ULIP (Unit-Linked Insurance Plan) – Life Insurance Explained

A ULIP (Unit-Linked Insurance Plan) is a life insurance product that combines life cover with market-linked investment.

It’s designed to provide financial protection to your family if you pass away, plus the potential to grow wealth over time by investing in financial markets.

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Key Features

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Premium Split

When you pay your ULIP premium, part of it buys life insurance cover and the rest is invested in funds (like equity, debt or balanced funds) managed by professionals.
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Market-Linked Growth

The investment portion buys units in the funds you choose. The value of these units changes with market performance — meaning your returns are not guaranteed and depend on market movements.
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Fund Switching

You can shift your investment between different funds based on your goals and risk appetite.
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Lock-In Period

There’s a mandatory minimum lock-in of 5 years, during which you generally cannot withdraw your funds (partial withdrawals are allowed after this).
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