Mutual fund Investment product which has Group life cover along with wealth creation in Long Term!

UTI Mutual fund’s 50-year-old product which is UTI ULIP has multiple features in one plan which could be a good solution for investors without LIFE INSURANCE COVER.

UTI ULIP (Unit linked insurance plan), as well as LIC ULIS (Unit linked insurance scheme), is an innovative product that caters to wealth creation, life insurance cover, a tax deduction for the contribution. This product has the advantage of taking Group Life Insurance cover through LIC where all the unit holders are covered with a very low premium towards life cover.

This plan has the unique advantage of having life cover throughout the term even though the premium is not paid in any year as it will not lapse as the mortality cost is adjusted on the contribution done earlier.

An important feature is that in case of emergency cash flow needs, funds can be withdrawn also (liquidity is provided for both partial withdrawal and total withdrawal). Complimentary Personal accident cover is also inbuilt in the plan for Rs.50000/-

Both the plans have generated 10-12% CAGR consistently if the investor stays invested during the course of the entire term (10 years (or) 15 years) depending on entry age.

Active fund management is done in both equity and debt portfolios and UTI has more weightage to debt and LIC ULIS has more weightage to equity.

Contributions can be done in yearly mode, quarterly mode as well as a monthly mode through SIP based on an investor’s convenience.

Do consider this solution in your product suite as a tactical investment option.

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