Unit-linked contracts where the savings portion is invested in market-linked funds you choose.
A ULIP is a life insurance contract in which the premium, after charges, buys units in funds chosen by the policyholder — equity, debt or balanced. The value of those units moves with the market, so the maturity value is not guaranteed. A minimum sum assured is payable on death regardless of fund performance.
ULIPs carry a distinct charge structure — premium allocation, policy administration, fund management and mortality charges — and a five-year lock-in under IRDAI rules. We place the policy, walk you through the charge schedule before you sign, execute fund switches when you instruct them, and handle the servicing.
Key features
- Fund choice across equity, debt and balanced options, with free switches in most products
- Five-year lock-in mandated by IRDAI; partial withdrawal permitted after that in most products
- Charge structure disclosed in the benefit illustration — read it before signing
- Minimum sum assured payable on death independent of fund value
- Top-up premiums accepted by most insurers within stated limits
- Market risk on the investment portion is borne entirely by the policyholder
Risk disclosure. Insurance is a subject matter of solicitation. Benefits, exclusions, waiting periods and claim outcomes are governed solely by the policy wording issued by the insurer. Pyrramid Wealth Distributors distributes this product and does not manufacture it. Nothing here is a recommendation or investment advice.