ULIP — Unit Linked Insurance Plan
Market-linked wealth creation with a built-in life cover.
Understanding ULIP — Unit Linked Insurance Plan.
ULIPs combine life insurance with market-linked investments — your premium is split between insurance charges and a portfolio of equity / debt funds you choose.
ULIPs offer flexibility: switch between equity, debt and balanced funds at low cost, with no LTCG tax on switches inside the policy.
What's actually inside this cover.
- Equity, debt, balanced fund choices
- Free fund switches
- Top-up premium facility
- Tax-efficient under 80C / 10(10D)
- Higher of fund value or sum assured on death
- Maturity benefit equal to fund value
- Partial withdrawals after lock-in
Actual cover is subject to insurer wording, sub-limits, deductibles and exclusions. Please read the policy wordings carefully before concluding a sale.
How we place it.
One team — from the first conversation to the first claim.
- 01
Profile and exposure review with a Labdhi expert
- 02
Wording, sub-limit and pricing comparison across leading insurers
- 03
Cover binding with the optimal terms and add-ons
- 04
Renewal review and end-to-end claims support
When it actually pays.
Illustrative scenarios — real outcomes depend on insurer wording.
Long-term ULIP delivers equity-linked corpus at maturity.
Death during tenure pays higher of fund value or sum assured.
Why Labdhi for this?
As a licensed insurance broker, Labdhi compares wordings, sub-limits and pricing across multiple insurers, structures the policy around your real exposures, and supports you end-to-end through documentation, renewals and claims.
Have these ready and we can move the same day.
Life underwriting is the most detailed of the lot. Income proof sets the maximum cover an insurer will offer, and the medical and lifestyle answers set the premium.
- Name
- Father's name
- Mother's name
- Date of birth
- Gender
- Marital status
- Mobile
- Permanent address
- Height and weight
- Education
- Occupation
- Organization type
- Name of organization
- Annual income
- Smoker and alcohol
- Any medical history
- Existing insurance details, if any
- Name
- Date of birth
- Gender
- Relationship with the life assured
- Recent photo
- PAN card copy
- Aadhaar card photo, front and back
- Cancelled cheque photo
- ITR for the last 3 years
- COI for the last 3 years
- Salary slips for 3 months, plus a 6-month bank statement
- Full photo
Send them across on WhatsApp or email and we will come back with options. If something on the list does not apply to you, tell us and we will work around it.
Is your ULIP — Unit Linked Insurance Plan cover actually enough?
Most people discover the gap in their protection at the worst possible moment — at claim time. Shield360™ is our 4-minute risk profiler that scores your long-term protection, highlights gaps, and gives you a personalised report you can download.
- Protection Score
A single 0–100 number showing how well-covered you really are.
- Gap Analysis
Identifies under-cover across life, health, income and assets — instantly.
- Downloadable Report
Branded PDF with your scores, gaps and suggested next steps.
More in Individual Life.
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Guaranteed savings with a life-cover wrapper.