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Page A-983
What is a ULIP Plan?
A ULIP (Unit Linked Insurance Plan) is an insurance product that offers you a dual benefit of life cover and investment to achieve long-term wealth creation . The premium paid for this plan is divided into two parts: one part of the premium goes towards life cover, and the remaining sum is invested in the fund of your choice. In ULIP plans, you can invest your money in equity, debt, or both as per your risk appetite. The ROI depends upon the performance of funds.
Page A-978
What is a ULIP Plan?
A ULIP is an insurance product that provides you with the double benefit of investment to achieve long-term wealth creation goal, and a life cover to secure your family’s future if there is an unfortunate event. The premium paid for ULIP is divided into two parts. One part of the premium is used for your life cover and the remaining sum is invested in the fund of your choice. In ULIP plans, you can invest your money in equity, debt or a combination of both funds depending on your risk appetite. The returns on the investment depend upon the performance of the funds.