Please tell me what is ULIP?
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Please tell me what is ULIP?
ULIP is Unit Linked Insurance Plan.
Quote:
Originally Posted by Abhishek
Unit Linked Insurance Plan - is a financial product that offers you life insurance as well as an investment like a mutual fund. Part of the premium you pay goes towards the sum assured (amount you get in a life insurance policy) and the balance will be invested in whichever investments you desire - equity, fixed-return or a mixture of both.
source - wikipedia.org