FAQ for ULIP

1. What is a ULIP?

A ULIP is a life insurance plan offering both life insurance coverage and market-linked investment growth.

2. How is a ULIP different from traditional insurance plans?

ULIPs offer market-linked returns for potential higher growth, whereas traditional plans offer guaranteed or fixed benefits.

3. Who is a ULIP suitable for?

ULIPs are suitable for individuals seeking long-term wealth creation and life insurance with a moderate to high-risk appetite.

4. What is the lock-in period for a ULIP?

ULIPs have a mandatory five-year lock-in period, during which surrender results in the fund being moved to a discontinuation fund.

5. What happens after the lock-in period?

After the lock-in, you gain flexibility for partial withdrawals or discontinuing premium payments without surrender charges.

DECLARATIONS

By proceeding, you allow PhonePe Insurance Broking Services to call you and provide assistance for the service you are trying to avail, irrespective of your DNC registration (if any).

T&C and Privacy Policy Apply.

PhonePe Insurance Broking Services Private Limited

(IRDAI Reg. 766 - Direct Broker – Life and General) - valid till 10/8/2027. CIN- U66000KA2020PTC132814. Reg. office - Office-2, Floor 4, Wing A, Salarpuria Softzone, Bellandur, Bengaluru, Karnataka-560103.

Terms and Conditions • Privacy Policy • Grievance Policy