It’s always said that Mutual Funds give better return than ULIP plans. We thought to check this with various ULIP plans of different life insurance companies. In the below example, we took NAV values for one year between Dec 1st’ 2009 and Dec 1st’ 2010. and checked the return on investment.
ULIP Plan |
Dec 1, 2009 |
Dec 1, 2010 |
Return on investment |
Max New York Life – Life Invest(Growth Fund |
27.57 |
30.97 |
12.3322% |
Birla Sun Life – Individual Life – Multiplier |
11.4390 |
13.1628 |
15.0694% |
Sensex
|
16,947.46 |
19,529.99 |
15.2384% |
Kotak Dynamic Growth |
32.78 |
38.0422 |
16.0530% |
Bajaj Allianz: New Unitgain plus (Funds – Equity Growth Fund |
14.6 |
17.2 |
17.8082% |
HDFC-Standard Unit Lined Wealth Multiplier (Large Cap Fund) |
12.6595 |
15.1929 |
20.0118% |
ICICI-Prudential: LifeTime Premier (Multicap Growth Fund) |
10.01 |
12.12 |
21.0789% |
TATA-AIG Individual Life (Select Equitry Fund – Life) |
15.39 |
18.67 |
21.3125% |
Reliance Life (W+HP – Equity Fund) |
9.27 |
11.60 |
25.1348% |
Most of the ULIP plans gave better return than Sensex.
Note – We have picked up all the above ULIP plans radomly.