MoneyLens / Life insurance & savings
Your policy, explained.
ULIP · Tungabhadra Wealth Plus · Tungabhadra Life Insurance Ltd · ••••1953
Illustrative
ULIP · Policy held
Started1 Aug
Fund value
₹2,58,000
on 30 Sep 2026
Paid in
₹3,60,000
3 years of premium
Lock-in
To 1 Aug 2029
money paid out after it
Life cover
₹12,00,000
A unit-linked plan (ULIP) from Tungabhadra Life Insurance Ltd: ₹1,20,000 a year for 10 years, over 15 years, with ₹12,00,000 of life cover. What it pays at maturity is the fund's value then; nothing on maturity is guaranteed. That's about 1.87% a year in the 4% illustration, not guaranteed. The 4% and 8% figures are illustrations IRDAI requires, not forecasts.
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