Kotak Life
Close

Buy a Life Insurance Plan in a few clicks

Close

Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

Is This The Right Time To Invest In ULIP? Why or Why Not?

 Is This The Right Time To Invest In ULIP? Why or Why Not?
  • 29th Apr 2022 |
  • 2,743

ULIPs are one of the most popular financial products and many people have been investing in this due to ITS many advantages. The need to profit from high returns and tax advantages is intrinsically tied to the requirement to invest in financial products. The ULIP plans benefits are many, ranging from ULIP plan returns to the taxability of ULIP, and so on. Despite the fact that these characteristics alone do not ensure the best performing ULIPs, many other factors are at play, that makes ULIPs a good investment. So, if you’re wondering why you should invest in ULIP now, we’ve got you covered with a few answers to that question right here in this article.

What Is ULIP Plan In Insurance?

A Unit Linked Insurance Plan, or ULIP, is a financial product that integrates investment with life insurance cover. The remaining half of the money is invested in a systematic manner with a percentage going to life insurance. Like mutual funds, this transaction is made up of a variety of qualified investments, including stocks, bonds, debt, and equities. The effectiveness of the fund you pick has an impact on your investing outcomes.

Invest In A ULIP Policy Now

Why should you invest in ULIP now? Well, Unit Linked Insurance Plans are designed to help you withstand volatility in the market, so you may invest in them or switch your funds depending on when the markets are soaring or crashing. The sooner you begin, the better, since you will be able to take advantage of ULIP plan returns owing to the compounding potential. Compounding is the process of continually reinvesting your earnings in order to expand your wealth and is a part of ULIP plan benefits. You will be in a good situation to reap the rewards if you invest over a longer period of time.

  • When you have a stable income, it makes for an excellent time to invest in ULIPs and work towards your financial objectives. You may also change your premium distribution on a yearly basis, so you don’t have to invest the very same amount every year. You can also pick from a range of funds with varied equity holdings based on your risk level. Under Section 80C of the Income Tax Act of 1961, the taxability of ULIP premiums is also exempted.
  • Every individual must have a clear understanding of their financial objectives. It aids in the better planning of your assets. It’s best to invest in ULIPs when you have a clear picture of your financial objectives early on in life since it provides dual benefits of investment and insurance.

Since ULIPs long term investments, you should start as early as possible and continue investing for the best performing ULIP. Since ULIPs have a five-year lock-in term, they motivate you to be more focused and disciplined in your investing approach as well.

Whether you want to build a substantial asset portfolio or expand your wealth, ULIP does an incredible job of killing two birds with one stone. It enables you to live a comfortable life with your significant other, develop a financial cushion for your children’s bright future, and have an emergency fund over time.

Kotak e-Term Plan

Features

  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Can Senior Citizens Avail Term Insurance?

Why Should You Add a Rider to a Term Insurance Plan?

Planning For Son or Daughter's Wedding

4 Reasons Why You Need Critical Illness Cover

Gift Your Father A Term Insurance Plan This Father's Day

Why should single women purchase term life insurance?

Why is it important to buy term insurance plan?

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Tips to Choose the Right Term Period for Term Insurance Plan

Should You Have Multiple Term Life Insurance Policies?

How Much Cover Should I Take In A Term Plan?

What is Critical Illness Policy

8 Benefits of Term Insurance You Should Know

Insurance Policy for Housewife In India

Why Buy Term Insurance Even at Rising Rates?

Is Life Insurance Investment Worthy Enough

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Term Plan with Spouse Cover

9 Ways to Help Family Members in Financial Trouble

What Types of Deaths Are Covered in a Term Insurance Plan?

Why 1 Cr Term Plan Is Necessary For Family?

Term Insurance: Smokers vs Non-Smokers

What Happens if you Hide Facts in your Term Insurance?

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Top 3 Reasons Why You Should Buy A Term Plan Now

Term Insurance Plans and Policies for Smokers

What is Term Insurance - A Complete Guide

Term Plans are Definitely Cheaper than You Think!

Importance of Term Insurance at Every Stage of Your Life

Can I Make Changes to My Term Insurance Policy Post Purchase?

How to Surrender Term Life Insurance When you have No Liabilities

Comparing Term Plans – What Should You Look Out For

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Term Insurance Calculator - Everythng You Need To Know

Why does every working woman need life insurance?

How to Ensure That Your Term Insurance Claims Are Never Rejected?

Term Insurance With Riders In India

Why Term Insurance Is Better Than ULIP?

4 Methods to Calculate How Much Term Insurance You Need

Can You Increase Your Term Insurance Cover?

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Why Should New Parents Buy Term Life Insurance?

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

While Buying Term Insurance Compare Features, Not Just Premiums

What are the Documents Required for Term Insurance Plan?

Advantages of Buying Term Insurance in Your 50s

How to Compare Term Insurance Online

Can I Buy Term Insurance for a COVID-19 Patient?

What is Insurance Premium - A Detailed Guide

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Busting Myths and Facts About Term Insurance Policies

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Is Group Term Life Insurance Provided By Employer Sufficient?

Is It Good To Buy A Term Insurance Plan In 2022?

Do You Need Term Insurance Cover After Retirement?

Why Term Plan Should Be The First Step To Securing Your Future?

How Does Term Life Insurance Work? Learn the Benefits

Tax Benefits of Term Insurance in India

Increasing Term Insurance and Riders

6 Types of Death not covered in Term Insurance Plan

Endowment Plans vs Term Plans: Understanding the difference

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

How To Calculate The Amount Of Term Life Insurance You Need?

How To Choose the Right Sum Assured Under a Term Plan?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Does Term Insurance Cover Accidental Death?

Is ₹1 Crore Term Insurance Good Enough Cover?

Best Investment Plans for Children - Secure Your Child's Future

How To Choose the Right Term Insurance Plan?

Can I Get Term Insurance on Behalf of My Spouse?

4 Things To Expect From Your Term Insurance Plan in India

Can I Extend the Tenure of My Term Insurance Plan?

What Should You opt for - Limited or Premium Pay?

Know How to Invest at Every Age for Larger Returns

Why Should You Not Take A Term Plan Without Medical Test in India?

What All Documents Required For Term Insurance In India?

Why Term Insurance Is Important in times of COVID-19?

Insuring Protection Against Death With Death Insurance Rider

Cost of Term Insurance Likely to Increase Soon

Everything About Claim Settlement Ratio for Term Insurance

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Is term Insurance Needed for People With No Dependents?

Which Death Type Does Your Term Plan Not Cover?

Can Term Insurance Plans Be Purchased As A Gift?

What are incremental term insurance plans?

Insuring Against Disability With Disability Insurance Rider

What Is the Correct Age to Buy Term Insurance?

All you need to Know about Term Insurance Plans for Housewives

What Are Insurance Riders and How to Choose Them in a Term Plan?

Insuring yourself against Ill Health with a Critical Illness Rider

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

Is a Term Insurance Policy Portable?

5 Term Insurance Benefits for Single Women

Term Life Insurance Plan for Smokers vs Non-Smokers

Is Term Life Insurance Plan an Investment or Expense?

Do I Need to Give a Medical Test for Term Insurance in India?

Why Buy Term Insurance Plan With a High Cover?

How Much Term Life Insurance Cover Do I Need in India?

What is a short term insurance policy?

Term Insurance Age Limit – Term Plan for All Age Groups

5 Reasons to Buy Term Insurance When You are in Your 30s

5 Things To Consider While Buying Term Insurance Plan

Is There Any Tax Benefit on Term Insurance?

Why Premium Amount for Term Insurance is So Low?

How to Identify Term Insurance According to Your Needs?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

What Are the Best Term Insurance Plans for Planning Retirement?

Protection for your family

Different Types of Premium in Term Insurance

Reasons You Need Term Insurance Plan as a Self-Employed Person

Should You Buy a Term Plan After 40?

How Does A Term Life Insurance Work in India?

Term Insurance – Why You Must Include In Your Financial Planning?

10-Year Term Life Insurance Policy - Explained in Detail

9 Most Frequently Asked Questions on Term Insurance

Choosing Riders for Insurance Plans

8 Factors to consider before choosing a Critical Illness Insurance

Why Married People Should Buy Term Insurance Under MWP Act?

5 Benefits of Early Retirement Planning

Term Insurance with Critical Illness

What Is a Renewable Term Insurance Policy?

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Do Beneficiaries Pay Taxes on Term Insurance?

How To Change The Nominee in Term Insurance?

Make Your Online Term Plan Your Familys Monthly Payout

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Ensure Protection Against Death, Disease & Disability With Life Insurance

Eligibility Criteria for Buying Term Insurance in India

Buying A Term Insurance Plan? Take These Factors into Account

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Steps on How to Buy Term Insurance Online

Difference between Term Insurance and Life Insurance

Make Your Online Term Plan Your Family's Monthly Pay Cheque

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Advantages & Disadvantages of Term Insurance in India

How Much Term Insurance Do I Need

Understanding Term Insurance Riders

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Different Types of Protection Plans

How Not To Get Your Term Insurance Claim Rejected

Why Should You Buy Term Insurance in 2022?

Individual Life Insurance vs. Group Term Life Insurance

Insuring Against Accidents with an Accidental Death Insurance Rider

Planning For Children's Future

Term Insurance Basics You Should Know

What Should Be The Duration Of Your Term Plan in India?

Calculating Term Insurance Premium

All About Term Insurance Inbuilt Coverage

8 Things To Do After Buying Term Insurance

6 Reasons That Make Term Insurance a Must Buy

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Term Vs. Whole Life Insurance: Which One You Should Buy in India?