What is the full form of ‘ULIP’, the term which was in the news recently?
What is the full form of ‘ULIP’, the term which was in the news recently?
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manish1008
ULIP stands for unit linked insurance plans. ULIP is a combination of insurance and investment. Here policyholder can pay a premium monthly or annually. A small amount of the premium goes to secure life insurance and rest of the money is invested just like a mutual fund does.