New ULIP Fund at ₹10: Is Your Return Worth the Cost?
PNB MetLife has launched a new value index fund inside its ULIP plans at ₹10 per unit. It mixes equity investing with life insurance — but ULIPs come with layered charges that can hurt long-term returns if you're not careful.
ULIP charges in early years can eat 2–3% of your corpus — that's ₹2,000–₹3,000 on every ₹1L invested.
New ULIP fund launches at base price — but are you overpaying in charges?
Key Takeaways
Compare total ULIP charges (premium allocation, fund management, mortality fees) against a plain term plan + separate mutual fund SIP before investing.
Check the fund's benchmark index and expense ratio after the NFO period closes — high fund management charges above 1.35% are a red flag.
If you already hold a ULIP, review your fund switch options — most ULIPs allow free switches annually so you can reallocate without tax impact.
PNB MetLife has launched a new value index fund inside its ULIP plans at ₹10 per unit. It mixes equity investing with life insurance — but ULIPs come with layered charges that can hurt long-term returns if you're not careful.
Here's what happened: PNB MetLife launched the Enhanced Value Index Fund via its ULIP plans, open for subscription from July 1–13, 2026, at ₹10 NAV per unit.. The fund follows a value-investing strategy — targeting fundamentally strong companies at attractive valuations, aimed at long-term wealth and retirement goals.. Customers can invest through PNB MetLife's website or Policybazaar, combining equity market exposure with life insurance cover under one product..
What you should do: Compare total ULIP charges (premium allocation, fund management, mortality fees) against a plain term plan + separate mutual fund SIP before investing.. Check the fund's benchmark index and expense ratio after the NFO period closes — high fund management charges above 1.35% are a red flag.. If you already hold a ULIP, review your fund switch options — most ULIPs allow free switches annually so you can reallocate without tax impact..
ULIPs are most tax-efficient when annual premium stays under ₹2.5 lakh — above that, maturity proceeds become fully taxable under current income tax rules.
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- [1]“PNB MetLife Launches Enhanced Value Index Fund to Help Indian Customers Build Long-term Wealth with Life Insurance Protection” NewsVoir · 10 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.