ULIP
(Unit Linked Insurance Plan)
Life Insurance.
ULIP (Unit Linked Insurance Plan)
A unit linked insurance plan, or ULIP, Plan offers a unique combination of life insurance and investment growth together under one policy. Similar to a mutual fund, a portion of your premium amount is used to obtain life insurance, and the remaining portion being invested in funds of your personal choice. Because of these two advantages, ULIP's are a desirable choice for long-term and serious disciplined investors who want to build wealth while also providing financial security for their loved ones. A ULIP's great choice is further increased by the freedom it provides to choose between fund options..
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