Long-Lasting Bond Between ULIPs and Financial Security: A Raksha Bandhan Reflection

Table of Content

1. Being Dependable

2. Long-term bond

3. Quiet promises

Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.

The relationship between siblings can be odd at times. They could go days without talking. Then suddenly, when a problem arises, they are the first ones to be called.

It’s not about advice. It’s not that they always know what to say. It’s just that they have been around. Through messy fights, shared secrets, and long silences, the bond just stays. It isn’t perfect, but it’s yours. That’s what makes it unshakeable. It just bends, heals, and grows stronger. ULIPs or Unit Linked Insurance Plans carry the same kind of quiet, reliable strength in the background of your financial life.

Being Dependable

There is always the one person who remembers your favourite snack or calls on your bad days without fail? Yes, that quiet consistency can only be equated with a sibling. A ULIP works the same way. It remembers the goal you set, be it your child’s college fund, your retirement, or just peace of mind for later. It keeps doing its job in the background. Even if markets dip or life gets shaky, it doesn’t lose track. It doesn’t stop showing up. It stays the course. It adjusts. It grows. And when you need it, it’s there: solid and dependable.

Long-term bond

Siblings and ULIPs also share something else: long-term thinking. You may not think about them daily, yet they hold space in your life. Like the quiet assurance that someone is watching out for you, even without saying a word.

There may come a time when an incident can derail our plans. This can be a health scare or losing income without warning. These moments arrive without notice. That’s when the presence of your ULIP begins to feel real. You don’t panic. You are not empty-handed. What you started long ago is still holding strong when everything else feels uncertain.

Simply put, an ULIP combines insurance and investment in one plan. You don’t have to choose between protection and growth. You get both. That’s like having a sibling who’s both your cheerleader and your shield. Your premium gets divided. One part goes towards life insurance, the other into market-linked funds. You can pick equity, debt, or balanced options depending on your goals and appetite for risk. Over time, your money gets the chance to grow while you also stay protected.

Here’s what many people don’t realise. ULIPs aren’t fixed in stone. They grow with you. Life changes. You get married, start a family, take on more responsibilities. Your ULIP lets you adjust. You can switch funds, invest more, or keep things steady. That kind of flexibility is rare. And strangely familiar. Like how a sibling relationship matures. You start off squabbling over toys. Years later, you are discussing schools, careers, even finances with the same person who once hid your birthday gift. Things change, but the support remains.

What makes a ULIP special is also its discipline. You invest regularly, usually for five years or more. That habit creates a rhythm, a structure in your financial life. Most people struggle with staying committed to long-term saving. But with a ULIP, the commitment is built in. You don’t need to second-guess yourself every month. You set it up once and trust the process. It’s like your sibling reminding you to take that first step. Then staying quiet while you figure things out. But always there, always present.

There’s another quiet benefit to ULIPs: tax savings^*. The premiums and the maturity payout qualify for deduction under the Income Tax rules, subject to conditions. This gives your returns more room to breathe. Your money is not just growing, it’s doing so efficiently. In the long run, that can make a big difference. Just like a small word of encouragement from a sibling at the right time can keep you going longer than expected.

Quiet promises

Raksha Bandhan is about promises. Not the loud, dramatic ones but the kind you keep without needing reminders. A ULIP is built on the same promise. It doesn’t shout. It doesn’t try to impress. But it shows up. Quietly. Consistently. Every month. Every year. Until the day comes when you need it to fulfil its role. And then, it does. Whether it’s paying out for your child’s higher education or offering a buffer during tough times, it’s there because you showed up for yourself earlier.

There are days when the markets may dip, or your income might feel tight. But a good ULIP absorbs that uncertainty. It doesn’t rush you. It works in the background. And over the years, the value becomes visible. This Raksha Bandhan, while you are tying that thread of protection, consider extending that idea to your finances. Because financial independence is also a form of security.

Your sibling has seen it all. The days you didn’t have it together. And still, they never stopped rooting for you. They never needed you to be flawless to stand by your side. A ULIP follows that same principle. It doesn't expect you to get everything right. It doesn’t wait for perfect timing or perfect choices. It just keeps moving forward with you, steady and focussed on what lies ahead. What it wants is simple: stay committed. Show up for your future. And it will do the same for you, quietly building something solid beneath your dreams.

Protection doesn’t have to end with a thread on the wrist. Some gifts don’t sparkle, but they stay. A ULIP is one of them this Raksha Bandhan. It holds its worth longer than sweets or boxes tied with ribbons. Because what says “I’m here for you” better than setting up a financial plan that doesn’t flinch, fade, or forget?

Just like your sibling, a ULIP might not always be in the spotlight. But when the moment comes, you will be glad it was always there.

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ARN: ED/07/25/25061