Switching and Redirection are two of the many strategy options available to manage the volatile market. These are the two options by which you can manage their returns in volatile market conditions.

Switching is to shift your corpus from fund(s) to other available fund(s) while re-direction is allocation of future premiums, in full or parts, to fund(s) available.

You choose your fund based on your changing risk-appetite and financial goals as your life progresses. These are convenient options which will protect you against market fluctuations by balancing the investment portfolio between debt and equity.

Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. In ULIP, the investment risk in the investment portfolio is borne by the policyholder. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of fifth year.