What is ULIP?
Asked on 07-06-2018 by Anonymous -
Answered by NewsBytes
ULIP is Unit Linked Insurance Plan. It is a life insurance plan, which provides risk cover for the policyholder. It also provides investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds. It acts as a single integrated plan. The investment part and the protection part can be managed according to one's needs and choices.