Click 2 Invest Plus

What this product is

A ULIP savings plan with four benefit structures (Classic, Classic Plus, Classic Waiver, Classic Waiver Plus) and a choice of 10 funds, letting you tailor how much protection versus premium-waiver benefit you want alongside your investment.

You might need this if…

• You might need this if you want a single plan combining life cover and market-linked investing, available from 30 days old through age 65 at entry.
• You might need this if you want your family's investment goal protected even if you're not around - the Classic Waiver options continue funding the plan and/or add a monthly income if the policyholder dies.
• You might need this if you want control over your asset allocation across 10 funds spanning equity-heavy to pure bond options, with free switching.
• You might need this if you value loyalty additions that boost your fund value over the long term rather than a plain ULIP.

How it actually works

• Entry age from 30 days (Classic/Classic Plus) or 18 years (Waiver options) up to 65; minimum term 5 years, up to 99 years for Classic.
• Death benefit varies by option: Classic pays the higher of sum assured, fund value, or 105% of premiums; Classic Plus pays sum assured PLUS fund value; the Waiver options add premium waiver and/or a monthly income benefit (0.5-2% of sum assured for 5-20 years).
• Maturity benefit is the fund value plus any credited loyalty additions.
• Charges include a fund management charge capped at 1.35% p.a., a policy admin charge capped at ₹500/month, and a discontinuance charge that phases out by year 5.
• Three plan tiers (Growth, Loyalty, Loyalty Plus) offer different loyalty additions, such as return of mortality charges or periodic fund value enhancers.
• 4 free fund switches, withdrawals, or redirections per year; charges apply beyond that.

Worked example

The tiers

Worth knowing before you decide

• There's a mandatory 5-year lock-in with no liquidity; early discontinuance routes your money to a Discontinued Policy Fund earning only a 4% p.a. floor until year 5.
• Returns are market-linked and not guaranteed - the investment risk is entirely yours.
• Partial withdrawals are only allowed after 5 years, and you must maintain a minimum fund balance.

Official source

⌟ Official product brochure

Learn about this category

Read the full ulips explainer → · See all ulip products →