Need A Financial Product Forums Insurance What is ULIP?

This topic contains 1 reply, has 2 voices, and was last updated by  Rahul Batra 2 years, 2 months ago.

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  • #47562

    Rahul Batra
    Member

    Heard a lot about ULIP. Can someone tell me what is ULIP?

    #47563

    Sam Daniel
    Member

    ULIP stands for Unit Linked Insurance Plans. This is life insurance plans that are prone to risks of markets and capitals. Therefore the policy holders should properly think and then invest in ULIPs considering their present and future risks both. It is considered to be the best suitable for people who keep track of all investments, who have passed all stages of life and don’t have much to spend ahead, those who have lot of risk variations and for those who believe in investing in long term.

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