Unit Linked Insurance plan, popularly referred to as ULIPs, have become immensely popular amongst investors, ever since the Long Term Capital Gains (LTCG) tax was reintroduced in the Union Budget 2018. ULIPs are revolutionary life insurance products that offer the triple benefits of investment, insurance and tax savings.
Over the years, ULIPs have become the preferred investment instrument for investors of all risk appetite. ULIP plans invest a portion of the premium collected towards the insurance component of the policy and the other portion towards the investment component.
These innovative life insurance plans allow investors to choose from a wide range of fund options and invest in the fund of their choice as per their future investment goals, the intended investment period and risk tolerance.
Investing in the right fund option under ULIPs can go a long way in ensuring lucrative returns on investment. But the sheer multiplicity of fund options to choose from under ULIP plans can leave even the most seasoned of investors confused.
If you too have been looking for the best fund options available under ULIP plans, you are in luck today because we are going to pull the curtains are reveal the top 5 ULIP funds that promise lucrative returns on investment in 2018 and beyond.
So let’s dig right in!
|Sr. No.||Insurer||Fund Option||Absolute Return (2017)|
|1||HDFC Standard Life||Balanced Fund Life Super II||21.73%|
|2||Bajaj Allianz Life||Asset Allocation Pension Fund||20.04%|
|3||Kotak Mahindra Life||Balanced Fund||20.41%|
|4||Canara HSBC Life||Balanced Fund||21.75%|
|5||Future Generali Life||Future Dynamic Growth Fund||21.22%|
Balanced Fund Life Super II – HDFC Standard Life
HDFC Standard Life ULIP plans remain the most sought after amongst investors looking for insurance protection cum investment schemes in India. Some of the most popular ULIP plans sold by HDFC Standard Life include:
- HDFC Life capital Shield
- HDFC SL Crest
- HDFC Life Click2Invest Plan
- HDFC Life ProGrowth Plus
Under HDFC ULIP plans, the total fund value is paid out to the policy holder only after the maturity of the ULIP policy. All HDFC Life ULIP plans offer a wide range of fund options to leave investors spoilt for choices.
But the one fund option provided under HDFC Life ULIP Plans that promises lucrative returns in 2018 and beyond is ‘Balanced fund life super II’. This lucrative fund option, available with HDFC Life ULIP plans, promises a higher ROI in a fairly shorter timeframe. In 2017, the absolute return registered by ‘Balanced fund life super II’ was 21.73%.
Asset Allocation Pension Fund – Bajaj Allianz Life
Like HDFC Standard Life, ULIP plans offered by Bajaj Allianz Life too remain utterly popular amongst investment seekers in India. Most ULIP plans from Bajaj Allianz Life Insurance Company have been carefully conceptualized and thoughtfully designed to generate lucrative returns for the investor in a shorter time horizon. Some of the most popular ULIP plans offered by Bajaj Allianz Life Insurance Company include:
- Fortune Gain
- Future Gain
- Retire Rich
- Principal gain
Bajaj Allianz Life ULIP plans offer a wide range of fund options to help investors take their pick depending upon their risk appetite, budget and future investment goals. For those looking to build a decent corpus for their retirement, investing in Bajaj Allianz Retire Rich ULIP plan makes absolute sense. This plan offers a host of different benefits to the policy holders. Some of the stand out features of this plan include generous death benefits and guaranteed vesting. This plan also comes packed with a host of fund options to help investors take the best pick.
Asset allocation Pension Fund is one of the most sought after and popular fund under this ULIP plan. This fund is known to offer very high rate of return on the investment. This fund could prove to be the best bet for those with fairly higher risk appetite.
Investing in Bajaj Allianz Life Asset Alocation Pension fund can help investors ensure a huge corpus for their retirement. In 2017, this fund registered an absolute return of 20.04%.
Balanced Fund – Kotak Mahindra Life
Over the years, ULIP plans from Kotak Mahindra Life Insurance Company have been popular for generating lucrative and generous returns on investment. Like all other ULIP policies available in the market, Kotak Mahindra Life ULIPs also invest a portion of the premium collected in various fund options to help investors generate returns on their investment. Some of the most popular ULIP plans offered by Kotak Mahindra Life Insurance Company are:
- Kotak Single Invest Plus
- Kotak Platinum
- Kotak Invest Maxima
- Kotak Single Invest Advantage
- Kotak Wealth Insurance
- Kotak Ace Investment
Though all the ULIP plans from Kotak Mahindra Life Insurance Company are immensely popular, Kotak Ace Investment is perhaps one of the bestselling plans in the Indian insurance industry. Under this plan, the most sought after and popular fund is ‘balanced fund’.
This fund option ensures that the investor is able to quickly generate high returns on the investment capital. In 2017, the absolute return of Kotak Ace Balanced Funds was registered at 20.41%.
Balanced Fund – Canara HSBC Life
Yet another popular life insurance company that is known for offering the best ULIP plans is Canara HSBC OBC Life Insurance Company. ULIP plans from Canara HSBC OBC Life Insurance Company are known to offer comprehensive insurance coverage and remunerative returns to the investors. Quite naturally, ULIP policies from the company sell like hot cakes. Some of the most popular plans offered by Canara HSBC OBC Life Insurance Company are:
- Invest 4G
- Smart Lifelong Plan
- Dream Smart Plan
- Grow Smart Plan
- Platinum Plus Plan
ULIP plans from Canara HSBC OBC Life Insurance Company come packed with a wide range of fund options to choose from. But the one fund option that stands out amongst the rest is ‘Balanced Fund’.
This fund has been one of the best performing funds for last few years and has consistently been generating high returns for the investors. In 2017, the absolute return generated by this fund was 21.75%.
Future Dynamic Growth Fund – Future Generali Life
Future Generali Life Insurance Company is yet another popular insurer that is widely known for its rewarding ULIP products. Future Generali ULIP plans make for the best wealth building for an average investor looking to realize future investment goals in medium or long term horizon. Some of the best ULIP plans from Future Generali Life Insurance Company are listed below:
- Future Generali Pramukh Nivesh ULIP
- Future Generali Easy Invest online Plan
- Future Generali Bima Gain
- Future Generali Bima Advantage Plus
- Future Generali Wealth protect plus
- Future Generali Dhan Vridhi
These ULIPs from Future Generali Life Insurance Company offer a broad choice of fund options to choose from. And the one fund option that makes a cut above the rest is ‘Future Dynamic Growth Fund’. This amazing fund option invests majorly in equities; the returns on investments are usually higher. In 2017, Future Dynamic Growth Fund’ made an absolute return rate of 21.22%.
Over to You!
So there you have it – the top 5 ULIP funds with returns to invest in 2018. But before you jump into action and start investing in one of these top ULIP funds for 2018, ensure that you time the market well. Remember, strategizing is very important for successful investment and your strategy would spell the difference between success and failure of your investment.