ULIPs (Unit Linked Insurance Plans)

ULIPs (Unit Linked Insurance Plans) are a type of insurance that combines life coverage with investment opportunities. Part of your premium pays for life insurance, providing financial protection for your loved ones if you pass away. The remaining amount is invested in funds like stocks or bonds, allowing your money to grow over time. You can choose and switch between different investment options based on your goals and risk tolerance. ULIPs offer the benefit of both insurance and potential wealth creation, with the flexibility to tailor investments and benefits as your needs change.