Question

what is meant by the term policy of ulip
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Answer 1

Answer:

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Answer 2

Explanation:

Unit Linked Insurance Plans (ULIPs) are a category of goal-based financial solutions that offer dual benefits of protection and Investment. Your Unit linked Insurance Plan is linked to the capital market and offers you flexibility to invest your units in equity or debt funds depending upon your risk appetite.

Unit Linked Insurance Plans, or ULIPs, are insurance plans which combine the benefit of mutual funds with the benefit of life insurance in one plan or product. These plans provide market-linked returns along with life insurance coverage. ... The Fund Value reflects your growing corpus by way of net asset values, or NAVs.