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What is ULIP (Unit Linked Insurance Plan)?
Dual Purpose
Get insurance and investment in one convenient package
Flexibility
Choose your own policy term, funds, and investment style
Fund Switching
Switch between different funds to realign your investment strategy
Riders
Enhance the coverage of your insurance with add-on benefits
Higher Returns
Expect to get potentially higher returns with market-linked funds
Tax Benefits*
Get tax benefits* on premiums, partial withdrawals and even death benefit
How to Choose the Best ULIP Plan?
| Comparison Criteria | What to Check |
|---|---|
| Financial Objectives
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Match the ULIP’s long-term potential with your goals (retirement, child’s future). |
| Risk Appetite
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Choose equity (high risk), debt (low risk), or balanced funds accordingly |
| Fund Options
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Look for a range of funds (equity, debt, hybrid) for portfolio diversification. |
| Charges & Fees
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Compare fund management, premium allocation, and administration charges. |
| Lock-in Period
|
Ensure you’re comfortable with the 5-year lock-in and your liquidity needs. |
| Fund Performance
|
Review past performance of available funds to assess consistency in returns. |
| Tax Benefits
|
Verify Section 80C and 10(10D)* benefits for tax savings. |
| Policy Transparency
|
Read policy documents to understand terms, benefits, and exclusions. |
Best ULIP Plans in India 2026 by ABCD
ABSLI Wealth Smart Plus
● Zero allocation and admin charges
● 5 investment strategies & 19 fund choices
Give: ₹5 lakhs/year for 5 years
Get: ₹74.94 lakhs @8% or ₹35.94 lakhs @4% at maturity²
ABSLI Salaried Suraksha ULIP
● 2X return of PAC & Mortality charges
● Tax benefits for salaried individuals
Give: ₹2 lakhs/year for 6 years
Get: ₹29.61 lakhs @8% or ₹14.20 lakhs @4% at maturity⁹
ABSLI Fortune Wealth Plan
● Guaranteed additions via extra units
● 5 investment options & 18 funds
Give: ₹1 lakh/year for 10 years
Get: ₹25.08 lakhs @8% or ₹13.67 lakhs @4% on maturity⁸
ABSLI Platinum Gain Plan
● 3 premium band choices
● 5 investment strategies & 18 funds
Give: ₹2 lakhs/year for 10 years
Get: ₹55.05 lakhs @8% or ₹30.63 lakhs @4% at maturity⁷
ABSLI Wealth Aspire Plan
● Guaranteed# additions & top-up flexibility
● Partial withdrawal allowed
Give: ₹40,000/year for 5 years
Get: ₹2,85,403² on maturity
ABSLI Wealth Secure Plan
● 3 investment options
● Guaranteed# additions & surrender benefits
Give: ₹1,50,000 (single pay)
Get: ₹94,95,186¹ on maturity
ABSLI Wealth Max Plan
● Guaranteed# additions
● 16 self-managed fund options
Give: ₹10 lakhs (single premium)
Get: ₹30.83 lakhs⁷ at maturity
ABSLI Wealth Infinia
● Legacy planning with systematic withdrawals
● Loyalty additions & 5 investment strategies
Give: ₹50 lakhs (single premium)
Get: ₹72.31 lakhs⁸ at maturity
Our ULIP At A Glance
ABSLI Wealth Aspire Plan
UIN: 109L100V05
KEY FEATURES 
- Two plan options to choose from
- A choice of four investment strategies
- 18 fund options for a diversified portfolio
Minimum Premium
₹40,000/ Year
Sum Assured
Minimum Rs. 4,00,000
Add Riders for Extra Protection
ABSLI Accidental Death Benefit Rider Plus
Rider sum assured paid to nominee in case of Accidental Death
ABSLI Waiver of Premium Rider
Waiver of future premiums in the event of financial difficulties
Steps to Buy ULIP Plan Online
Starting your ULIP investment with ABCD is quick, paperless, and fully digital. Just follow these five easy steps to begin your journey towards long-term wealth creation.
Visit the ULIP Section
Go to the ULIP plans section on the ABCD website or open the ABCD app on your phone.
Compare and Choose a Plan
Browse different plans and compare them based on fund options, charges, features, and return potential.
Use the ULIP Calculator
Estimate your future returns by entering your premium amount, policy term, and investment strategy into the ULIP calculator.
Fill in Details and Upload Documents
Enter basic personal information, select sum assured and tenure, then upload KYC documents for verification.
Make Payment and Get Instant Policy
Complete the online payment securely. Your ULIP policy will be issued instantly with 24x7 access to fund performance, switches, and policy details through the ABCD app.
Things to Know Before Investing in a ULIP Plan
Lock-in Period
Market Risks
Charges Involved
Fund Switching Option
Long-Term Investment Horizon
Check Your Eligibility
Eligibility
- Age 1 month to 55 years.
- Citizenship Indian citizen residing in India at the time of purchase.
- Income Varied criteria depending upon plan.
- Medical tests Underwriting of genuine medical history.
- Job profile The level of occupational risk needs to be assessed.
- Smoking habits Affect your premium
Documents Needed
- Proposal form
- Age proof
- Photo identity proof
- Address proof
- Medical report
- Income proof
- PAN/ Aadhaar card
Get Insured In for Ulip Plans 5 Easy Steps
Pick a plan that fits your needs
Share the required personal details
Select sum assured, riders, payment cycle, etc.
Go through the coverage and exclusions
Complete payment and submit documents
Customer Satisfaction Stories
Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.
Aditya Birla Sun Life Insurance Customer
Haryana, India
Aditya Birla Sun Life Insurance Customer
Entire surrender process was quite smooth with timely documentation and payout. Great experience!
Aditya Birla Sun Life Insurance Customer
Gujarat, India
Aditya Birla Sun Life Insurance Customer
ABCD - One app for
Secure yourself and your loved ones financially with life insurance. Buy online through the ABCD app and get instant coverage.
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Range of insurance policies to choose from -
Online premium payments
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Few clicks to buy the plan
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Understanding ULIP
What is a ULIP?
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- ULIP stands for "Unit Linked Insurance Plan." It is a unique financial product that combines both insurance and investment components in a single plan. It’s best for people who want to secure their family’s future but also want to grow wealth with time.
- Insurance: A portion of your premiums in ULIP goes towards providing life cover which means it offers all the benefits of a regular life insurance plan such as financial security for the family, legacy planning, tax benefits* etc.
- Investment: The remaining portion of the premium is invested into various funds such as equity, debt or a combination of the two based on your risk appetite. You have complete control over where you want to invest and you can even switch funds later if you want to.
- Wealth creation: Since ULIP investments are mostly market-linked, they have the possibility of performing better than other life insurance products in terms of wealth creation. But it should be noted that it also comes with market-related risks and thus, you should invest based on your goals and risk appetite.
Who should invest in a ULIP?
ULIPs are not a one-size-fits-all product. They’re designed for individuals with specific financial goals, investment discipline, and a long-term mindset. Their flexibility in fund choices and premium redirection further enhances suitability across different life stages and income groups. Here's who can benefit the most from investing in ULIPs:
Salaried professionals
ULIPs are ideal for salaried individuals who seek tax benefits and want to build a retirement or emergency corpus.
High-net-worth individuals (HNIs
HNIs can use ULIPs for diversified, tax-efficient wealth building over time, especially due to fund switching and market-linked returns.
Parents
Parents can plan long-term educational goals or a financial cushion for their children through disciplined ULIP investments.
First-time investors
Those new to financial products can benefit from the dual advantage of insurance and investment with controlled risk.
Factors to consider before investing in a ULIP
Before choosing a ULIP insurance plan, it’s essential to do a thorough evaluation of your financial goals, risk profile, and investment horizon. Here's a detailed breakdown of the main factors you should consider before investing in a ULIP:
Investment horizon
ULIPs are best suited for long-term financial goals spanning 10–15 years to truly benefit from compounding and market growth.
Risk tolerance
Your comfort with equity or debt investments will determine the right fund mix—choose based on your ability to handle volatility.
Life goals
Align your ULIP investment with specific goals like retirement planning, buying a house, or funding your child’s higher education.
Charges and fees
Evaluate premium allocation charges, fund management fees, mortality charges, and administrative fees that impact net returns.
Fund performance and flexibility
Check the past performance of available funds and assess if the ULIP allows sufficient flexibility to switch or redirect investments.
What are the key benefits of ULIP?
Whether you aim to save for retirement, plan your child’s future, or build long-term wealth, ULIPs provide the flexibility and control required to reach those goals efficiently. Here's a breakdown of ULIP plan benefits:
Tax-efficient investment
Get tax deductions up to ₹1.5 lakh under Section 80C and tax-free maturity under Section 10(10D), subject to prevailing conditions.
Wealth creation potential
Invest in equity, debt, or hybrid funds to grow your money over time based on your risk profile and market trends.
Built-in life cover
ULIPs offer life insurance coverage to ensure your family's financial safety in your absence.
Flexible premium and investment control
You can choose your premium amount, fund allocation, and switch between funds based on your goals.
Liquidity after lock-in
Partial withdrawals are allowed after the 5-year lock-in, offering flexibility for urgent financial needs.
Are there risks involved in investing in a ULIP?
Yes, ULIP investments carry certain risks as they are market-linked instruments. Your investment returns in ULIPs will largely depend on the performance of the funds chosen, be it equity, debt, or balanced options. Here are some of the key risks involved—and how you can mitigate them:
Market volatility
Fund value may fluctuate with market movements, especially if you invest in high-risk equity funds.
Non-guaranteed returns
Unlike PPFs or FDs, ULIPs don’t guarantee returns. Growth depends entirely on how well the underlying assets perform.
Limited early liquidity
A mandatory 5-year lock-in means no partial withdrawals or fund access in the short term.
Mitigation strategies
Invest in balanced or debt funds for stability, review fund performance regularly, and avoid exiting early for better outcomes.
What are the tax benefits* of ULIP?
One of the key attractions of ULIP plans is their tax efficiency. ULIPs offer tax benefits both at the time of investment and at maturity—making them one of the few financial instruments that provide an Exempt-Exempt-Exempt (EEE) benefit. Here’s how you benefit:
Tax deduction under Section 80C
You can claim a deduction of up to ₹1.5 lakh on your annual premium paid towards the ULIP plan.
Tax-free maturity benefit under Section 10(10D)
Subject to conditions, the final payout you receive on maturity is completely tax-exempt.
Long-term tax savings
By investing consistently over the long term, you not only save taxes annually but also grow your wealth without future tax liabilities.
Example
Investing ₹1 lakh annually for 10 years can reduce your taxable income each year and the maturity corpus will be tax-free if conditions are met.
What makes a ULIP so flexible?
Flexibility is one of the biggest strengths of a ULIP policy. It allows policyholders to actively manage their investment based on evolving financial goals, market movements, or life events. Let’s look at how ULIPs offer flexibility:
Fund switching
You can switch between equity, debt, or hybrid funds based on market conditions or your financial goals—often without additional charges.
Premium redirection
You can redirect future premium payments into different funds without changing your existing investment or policy structure.
Partial withdrawals
After the 5-year lock-in period, you can withdraw money for emergencies or important life events without disrupting your entire plan.
What are the different types of ULIPs?
ULIPs are versatile products with multiple variations that can suit different investors. Broadly, they can be categorised based on the type of death benefit and the type of investment fund. Here are the major ULIP categories:
Type I ULIPs
Pay either the fund value or sum assured, whichever is higher to the nominee in case of policyholder’s death.
Type II ULIPs
Pay both the fund value and sum assured to the nominee, making it more beneficial in terms of death benefits.
Fund types
Equity funds
Suitable for aggressive investors seeking high returns.
Liquid Funds ULIPs
It invests in low-risk, easily redeemable assets.
Debt funds
Ideal for conservative investors focused on capital preservation.
Balanced funds
Offer a mix of equity and debt for moderate risk and stable growth.
How to calculate returns with a ULIP Calculator?
A ULIP calculator is a useful tool that helps you estimate your potential returns before investing in a ULIP plan. Here's how you can use it effectively:
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Enter Your Annual Premium
Start by entering the ULIP premium amount you plan to invest annually. This premium will be split between investment and life cover.
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Choose Your Expected Rate of Return
Select an estimated rate of return based on your preferred fund type—equity, debt, or balanced. Equity funds may offer higher returns but carry more risk, while debt funds are more stable.
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Select Policy Tenure and Life Cover
Next, choose how long you wish to stay invested and the life insurance cover you want under the ULIP.
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View the Maturity Value and IRR
The calculator will display the projected maturity value of your ULIP and the internal rate of return (IRR).
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Compare Plans and Make Informed Decisions
You can now compare different ULIP plans to choose one that aligns with your financial goals and risk appetite.
Solutions-Oriented Children Fund
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Targeted maturity for funds
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Hybrid portfolio diversifies risk
Health and Wellness Plans
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Variety of plans available
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Complete coverage for protection
Our Other Insurance Plans
ABC Of Life Insurance
Aditya Birla Capital offers IRDAI-approved ULIP plans. Features, returns, and tax benefits vary by policy. This content is educational, not financial advice. Read policy documents carefully. Tax benefits under Sections 80C and 10(10D) depend on prevailing laws; consult a tax advisor. ABCD is not liable for decisions based on this information. Visit https://www.adityabirlacapital.com/ for details.