Life InsuranceUlip plans

What is ULIP (Unit Linked Insurance Plan)?

Unit Linked Insurance Policies or ULIPs are insurance policies which offer you the potential of wealth creation while providing the security of a Life Cover. In ULIPs, a part of your premium is dedicated towards your Life Cover and the rest is assigned to a common pool of money, called fund, which invests in equity, debt, or a combination of both. The returns on your investments depend upon the performance of the fund opted by you.