A ULIP was something that caught the world s fancy in the 1960s when it originated in Britain. Soon after, they became some of the most popular insurance products in Europe and then the US. India, prior to opening up the insurance sector, had no experience with these products and have only recently been exposed to ULIPs. ULIPs provide for life insurance where the policy value at any time varies according to the value of the underlying assets at the time. ULIP is life insurance solution that provides for the benefits of protection and flexibility in investment. The investment is denoted ...

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