

Term Insurance for Home Loan: How Term Plan Helps in Paying Off Home Loan?

10 Most Frequently Asked Questions - FAQs on Term Insurance

What Is Financial Planning?

Life Insurance Nominees: 5 Must-Know Facts for Beneficiaries

When Should You Review Term Life Insurance of Yours?

How to Choose Life Insurance for All Ages?

Top 5 Common Life Insurance Myths and Facts

9 Most Important Things You Must Learn About Paying Life Insurance Premium

All about IRDAI

Think About Life Insurance Sooner than Later

What is Underinsurance & The Dangers of Being Underinsured

Comparing low premium term insurance Is Not the Only Factor While Buying Life Insurance

Term Life Insurance vs Accidental Death Insurance

A Step-by-Step Guide: How To Make An Investment Plan?

Does Life Insurance Policy Cover Covid Death?

All You Need to Know About Life Insurance - Its Benefits, Features, and Types of Life Insurance

How Do Term Insurance Plans Differ for Smokers?

Why Online Term Insurance Plans Cheap?

Types of Life Insurance Or One Investment, Many Options

Loan Against Life Insurance Policy

Best Insurance Plans in India

वरिष्ठ नागरिकों के लिए ऑनलाइन टर्म इंश्योरेंस प्लान खरीदने के लिए गाइड

5 Things to Consider Before You Buy Life Insurance

In India, should NRIs purchase life insurance?

Life Insurance Policy Closure

What Is The Life Insurance Penetration In India And How Does It Compare Globally?

How to Make Death Claims on Life Insurance?

Why Life Insurance Is Always a Smart Decision

What is Sum Assured in Endowment Policy?

How to Select a Perfect Life Insurance Policy in India to Protect Your Future?

Term Insurance Vs Life insurance: Small Details, Big Differences

Life Insurance Beneficiary

What is the Current Trend in Term Insurance?

Why Term Insurance for Women is Important?

How to Buy a Term Life Insurance Online

Health Insurance VS Life Insurance

Digital Life Certificate for Pensioners Seeking Pension

Term Life Insurance Vs Money Back Life Insurance

Why is Medical Test Important While Buying a Term Insurance?

Benefits of Buying Term Insurance Plan for Senior Citizens in India

When are Millennials required to take out a life insurance policy?

What Should One Expect During the Medical Evaluation for Life Insurance?

Why You Should Never Cancel Life Insurance Policy

Choosing Between Short-Term & Long-Term Insurance Plans

Benefits of Term Insurance with Critical Illness Rider

Customer Awareness on Information Security

Is it Worth Buying Disability Rider on Term Insurance?

What are robo-advisors in insurance?

6 Different Types of Insurance Policies

Life Insurance for Overweight Applicants

How Often You Must Review Your Life Insurance Policy?

5 Reasons Why a Women Should Buy a Life Insurance

Staying Insured While Investing

Do Your Financial Planning with Life Insurance!

Are Deaths Due To Coronavirus Covered by Kotak E-Term Plan?

6 Things You May Not Know about Life Insurance

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

A Term Insurance Guide for Disabled People

What is Minimum Life Insurance Policy?

Difference Between Insurance and Assurance?

How to Choose the Right Life Insurance Policy for Your Age?

Life Insurance Plans for Women

What is Human Life value and a Human Life Value Calculator?

How to Calculate Human Life Value(HLV)?

5 Smart Steps to keep in mind while buying term policies

All About Life Insurance and How It Works?

Important Terminologies of Life Insurance

What are the Benefits of Endowment Policy?

What is the Difference Between Insurance and Reinsurance?

How Does Life Insurance Work?

What is the Difference Between Limited and Regular Pay Insurance Plan?

Sabse Pehle Life Insurance

क्या जीवन बीमा एक निवेश है?

Can a Term Plan be the Substitute for a Retirement Plan?

What is Insurance Coverage? Overview, Types, and Examples

Why Your Family Should Know About Your Life Insurance Policy?

Can NRI Buy Life Insurance in India?

Terms and Conditions of Term Insurance Plans

How Much Life Insurance Do You Need?

Take 100% Responsibility of Your Family with Term Life Insurance

Voluntary Life Insurance Policy Vs Group Life Insurance

Unit-Linked Life Insurance (ULIPs) vs. Term Insurance

How to Choose a Life Insurance Policy

What Is the Procedure to choose a nomination in life insurance policy?

How do life insurance payouts work?

Life Insurance with Money Back vs Without Money Back

जीवन बीमा क्या है?

Why do most Indians choose the wrong way to buy life insurance?

Savings cum Protection Plans Secures Your Family from Unforeseen Events

7 Superficial Reasons People Avoid Buying Insurance Online

All About Backdating in Life Insurance

How to Find the Best Term Insurance Plan in Seven Steps

How to Customize Your Life Insurance Policy with Riders

Insurance Vs Investment - A Guide to Your Financial Goals

What Is Staggered Payment Option Under Term Insurance Policy?

Is Voluntary Life Insurance the Same as Basic Life Insurance?

What is Group Insurance?

Life Insurance for Overweight Applicants

5 Ways to ensure faster settlement of claims

Various Term Insurance Premium Payment Options Available in India

Different Kind of Deaths that are Not Covered in a Term Insurance Plan

What Is a Whole Life Insurance Plan?

FAQs on Life Insurance

Life Insurance Vs. Mutual Funds Investment

How Much Life Insurance Costs and How Much Insurance Cover You Need?

Difference Between Money Back and Endowment Policy

5 Reasons Why You Need Life Insurance in College

What Happens If I Stop Paying My Life Insurance Premium?

Guidelines for Linking Aadhar and PAN to Insurance Policies

भारत में सर्वश्रेष्ठ टर्म प्लान कैसे चुनें?

Can You Transfer Life Insurance Policies to Another Company in India?

What Should One Consider Buying: Term Insurance or Traditional Life Insurance

Difference Between ULIP and Endowment Plan?

How to Use Different Types of Life Insurance for Retirement Planning?

Details Required To Be Filled In A Life Insurance Form

Is It Advisable To Have Multiple Life Insurance Policies?

Life Insurance vs Mutual Funds

What Is Social Impact Investing and How Does It Benefit Society?

Life Insurance and Millennials

Should You Buy Life Insurance After Getting Married?

All about Your Rights and Duties While Buying Life Insurance Policy

“Life” Insurance or “Death” Insurance?

How Much Life Insurance Cover Do I Need?

Different Types of Insurance Policies in India

What happens to joint life insurance after divorce?

Why do I Need Life Insurance?

Adding A Child to Your Life Insurance Policy?

Role of Life Insurance in Your Financial Portfolio

Term Plan with Return of Premium (TROP)

Insurance Changes You Need to Make Post Marriage

Reasons Why Term Insurance Claims Get Rejected

NRI Premium Payment Options

Why Renewal of Term Insurance Plan is Important

5 Easy Steps to Buying A Policy

जीवन बीमा पर ऋण

Biggest Life Insurance Myths

First Job? Here’s Some Tips on How to Manage Finances

Can An Individual Buy Multiple Term Insurance Plans?

Why One Must Buy Term Insurance before 25 Years

How To Choose The Right Life Insurance

5 Things to Keep in Mind While Buying Life Insurance Policy

Everything You Must Know About ULIP Riders

5 Benefits of Gifting Life Insurance Cover to Your Spouse

What Is Investment Insurance?

Different Types Of Life Insurance In India

How to Revive the Lapsed Life Insurance Policy?

Life Insurance for Millennials

5 Common Life Insurance FAQs and Answers

Choose the Nominee of a Term Life Insurance Plan Wisely

Does Life Insurance Cover Terminal Illness?

भारत में जीवन बीमा पॉलिसियों के प्रकार

Role of IRDAI in the Insurance Sector

What is Life Insurance?

Life Insurance and Retirement Planning

What is a Single Premium Term Plan and its Tax Benefit?

Most Common Life Insurance Riders to Enhance Your Existing Policy

How to Buy a Life Insurance Plan?

Can You Apply For A Life Insurance After Getting Heart Attack? Here is Everything You Need To Know

Why Do Life Insurance Agents Avoid Selling Term Plans?

What Is Insurance Rider and It’s Benefits?

Choosing a Life Insurance Beneficiary

Types of Insurance You Must Invest in for Secure Future

All about Life Insurance Calculators

Who Is A Nominee In A Life Insurance Plan?

Important Features of a Term Insurance Plan

Difference Between Term Insurance and Endowment Plan

Important Factors to Consider While Choosing the Right Term Period for Your Term Insurance Plan

Is it Possible to Reduce Life Insurance Premium without Affecting Sum Assured?

5 Advantages of Life Insurance Going Digital

Types of Life Insurance Policies in India

Is it Possible to Make Changes in a Term Plan’s Specification Post Purchase?

Do Life Insurance Premiums Increase Every Year?

Term Insurance Tips for NRIs in India

Does Family History Affects your Term Life Insurance Rates?

Important Life Insurance Terms You Must Know

Key Things to Review in Your Life Insurance Policy Document

Guide for Buying Online Term Insurance Plans for Senior Citizens

What Is Surrender Value (Cash Surrender Value) in Insurance and how is it calculated?

Always keep your Nominee informed

Is It Time to Review Life Insurance Policy of Yours?

Nominee in insurance - A Complete Guide on nomination in insurance

Does Life Insurance Pay for Suicidal Death?