Lock-in-period of ULIP
The lock-in period for ULIPs typically spans five years, during which policyholders are restricted from withdrawing their investments to avoid surrender fees. This temporal commitment encourages a long-term investment perspective and aligns policyholder interests with insurance company goals. Throughout this period, policyholders are dedicated to keeping their funds invested, fostering long-term financial planning. After the lock-in period, they can withdraw without penalties, giving them the choice to exit the ULIP or continue, allowing them to benefit from lower charges over time and maximize returns.
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