What are Type I and Type II ULIPs?

[tigershark]

Missed this part of the query -

Pension or Children’s ULIPs can be type I or Type II, depending on the type of policy you have bought.

[>take]

One more ULIP - Health Insurance ULIP
This ULIP provides Health insurance coverage with the death claim. Various critical illness and disabilities are covered and treatment options are available with this ULIP.