Srinagar, Feb. 27 -- Understanding ULIP Meaning

A ULIP plan provides the dual benefit of investment and insurance. The premiums you pay are divided into two parts:

Investment Component - This portion is invested in equity, debt, or balanced funds based on your risk appetite.

Insurance Component - A portion of your premium provides life cover to secure your family's financial future.

SinceULIP meaningis associated with market-linked returns, choosing funds wisely based on financial goals and risk tolerance is crucial. Investors have the flexibility to switch between funds depending on market conditions.

Key Benefits of ULIP Plan

A ULIP plan is designed to offer multiple advantages, making it one of the most versatile financial instru...