Unit Linked Insurance Policies or ULIPs are insurance policies which offer you the opportunity of wealth creation while providing the security of a Life Cover. In ULIPs, a part of your premium is dedicated towards your Life Cover and the rest is assigned to a common pool of money, called fund, which invests in equity, debt, or a combination of both. The returns on your investments depend upon the performance of the fund opted by you.
Unlike traditional products, Unit Linked insurance products are subject to market risk, which affect the Net Asset Values. The customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.