What are Type I and Type II ULIPs?

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What all types of ULIPs are available? I was reading in an article about Type I and Type II ULIPs. What are Type I and Type II ULIPs? Do we need to take care of these terms while buying ULIP?

Type 1 ULIP
Tyoe 1 ULIP the policy holder will receive either insurance and investment benefit not both. At the end of term (maturity period) policy holder will get benefits from either investment or the insurance section of the ULIP, which ever is higher.
Type 2 ULIP
This is same as Type 1 ULIP except, in this plan the policy holder get both benefits i.e benefits from insurance section and investment section of ULIP. But you need to pay higher premium for this plan.