Investment-linked insurance plans (ILPs) combine the benefits of insurance protection with investment opportunities. These plans allow policyholders to invest in various market-linked instruments while ensuring financial security for their families. In India, several insurance companies offer ILPs that cater to different investment goals and risk appetites. Here are the top 5 investment-linked insurance plans in India.
1. HDFC Life Click 2 Wealth
Key Features:
- Market-linked returns with life cover.
- Zero premium allocation charges.
- Partial withdrawals after five policy years.
- Multiple fund options for investment.
- Return of mortality charges (ROMC) at maturity.
Why Choose This Plan? HDFC Life Click 2 Wealth is an affordable unit-linked plan with high transparency and flexibility, making it a great choice for long-term wealth creation.
2. ICICI Pru Signature
Key Features:
- No policy administration charges.
- Loyalty rewards and wealth boosters.
- Multiple investment strategies to suit different risk profiles.
- Partial withdrawal and switching options.
- Tax benefits under Section 80C and 10(10D) of the Income Tax Act.
Why Choose This Plan? ICICI Pru Signature is ideal for investors looking for flexibility in fund selection and a plan that enhances returns over time with added loyalty benefits.
3. SBI Life Smart Wealth Assure
Key Features:
- Single premium investment-linked insurance plan.
- Choice of equity and debt fund options.
- Death benefit: Higher of fund value or sum assured.
- Partial withdrawal available after the 5th policy year.
- Tax benefits on premiums paid and maturity proceeds.
Why Choose This Plan? This plan is suitable for investors who prefer a single premium payment with long-term wealth-building opportunities.
4. Max Life Online Savings Plan – ULIP
Key Features:
- Choice of multiple funds based on risk appetite.
- Loyalty additions from the 11th policy year onwards.
- Systematic fund transfer options.
- Life cover along with investment growth potential.
- Free fund switches to manage investments better.
Why Choose This Plan? Max Life Online Savings Plan is an excellent option for investors seeking wealth accumulation along with life protection in a flexible manner.
5. Bajaj Allianz Life Goal Assure
Key Features:
- Return of mortality charges at maturity.
- Loyalty additions and fund boosters.
- Partial withdrawal and unlimited free fund switches.
- Life cover and market-linked growth potential.
- Settlement option to receive maturity benefits in installments.
Why Choose This Plan? Bajaj Allianz Life Goal Assure is best suited for individuals who want to balance insurance security with aggressive wealth growth.
Conclusion
Investment-linked insurance plans offer dual benefits—insurance protection and market-linked returns. Choosing the right plan depends on factors such as risk tolerance, financial goals, and investment horizon. Before investing, carefully evaluate the policy terms, charges, and fund performance to ensure it aligns with your financial aspirations.
Looking for the best investment-linked insurance plan? Consult a financial expert to get personalized recommendations based on your goals and risk appetite.