Read your policy bond.Originally Posted by nishant
Type 1 ULIP
Type 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.
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