Life Protection + Market Linked Funds Key Benefits
Unit linked insurance plan (ULIP) is life insurance solution that provides the benefit of life protection and flexibility in investment.
The investment is denoted as units and is represented by the value that it has attained called as Net Asset Value (NAV).
This is the plan suitable for persons who want higher returns on the saving
The premium is invested in the fund on policy holder choice and so the risk of investment is borne by the policy holder
You need to be aware that the investment made under this plan generally moves in line with the stock market so some knowledge in the market would be useful.