A Guide to Unit Linked Insurance Plan

A ULIP (Unit Linked Insurance Plan) is a type of insurance policy that provides both life insurance coverage and investment opportunities. With a ULIP, part of the premium you pay goes towards life insurance, while the other part is invested in various funds, such as bond, debt, or equity funds. It's important to note that the investment component is subject to market risks, meaning the value of your investment can fluctuate based on market conditions.