List of Top ULIP Plans in India

Published on December 26, 2025 | 4 min read

Unit-Linked Insurance Plans, also known as ULIPS, is a financial product that combines the characteristics of insurance and investments. In ULIPS, the premium paid is split between life cover and market-linked funds such as equity, debt or hybrid funds to offer wealth creation and tax benefits.

Let’s explore the top 10 ULIP Plans in India, along with the minimum age and premium required.

List of Top ULIP Plans in India

ULIPS offer dual benefits to the investors, i.e, protection from financial crisis and wealth creation. The following is the list of top ULIP plans you can invest in.

Company Name	ULIP Plan Name	Minimum Age	Minimum Premium
Life Insurance Corporation India	LIC Endowment Plus	90 Days – 50 Years	₹3,000
HDFC Life Insurance	HDFC Life ProGrowth Plus	14 – 16 Years	₹2,500
HDFC Life Insurance	HDFC Life Click 2 Wealth	30 Days – Years	₹3,000
SBI Life Insurance	SBI Life Smart Wealth Assure	8 – 60 Years	₹4,166
ICICI Life Insurance	ICICI Pru Signature	0/30 Days – 60 Years	₹5,000

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LIC Endowment Plus

LIC’s Endowment Plus Plan is a Unit-Linked Policy which offers both protection and savings benefits. There are two types of LIC Endowment Plus: Participating and Non-participating endowment guarantee plans.

The Endowment plus policy allows investors to choose from four different types of funds, Equity, Balanced and Debt funds, once the premium is paid and premium allocation fees are deducted.

HDFC Life ProGrowth Plus

HDFC Life ProGrowth Plus is a unit-linked insurance policy that allows you to choose the investment fund and the regular premium for the plan. The insurer will deduct premium allocation charges from your regular premium and the balance amount will be invested in a fund of your choice.

The premium paid for the HDFC Life ProfGrowth Plus plan is invested in the stock market, earning high returns and providing insurance protection.

HDFC Life Click 2 Wealth

HDFC Life Click 2 Wealth is a Unit-linked Non-participating Life Assurance Plan that offers financial security not only to the policyholder but also to their family.

With this plan, you can choose from three different plan options:

Invest Plus

This plan offers life coverage and the accumulated fund value in a lump sum at maturity. It focuses on fulfilling your investment goals while offering insurance protection.

Premium Waiver

In this plan, if the policyholder dies before the plan's maturity, all future premiums are waived. The fund will continue to grow and the accumulated fund value will be paid to the policyholder’s nominee at maturity.

Golden Years Benefit

This plan allows you to build your retirement fund and provides life coverage up to the age of 99.

SBI Life Smart Wealth Assure

SBI Life Smart Wealth Assure is a Non-Participating unit-linked plan that invests a portion of your premium into capital markets. The policyholder needs to pay a single premium for the entire duration of the policy to earn returns and build a significant corpus.

You can choose a combination of two funds: the Equity Fund & Bond fund that offer market-linked returns. This plan allows you to partially withdraw funds and provides the option to add an Accidental Death Benefit to the policy.

ICICI Pru Signature

ICICI Pru Signature Plan is a unit-linked Insurance plan that facilitates savings and collateral protection. You can select from four portfolio strategies and various funds across equity, debt, and hybrid funds based on your investment goals. The plan also offers a Systematic Withdrawal Plan, which allows you to get regular cash payments and become an additional source of income.

Factors To Consider Before Investing In ULIP Plans

Consider the following factors before investing in ULIPS in India.

Investment Horizon & Goals

ULIPs offer wealth creation benefits through compounding and insurance coverage, making them suitable for investors seeking long-term investments. You can use ULIPs to fund your retirement or your child’s education.

Risk Tolerance

Most ULIPs allow investors to choose the type of fund they wish to invest in. So pick a fund that aligns with your financial goals and risk appetite. For example, investors with high-risk tolerance can opt for equity funds, whereas conservative investors can go for Debt or Hybrid funds.

Lock-in Period

ULIPs have a lock-in period of a minimum of 5 years and partial withdrawals are allowed only after completion of this period. It is necessary to take this into account before investing in ULIP to avoid any liquidity issues.

Charges & Fees

Understand the different fees, such as the premium allocation fees, administration fees, fund management and mortality charges, etc. These fees affect the returns on your investment, hence they should be considered before investing in ULIPs.

Tax Benefits

According to Section 80C and 10 (10D), premiums up to ₹2.5 lakh are exempted from tax, provided that the sum assured is at least 10 times the annual premium paid.

Flexibility

Markets are unpredictable and most have inverse relationships with each other, such as debt and equity markets. So, check the flexibility of switching between different types of funds to manage investment risk and market volatility.

ULIP plans are good financial tools with dual benefits of insurance and investments. You get to choose which funds you want to invest in based on your risk profile and investment goals.

About Author

Mariyam Sara

Sub-Editor

holds an MBA in Finance and is a true Finance Fanatic. She writes extensively on all things finance whether it’s stock trading, personal finance, or insurance, chances are she’s covered it. When she’s not writing, she’s busy pursuing NISM certifications, experimenting with new baking recipes.