What is a Unit Linked Insurance Plan (ULIP)?

Combines Insurance and Investment: A Unit Linked Insurance Plan (ULIP) offers both life insurance and investment options.

[{"selector":"#anim-ccd73893-092d-4bbc-a476-1f4c1bbc8359 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-55.3554684108149%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Premium Split: Part of your premium goes to life insurance, and the rest is invested in funds like equity, debt, or hybrid.

[{"selector":"#anim-c962c3be-6a0b-41ef-90bd-e8011feceb8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(13.812499780415655%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Market-Dependent Returns: The returns from ULIPs depend on market performance and are not guaranteed.

[{"selector":"#anim-bc610ada-8855-432a-9522-9255dbb6baac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.12714027376106%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Dual Benefits: You get insurance coverage and the chance to invest with a ULIP.

[{"selector":"#anim-7cb5b751-3d4c-4e49-8b3c-387e4c1ef65f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(2.853125184852616%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Honest Advertising: Advertisements must clearly show both the benefits and risks of ULIPs.

[{"selector":"#anim-186068e3-22bf-4e17-842e-3a9005a73e4a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(23.617473808382037%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Regulated by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) oversees ULIPs to protect consumers.

[{"selector":"#anim-2a683b3d-8b30-4f64-b738-7253a12a9879 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.518063675106543%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] IRDAI Guidelines: IRDAI rules prevent ULIPs from being marketed only as investment products.

[{"selector":"#anim-36353c87-8a9e-4c35-86bf-591cc40c284b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.445652160613392%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Fair Practices: IRDAI ensures fair marketing and management of ULIPs through its guidelines. Learn more