New Delhi, Feb. 6 -- Over the past few years, Unit Linked Insurance Plans (ULIPs) have seen a rise in interest across the world. With the global ULIP market now valued at over $1 trillion, this space is set to grow even further. As things keep changing and people look for simple ways to manage both protection and savings, ULIPs are becoming a strong and reliable choice. In simple terms, a ULIP combines life cover with market-linked investment. One part of your premium offers financial protection, while the other part is invested in funds such as equity, debt, or a mix of both. This flexible structure is one of the main reasons why ULIPs are being used by many, across the industry and across age groups.

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