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The thali has everything in proportion

ULIP, An investment thali brimming with options

ULIP Returns and Tax Benefits For Your Investment Portfolio

Like the many dishes in a thali, understand the importance of ULIP in your portfolio


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December 01, 2017

By : Bajaj Allianz Life

A food-crazed nation like India has a number of dishes originating in diverse cultures. Foodies like to get their knowledge about the food before sinking their teeth in. Likewise, investors should draw this inquisitive trait of foodies when it comes to evaluating their investment decisions.

What goes in the thali?

Consider the thali – a popular dish, or rather a series of dishes. It is not uncommon to find a thali that bears the signature of a region or culture. So, we have the Gujarati thali, Maharashtra thali, and Rajasthani thali, among others.

Typically, a thali includes rice, dal, vegetables, curd, chapati, with a little chutney/pickle thrown in. At the end there is dessert which serves as a sweet reminder for another go in the future. The thali has everything in proportion. It’s as if the chef took pains to understand the needs of both the health as well as the palate.

There are greens, pulses, milk (curd or lassi), and a chutney/pickle to spice things up a bit. The dessert at the end sweetens the deal further. You would be hard put, to find a better-rounded dish than the Indian thali.

Investments that satiate a different hunger

A wise investor can take a lot from the thali, apart from the food. The construct of the thali, the number of items, the balance across the ingredients with an eye on health as well as the taste buds.

A prudent investor looks for the same well-rounded edges in his investment.He wants his money to take him as far ahead as possible.Simply put, he wants his investment to achieve multiple goals at the same time – think one thali, many dishes.

ULIP – An investment thali brimming with options

ULIP offers individuals the opportunity to select a product in harmony with their risk profile and investment objectives. Thanks to the large number of plans/options, the individual can buy a ULIP that represents his profile and is like a signature of the individual.

For instance, an investor with a high risk appetite can opt for ULIPs offering a fund with high equity component. The moderate risk-taking investor will eye the balanced fund, since it has equity and debt in roughly the same measure and sits well with his profile.

Here some benefits of investing in a ULIP plan –

  • ULIPs offer the opportunity to create wealth through investments in capital markets(equities and debt)
  • They offer a life insurance cover
  • They offer diverse fund options targeting different investor segments in the same plan
  • There are several portfolio strategies allowing an investor to pick an investing style that best suits them
  • Higher premium allocation (as mandated by the insurance regulator) which means a larger portion of your premium is invested in ULIP funds
  • You have the option to decrease the Sum Assured
  • You can avail unlimited fund switches in ULIPs
  • Those pressed for time can buy ULIPs online easily
  • Rating from a credible agency
  • Tax benefits under Section 80C and 10(10D)
  • Option to add protection through add-on rider options

These are the salient features of ULIPs in general. Not all ULIPs offer identical benefits. So, like the discerning foodie, look at the ULIPs on your plate carefully and select the ULIP that is best suited to your needs. For instance, select a ULIP that offers:

  • Maximum number of options/plans
  • Maximum premium allocation (low cost)
  • Maximum number of free switches (with online options)
  • Flexibility to invest online
  • A consistent track record over bull & bear market phases
  • Funds rating by credible agencies

One product, many life goals

ULIPs offer you the chance to achieve life goals like funding your child’s education, paying for their destination wedding, travelling the world, buying your dream house or retiring early to pursue your hobbies.

All you need to do is study the ULIP landscape carefully, like the foodie studying his thali, and select the best ULIP plan that suits your risk profile and needs.

Bajaj Allianz Future Gain, a unit-linked endowment plan, provides for maximum premium allocation to make sure your money is fully utilized towards your dream future. It has 2 portfolio investment strategies and 7 fund options, allowing for all the flexibility an individual needs in planning his finances.Several of the Company’s funds have been rated 5-star from Morning Star, an Independent Rating Agency.

Read more to understand why should I invest in ULIP.

Disclaimer:

References in the article to characters are only for representation purposes and we are not responsible for any misrepresentation/misuse of the same.Opinions in the article are made without mala fide intention.

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~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.