A Unit Linked Insurance Plan (ULIP) is a special financial product that combines insurance and investments. Best ULIP plans are great for securing your family's financial future and achieving long-term goals such as retirement, buying a home, or paying for your child's education.
You can decide how your money is invested based on your goals and how much risk you're comfortable with. The returns you get depend on how well the funds you've chosen perform. The risk involved in a ULIP varies depending on the type of fund you pick.
Best ULIP plans in India mainly offer life insurance to policyholders, ensuring financial security for their family and dependents. If something happens to you unexpectedly, a ULIP plan ensures your loved ones can still manage financially.
Besides giving life insurance coverage, a ULIP also helps you build wealth for your future financial goals. You can invest in a ULIP to save regularly and withdraw your investments after the lock-in period ends.
Investing in ULIP lets you earn higher returns that beat inflation by investing in the stock market. Generally, ULIPs offer better returns than traditional options like Fixed Deposits or savings accounts.
You can also get tax benefits by investing in ULIP under different sections of the Income Tax Act, 1961.
Best ULIPs in India allows you to add extra money on top of your initial investment, which helps increase your overall return.
You can choose the fund that matches your risk tolerance. You can invest in stocks, bonds, or a mix of both.
Another advantage of investing in the scheme is the option to make partial withdrawals in an emergency.
With a ULIP, you not only secure life insurance coverage but also can invest in a range of funds based on your risk appetite and financial goals. This combination allows you to grow your wealth over the long term while ensuring financial protection for your loved ones in case of unfortunate events.
Best ULIP plans allow you to choose the fund allocation according to your financial goals and risk appetite. The investment returns depend on your chosen fund's Net Asset Value (NAV). The risk in a ULIP depends on the fund type you choose, whether it’s equity, debt, balanced, or liquidity funds. Learn more about the available options here.
Investing in ULIPs lets your money grow faster by investing in stocks. ULIP returns are often better than those from other options like Fixed Deposits or regular savings accounts.
Premiums paid towards ULIPs are eligible for tax deductions under Section 80C of the Income Tax Act, and the maturity proceeds are often tax-exempt under Section 10(10D), providing tax efficiency.
Sometimes, you can take out part of your money and add more to your ULIP plan. There may be charges for taking out money early from your ULIP plan before a certain time.
Best ULIP plans provide transparency in charges and performance, with regular updates on the investment fund's performance, helping policyholders make informed investment decisions.
If your investment needs change or you anticipate market shifts, ULIPs let you adjust where your money is invested. This helps protect your investments from market ups and downs—you can switch to safer options like bonds during economic downturns and switch back to stocks when the market improves.
No matter which funds you pick, the plan's returns linked to the market can help you build savings and achieve long-term financial goals like buying a home, planning for retirement, funding your child’s education, and more.
Optional riders such as critical illness cover, accidental death benefit, or disability benefit can be added to enhance the coverage provided by ULIPs, offering comprehensive financial protection.
Goal-based planning ensures that your investments are purposeful and tailored to meet your specific needs, providing both insurance coverage and investment growth aligned with your life goals.
PNB MetLife provides a variety of wealth plans that meet your investment and insurance needs effectively. PNB MetLife ULIP plan funds have shown strong performance consistently over the past five years. Explore our PNB MetLife ULIP plans to see transparent charges and flexible investment options.
Here are two of what can be considered as PNB MetLife’s best ULIP plans:
After understanding the benefits, you may develop an interest in investing in best ULIP plans. Before that, make sure you know your financial goals, whether it’s for retirement, buying a house, or other reasons.
Secondly, you need to compare different ULIP investments such as sum assured, value per unit, fund composition, etc. Don’t forget to assess the flexibility offered by the ULIP policy, such as the number of free fund switches, so you can choose the best ULIP plans in India that suit your needs.
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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