ULIP Meaning and Types: A Comprehensive Investment Guide
Jamesparl35229 May, 2025Business
A Unit Linked Insurance Plan, commonly referred to as ULIP, is a financial product that combines the benefits of life insurance with investment opportunities. The ULIP meaning lies in its dual purpose: providing life cover to ensure financial security for your family while allowing you to invest in market-linked funds to grow your wealth. ULIPs are popular in India for their flexibility, as they let policyholders choose how their premiums are allocated between insurance and investment components.
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