For quite a while, countless bound their confidence upon shared reserve plot. Be that as it may, the reintroduction of LTCG (Long Term Capital Gains) charges, declared in Union Budget 2018, has made an ever increasing number of speculators move far from shared store ventures.
In any case, here’s the BIG QUESTION that all common store financial specialist is looked with: Where to put resources into a request to make brisk and safe returns, without agonizing over LTCG charges?
The Answer: ULIP investments.
If you’re a new investor and wondering what is ULIP, check out this definition.
What is ULIP?Â
ULIPs are progressive, mixture extra security items that offer the twofold advantages of venture and protection, in the meantime. Moreover, ULIPs additionally offer the alternative of expense reserve funds, which is commonly not given by shared store plans.
In any case, here’s the arrangement:
Since the reintroduction of LTCG charges, an expansive number of life safety net providers in India have begun offering an extensive variety of new-age ULIP designs that come stuffed with a considerable measure of advantages, highlights and favorable circumstances for the financial specialists. What’s more, this sheer assortment of ULIP speculation intends to browse can without much of a stretch confound even the most prepared of speculators.
That is the reason, in this post, we will pull the drapes and uncover the best ULIP gets ready for interest in FY 2018-19. In short: you will see the ULIP speculation designs you should put down your wagers on to win higher returns in FY 2018-19.
Let’s get started.
Top 10 ULIP Plans for FY 2018-19
| S.No. | ULIP Plans | Entry Age | Min Premium Amount | Premium Allocation Charge | Policy Admin Charge | Free Switches(Year) |
| 1 | SUD Life Dhan Suraksha Plus | 8 to 50 years | Rs. 24,000 | 6% of Annual Premium | Rs. 6000 annual (Max) | 1 |
| 2 | HDFC Life Pro-Growth Plus | 14 to 65 years | Rs. 2500 to Rs. 10000 | 2.5% of Annual Premium | Rs. 500 monthly (Max) | Unlimited |
| 3 | Aegon Life iMaximise Secure Plan | 7 to 55 years | Rs. 24,000 to Rs. 36,000 | Nil | Rs 100 monthly | 4 |
| 4 | ICICI Pru Wealth Builder II | 0 to 69 years | Rs. 24,000 to Rs. 48,000 | 3% to 4% | Rs. 500 monthly | NA |
| 5 | LIC Market Plus-I Growth Fund | 18 to 65 years | Rs. 5,000 to Rs. 30,000 | 3.3% | Rs 60 monthly (Max) | 4 |
| 6 | Tata AIG Life Invest Assure II | 4 to 55 years | Rs. 75,000 to Rs. 1,20,000 | 5% of Annual Premium | 0.25% X Yearly Premium | 12 |
| 7 | Bajaj Allianz Future Gain | 1 to 60 years | Rs. 25,000 | 0% to 1.5% | Rs. 33.33 monthly | Unlimited |
| 8 | SBI Life Wealth Assure | 8 to 65 years | Rs. 50,000 | 3% of Single Premium | Rs.45 monthly | 2 |
| 9 | MAX Life Fast Track Growth Fund | 18 to 50 years | Rs. 25,000 to Rs. 1,00,000 | 2% (Single Prem) to 4% (Annual Prem) | Rs1,500 monthly | 12 |
| 10 | PNB MetLife Smart Platinum | 7 to 70 years | R.30,000 to Rs. 60,000 | 1.25% per Annum (Maximum) | Rs. 40 (Max) | 4 |
But before you zero in on one of these ULIP plans, it makes sense to keep a few important things in mind. Here are 5 such tips:
- Get acquainted with how ULIP investment actually works.
- Understand the charges under your intended ULIP plans. Do well to understand the entry and exit charges of your intended plan.
- Remember, staying invested in ULIPs for a longer term will help you maximize your returns. Invest in ULIP funds that offer best returns according to your risk appetite and financial health.
- Don’t forget to analyse the past performance of the intended ULIP fund. Compare the performance of these funds against other ULIP funds.
- Check the premium amount, the associated charges, ULIP fund performance, features, benefits and rider options available under your intended ULIP plan.
Now that you have carefully selected the best ULIP plan keeping these 5 vital points in mind, do well to calculate the returns that you are likely to make using an online ULIP calculator. Using an online ULIP calculator, you can calculate the future value of an investment. You
Wrapping it Up!
You just got to know the best ULIP venture gets ready for FY 2018-19. Presently precisely simply ahead and select the best arrangement that yields enough potential to enable you to meet your future budgetary objectives. In any case, before taking a dive in the ULIP speculation biological community, do well to set aside a few minutes the market well. Keep in mind, being cautious and watchful when putting resources into the best ULIP designs can help you securely put resources into ULIP ventures but then augment your profits.
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