ULIP

There are many products in the market that have multiple functions. Take your Fitness Watch - while it works like a watch, it also offers many other benefits.

Similarly, a ULIP product is a multi-functional product. You can enjoy the benefits of insurance and investment in a single plan. It helps you grow your money by investing them in your choice of instruments (debt, equity, etc.) and, at the same time, offers financial security to your loved ones in your absence.

There are many different Insurance Policies and Plans available in the market, but all Life Insurance Plans in India broadly fall into 3 categories – Unit Linked Insurance Plans, Traditional (Savings Plans), and Term Plans.