ULIP Insurance
What is ULIP Insurance?
ULIP (Unit Linked Insurance Plan) is a type of insurance product that combines life insurance coverage with investment opportunities. A portion of the premium you pay goes toward providing life insurance, while the remaining amount is invested in various market-linked instruments such as equities, bonds, or mutual funds.
ULIPs offer the dual benefit of financial protection for your family and wealth creation over the long term. The value of the investment component may vary based on market performance, and policyholders can often choose or switch between different investment funds based on their risk appetite.
ULIPs are suitable for individuals looking for a structured way to invest while also securing life cover in a single plan.