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Protection Led Investment Plans

Protection Led Investment insurance plans are exclusive solution tailored for all individuals which provides protection of a term plan and growth potential of a ULIP. This plan grows your wealth through market linked returns along with providing ample protection to your loved ones with High Life Insurance cover.

There are two components to Protection Led Investment Plans:

The insurance component: This part of the premium goes towards providing life insurance coverage. If you pass away during the term of the policy, your beneficiaries will receive a death benefit.Read More

The investment component: This part of the premium is invested in your chosen asset classes. The performance of these investments will determine how much money you have accumulated at the end of the policy term.

The amount of money that goes towards each component will depend on the terms of your policy. You can usually choose how much of your premium payment you want to allocate to the insurance component and how much you want to allocate to the investment component.Read Less

FEATURES

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    • Dual Benefits: Offer both life insurance coverage and investment components. A part of the premium paid is allocated towards life insurance coverage, while the remaining amount is invested in various funds such as equity, debt, or a combination of both. This provides the policyholder with the dual benefit of insurance coverage and wealth creation.
    • Tax Benefits: The premium paid towards ULIPs is eligible for a tax deduction (up to Rs 1,50,000) under Section 80C of the Income Tax Act. Additionally, the maturity or death benefit received under the policy is tax-free under Section 10(10D) of the Income Tax Act. Please consult your TAX consultant for more details.
    • Fund Options: Investors can decide premium allocation based on investment portfolio, risk appetite and future financial goals.

Tulip Insurance Plans

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Eligibility

Age: 18 – 60 Years

Income: >= 5 Lakhs

Occupation: Salaried | Self Employed | Professional

Plan Specific Criteria: Depending on the type of plan, there may be additional eligibility criteria specific to the plan.

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FREQUENTLY ASKED QUESTIONS

Why Protection Led Investment Plan?

Protection Led Investment Plan addresses your long-term savings needs and provides you protection in the form of a life cover.

How is this plan different from traditional ULIP plan?

A ULIP plan offers protection upto 10 times of the annualised premium. Protection Led Investment Plan (TULIP) provides the opportunity to offer higher protection (depends on the plan chosen) along with the wealth creation through market linked returns

 

Are all individual eligible for this plan?

Yes, all individuals with minimum Age 18 & Annual Income of Rs. 5,00,000 are eligible for this plan.

Can I decrease the policy term and the premium payment term after the policy has been issued?

No, you cannot reduce the Policy Term and the premium payment term.

What is Guaranteed/Loyalty Additions?

It enhance the amount you receive at the time of maturity. It may be considered as an incentive for paying your premiums regularly throughout the policy term and staying invested till the end of the policy. 

Are Loans available with this plans?

No, policy loans are not available with this plan.

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