What is ULIP? Features, Benefits, Risks, and Types
Insurance coverage and Wealth creation are important aspects of good financial management. Especially the recent global uncertainty has highlighted the importance of investment and insurance.
One policy that lets you do both is the ULIP. Firstly, what is the full form of ULIP? ULIP full form in insurance is Unit Linked Insurance Plan. Now, what is ULIP? ULIP investment is a comprehensive insurance product offering the benefit of insurance and investment. A part of your investment goes towards life insurance; the rest is in equities or bonds.