What is ULIP? A Unit Linked Insurance Plan (ULIP) combines life insurance with investment opportunities in a single plan. Part of your premium provides financial protection for your family, while the rest is invested in funds based on your goals and risk appetite. ULIPs also offer flexibility to switch between funds as your needs change. It's a smart option for those looking to build long-term wealth while staying financially protected. http://www.bajajfinserv.in/insurance/what-is-ulip