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ULIP Performance - Why Monitor Your ULIP Regularly

ULIP performance

ULIP Performance - Why Monitor Your ULIP Regularly


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August 30, 2019

By : Bajaj Allianz Life

When it comes to investment, a majority of  people look around to invest in a Unit Linked Insurance Plan (ULIP). However,  there are times when an investor invests in a ULIP Policy where they have to  choose funds based on their risk appetite. Since ULIP is a market-linked  product which keeps changing as per the market volatility, hence to tackle such  volatility wisely, it is necessary to actively monitor theULIP fund performance at regular intervals depending on the tenure of  investment and align your funds selection accordingly.

Monitoring your funds on a timely basis and  switching between funds helps one manage uncertainties and future risks in the  long run. Therefore, go through these few reasons to understand why you need to  monitor your ULIP performance at regular intervals. 

Take a look:

Reasons why you should monitor your ULIP performance on a regular basis:

1. Prevents risks in the long run

Since the investment decision is based upon the selection of particular funds, it is important to choose the funds appropriately. Typically, the investor is asked to pick from fund options like equity funds, debt funds, etc. If a policyholder has an aggressive investment approach, he/she could invest in funds with higher risks.  Whatever fund you decide to go ahead with, see to it that the selection is done based on your risk appetite. You can consult your financial advisor for better understanding.

ULIPs have a mandatory lock in period of 5 years. However, every investment is made with a horizon in mind and to receive the most of your investment, one should always stay invested till maturity.

Equities have generally managed to outperform other asset class in long term, although past performance are not indicative of future returns. So if you are looking for better returns in the long run, you can consider investing in Unit Linked Insurance Plans (ULIP). Further equity oriented ULIPs have the potential to offer higher returns over longer time periods.

3. Obtains long term goals

Since an investment in a ULIP is a long term one, it is easier for the policyholders to achieve their life goals with ease. Whether you’re looking for a new house or planning to get your daughter married, a ULIP Plan can help you fulfill all your long term life goals. Tenure of investment is the key here to accumulate the desired corpus. Therefore, see to it that you monitor the market performance to understand the right time to make an investment.

4. Offers switching Funds

Considering the market status, investor’s risk appetite, and the time horizon, an investment in a ULIP Plan is advisable. When you invest in ULIPs, you can easily switch from one fund to another. Ideally, the investor gets to select from equity funds, debt funds. Before availing the switching options, the investor can check the past performance of these funds in order to take an informed decision.

After making a ULIP investment, monitor the performance of your funds with keen interest. Doing so will eventually help you to get better results which will prove beneficial for you in the long run. Don’t miss out on this step to get your life goals done.

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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.