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ULIP Performance - Why Monitor Your ULIP Regularly

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 the ULIP fund performance at regular intervals depending on the tenure of  investment and align your funds selection accordingly.

Investment plans also act as tax-planning tools, as many avenues help reduce tax liability. There are different types of investment plans, and by choosing the right one, you can invest according to your needs and grow your savings.Read Less

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Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Reviewed ByRituraj Singh
AboutRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 7th July 2024
Modified on: 7th July 2024
Reading Time: 15 Mins
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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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~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

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.

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*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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%%Above illustration is for Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V03) considering Male aged 25 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,238. 2nd Year onwards premium is Rs. 6,659. Total Premium Paid is Rs. 1,99,349 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly installments (Lumpsum Payout Percentage : 45, Income Payout Percentage : 55) | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. This is inclusive of all the discounts mentioned above.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

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Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN No.: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Bajaj Allianz Life Goal Assure II - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02)

**Return of Mortality Charges at Maturity (ROMC) is payable at maturity, provided all due premiums have been paid

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116


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