💨 Abstract

A Unit Linked Insurance Plan (ULIP) is a life insurance product that combines insurance coverage with market-linked investments, offering a balance between protection and wealth creation. ULIPs are popular for long-term financial goals due to their flexibility, transparency, and versatility, with features like fund selection, partial withdrawals, and tax advantages. These plans cater to evolving financial needs and can help secure a future by ensuring financial stability and achieving life goals.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖