Guwahati, April 24 -- Every financial journey is different. Some of us want a significant corpus for retirement. Others want to secure their family's future with a suitable insurance plan. What if you can avail both benefits with one investment? Yes, Unit-Linked Insurance Plans (ULIPs) can adapt to these needs. If you're looking to create a strong and reliable base for retirement along with financial security to your family, ULIPs can be helpful.

But before everything, you might want to know what is ULIP insurance and how it works.

When you pay a premium, the insurer splits it, one part goes into your life cover. The other is invested in funds you choose. You get to pick from high-growth equity, safe debt funds, or a balanced mix.

Now,...