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UTI Unit Linked Insurance Plan





UTI Unit Linked Insurance Plan (UTI ULIP 71) is celebrating 45th Anniversary
(Date of Launch 2nd October 1971)

UTI ULIP is a special product in Mutual Fund Space. This scheme has been designed by UTI way back in 1971 itself.

UTI ULIP is a Mutual Fund Scheme with asset allocation of 40% : 60 % in Equity : Debt.


UTI ULIP offers :
  • Plans to choose 10 years or 15 years
  • Target amount to choose between Rs.15,000/- to Rs.15 lakhs and even above (however Insurance is limited to maximum of Rs. 15 lakhs)
  • Life Insurance Cover Up to Rs. 15 lakhs. No medical examination required, only a self declaration and certification by the IFA in the form.
  • Accident Insurance Cover Rs.50,000/- free of cost
  • Income Tax exemption under Sec. 80 C of I.T.Act 1961 , up to Rs. 1,50,000/- p.a.
  • Liquidity with no lock in (as required by MF Regulations). However those who claim tax benefits may continue for 5 years.
  • No lapsation of Insurance cover, even if the installments are not paid on due dates, as the insurance premium is paid by redeeming outstanding units.
  • Any individual (resident / Non resident) above 12 yers 6 months and up to 55 years 6 months can join the plan.
  • Flexibility to pay premiums Annually, Half yearly, quarterly or  Monthly SIP or even one time payment of all premiums or multiple premiums.
  • Maturity Bonus units are allotted based on the Target Amount ie., policy amount on date of maturity.
  • 0.50% additional post maturity bonus units are being allotted every yer for continuing even after maturity date.
  • UTI AMC has tied up with insurance company (presently with LIC from 1971) for insurance cover.
  • Mortality charges are very very nominal compared to any other products.
  • Mortality charge have been still brought down considerably effective from 1st Oct 2016.



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1. BNP Paribas Long Term Equity Fund

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5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

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9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

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