Unit-linked income plan
The Unit link Insurance Plan (ULIP) is a perfect combination of insurance and investment elements. It provides you a valuable investment flexibility as well as long-term investment opportunities. Provides a combined coverage. Premiums paid to ULIP are partially used as life plan risk compensation and the rest are invested in market funds such as debt, stocks, bonds, market funds and hybrid funds. The choice of market fund depends only on the policyholder’s willingness to take risks. The insurance company invests that amount in the capital markets at the request of the insured. Advantages of ULIP plan are as follows: