ULIP & Investment-Linked Insurance Advisory
ULIP and investment-linked policy advice — charges, lock-in, fund options, tax treatment and comparison with term plus investments.
- Estimate Cost
- ₹3,000 – ₹20,000
- Typical duration
- 3 days
Service overview
ULIP advisory helps you get the best from unit-linked and investment-linked insurance plans, which combine life cover with market-linked investment. WCP professionals help you choose funds, switch strategically, plan withdrawals and stay tax-efficient.
Who needs it? / When is it needed?
- Investors holding or considering ULIPs for long-term goals.
- Policyholders with underperforming ULIPs.
- When the lock-in period ends, or when deciding on top-ups, switches or surrender.
What to expect from the WCP Professionals
- Review of fund performance against benchmarks and peers.
- Advice on fund switches and premium redirection to suit your risk profile.
- Guidance on top-ups, partial withdrawals and surrender after lock-in.
- Charge and tax analysis, including maturity tax treatment.
Key deliverables
- ULIP review report.
- Recommended switch or withdrawal plan.
- Tax impact note.
Standard turnaround time
- Review and recommendations: 3–5 working days.
- Switches and withdrawals: processed by the insurer within a few working days.
Government fees, timelines & key outcomes
- No government fee.
- ULIPs carry a 5-year lock-in.
- Maturity proceeds may be taxable where annual premiums on ULIPs issued after 1 February 2021 exceed Rs 2.5 lakh.
- Key outcome: better returns aligned with your goals and tax position.
Forms & filings involved
- Insurer switch, redirection or partial withdrawal request forms.
- Surrender or top-up forms, where applicable
Documents required
- Policy document and latest fund statement.
- PAN and KYC.
- Bank details for withdrawals.
- Information on goals and risk appetite.
What we need from you
- Clarity on investment horizon and goals.
- Timely approval of switch instructions.
- Access to policy statements.
Important conditions
- Market-linked returns are not guaranteed, and past performance does not indicate future results.
- Surrender during the lock-in period moves funds to a discontinued fund.
- Charges reduce net returns.
Additional information
- Free switches are generally allowed each year as per policy terms.
- Related services: Life Insurance Advisory, Term & Whole Life Policy Planning.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What is the ULIP lock-in?
Five years; surrendering earlier moves the money to a discontinuance fund until the lock-in ends.
Are ULIP maturity proceeds tax-free?
Not always — where annual premiums on ULIPs issued after 1 February 2021 exceed ₹2.5 lakh, gains are taxable as capital gains.
ULIP or term plan plus mutual funds?
Separating protection and investment is often cheaper and more flexible; the comparison depends on charges and goals.
Can I switch funds in a ULIP?
Yes, most ULIPs allow free or low-cost switches between equity and debt funds.