Written by : Knowledge Centre Team
2026-03-04
884 Views
7 minutes read
Share
The world has been moving towards automation for over two decades now. The world of investments has been no different, except that automation has been the mantra of success with investments.
You may need to put some effort into figuring out the right investment. But once you do, ensure that your money can manage itself and works hard without your regular intervention.
Unit linked insurance plans or ULIPs are one such investment option where you can easily build your automated investment plan.
Here are five ULIP features which help you fully automate your investment plan:
Long-Term Investment
ULIPs are best suited for long-term investment ranging from 5 years to more than 30 years. You can even choose a whole life plan with ULIPs like Promise4Growth Plus from Canara HSBC Life Insurance. The lifetime plan allows you to continue with the same ULIP plan till the age of 100.
Due to the extended investment horizon, you can use the ULIP plans for various important life goals like child’s education, marriage, your retirement. ULIPs are also the best plans to build huge wealth over time with minimal investment effort.
The long-term nature of ULIP investments helps you to continue without the need for withdrawing and reinvesting for your long-term goals. Thus, the first level of automation is that you can continue investing for a long time without additional effort.
Click here to use - Investment Calculator
Use ECS to Automate Investments
ECS mandate can save you a lot of efforts, signatures and missed due dates for your ULIP investment. Whenever you start your ULIP investment or any other, make sure you can fill the ECS form to allow auto-debit of your account for each month’s instalment.
Also, to ensure that the mandate doesn’t bounce due to low balance, you should keep your investment date close to the salary date. This also corresponds well with the golden rule of wealth building – ‘save first spend later’.
Use an Automated Portfolio Management Strategy
ULIP plans offer multiple units linked funds to invest your money as per your risk appetite. If you are an aggressive investor you may have a few choices to invest in equity funds. For safer investors, debt funds provide the option for steady growth.
As an aggressive investor, you have a few options to manage your investment risk in the long run without much effort. For example, Canara HSBC ULIP plan, Promise4Growth Plus comes with four portfolio management strategies:
- Systematic transfer
- Return protector
- Auto fund rebalancing
- Safety switch option
Systematic transfer helps you to create and SIP to equity funds of your choice while you invest a lump sum amount. This strategy helps you benefit from the rupee cost averaging even while investing only once or once every year.
Return protector option will book the returns from equity funds, once they reach the decided threshold, and saves them in a debt fund. This strategy reduces your overall portfolio risk over time.
Auto fund rebalancing helps you maintain your portfolio risk throughout the investment tenure. You can decide the debt-equity ratio of your portfolio in the beginning and the plan will automatically rebalance to keep the same ratio.
You can use the safety switch strategy with this one to minimize your portfolio risk in the final few years of the policy. The safety switch option systematically moves your equity holdings to safer funds in the last four policy years.
Also Read - Investment plan for 5 years
Enable Milestone Withdrawals
Milestone withdrawals allow you to use the single ULIP investment plan to achieve more than one financial goal. The policy will automatically pay a percentage of total corpus value at specified times.
However, you may need to hold the policy for up to 10 years to exercise this option. But, if you are using ULIPs to achieve your long-term goals, this will not be a problem.
Milestone withdrawal option automates your goal-related withdrawal needs.
Use a Systematic Withdrawal Mandate
If you are using ULIP plans to build your retirement corpus you will not need to withdraw and invest the corpus in an annuity plan for regular income. Instead, you can use the systematic withdrawal option to create a regular tax-free income stream from the ULIP itself.
You can use any one of the systematic withdrawal or milestone withdrawal option at a given time. However, if you have started the ULIPs with a specific purpose in mind you will not need to mix them up:
ULIP for Financial Goals
- Max Investment Age or maturity age of the plan: 60 years
- Withdrawal mode: Milestone or partial withdrawals
The plan matures when you reach the age of 60 or before, with your final financial goal.
ULIP for Retirement
- Max maturity age: 100 years
- Max investment age: 60 years
- Withdrawal mode: Systematic Monthly
Since you cannot change the maturity period of your ULIP plan after purchase, you should keep the retirement ULIP as a separate investment plan.
Get a Personalised ULIP Plan for Wealth Creation & Protection
Enter OTP
An OTP has been sent to your mobile number
Didn’t receive OTP?
Application Status
Name
Date of Birth
Plan Name
Status
Unclaimed Amount of the Policyholder as on
Name of the policy holder
Policy No.
Address of the Policyholder as per records
Unclaimed Amount
Sorry ! No records Found
Request Registered
Thank You for submitting the response, will get back with you.
Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Recent Blogs
Is ULIP a Good Investment for Short-Term Gains?
09 July '26
2202 Views
7 minute read
Discover whether ULIPs are suitable for short-term investment goals and understand the risks, returns and lock-in period.
Read More
Ulip
When Is the Right Time to Invest in ULIPs?
29 June '26
897 Views
8 minute read
When is the right time to invest in ULIP? Learn how timing, goals, and market conditions impact returns and why starting early can maximise long-term benefits.
Read More
Ulip
How Do Top-Ups Work in ULIPs? Benefits & Key Considerations
29 June '26
900 Views
6 minute read
What is a top-up premium in ULIP? Learn how ULIP top-ups work, their benefits, and how additional investments can help boost long-term returns.
Read More
Ulip
Professional vs. Retail Investors: How Do They Structure Their Portfolios Differently?
29 June '26
134 Views
4 minute read
Discover how retail and professional investors differ in strategy, risk, and portfolio structure. Learn which approach suits your investment goals.
Read More
Ulip
ULIP Tax Benefits Explained: Save Tax Under 80C
29 June '26
2769 Views
10 minute read
Find out why ULIPs are an excellent way to save money on taxes. Gain tax advantages, market-linked returns, and life insurance while accumulating long-term wealth.
Read More
Ulip
Best Retirement Plan at 30s & 40s: How to Start Early
29 June '26
2762 Views
10 minute read
Learn how to plan for retirement at 30 or 40. Explore the best retirement plans, investment strategies, and tips to secure long-term financial stability.
Read More
Ulip
ULIP Structure Explained: Funds, Charges & How It Works
29 June '26
2769 Views
10 minute read
Comprehend the structure of a ULIP. Find out about charges, fund options, life insurance, premium allocation, and how ULIPs integrate investment and insurance.
Read More
Ulip
GST on ULIP: Rates, Charges & Impact on Premiums
29 June '26
3681 Views
7 minute read
Understand how GST applies to ULIP charges, premiums, and withdrawals. Simple explanation for policyholders to know what they pay and why it matters.
Read More
Ulip
Best ULIP Plans: How to Choose the Right Plan for You?
25 June '26
1081 Views
7 minute read
Choosing the right ULIP plan can make a significant difference to your returns. A clear breakdown of top tips to pick the best ULIP plan for your goals.
Read More
Ulip
Unit Linked Insurance Plans - Top Selling Plans
Canara HSBC Life Insurance offers online ULIP plans that blend life insurance protection with investment growth, helping you build wealth while securing your family's future.
Wealth Today, Protection Always
Promise4Growth Plus
- Life Cover up to 100 Years
- 13 Fund Options
- Fund Switching Option
- Waiver Of Premium
Secure Your Future with Confidence
SecureInvest
- Life Cover up to 100× Annual Premium
- 12 Fund Choices
- Automated Portfolio Strategies
- Maturity Booster
Invest Smart, Live Smart
Wealth Edge:
- Flexible Premium Options
- Multiple Fund Allocations
- Systematic Withdrawals
- Premium Waiver Benefit
Popular Search
- What is ULIP?
- ULIP Tax Benefit
- ULIP Full Form
- ULIP Vs Term Insurance
- Best ULIP Plans
- Best ULIP Plan For Child
- Allocation Charges In ULIP
- ULIP Returns In 15 Years
- Difference Between ULIP and Mutual Fund
- ULIP Vs SIP
- Mortality Charges In ULIP
- What is NAV?
- How ULIP Works?
- Tips to Buy ULIPs
- ULIP Calculator
- Power of Compounding Calculator
- ULIP Tax Benefits in India