Introduction to Unit Linked Insurance Plan

A ULIP is both an investment and an insurance plan. So, you can see your money grow as well as get the protection of an insurance.
You pay regular premium, either monthly, quarterly or yearly like in other insurance policies

The insurance company reinvests a part of the premium in stocks, bonds and equities.

If you are not happy with the returns you are getting, you can ask the insurance company to shift your money to a different fund or stocks without any additional charges. This switching can be done for up to 4 times a year or as per the Terms and Conditions.

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