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ULIP stands for Unit Linked Insurance Plan
In terms of functioning, ULIPs are very similar to Mutual funds. A ULIP can be considered as a type of mutual fund that provides you insurance benefits and that too, to the extent you want. The money you invest would be converted into units just like in MFs and invested in the stock marketand also you would be charged an amount out of your premium to provide you the insurance coverage you want. For a layman we can assume that
ULIP = Mutual fund + Insurance
What else can I help you with?
How many company sells ulips?
Many companies in India sell ULIPs. Some of them are:HDFCICICI PrudentialLICSBIBajaj Allianzetc
Why ulip band by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
Why uLIP was banned by sebi?
SEBI did not ban ULIPs but they banned some Insurance companies from selling ULIPs, that's all
How do you invest in ulip?
By contacting an authorized agent who sells ULIPs. Most banks these days sell ULIPs in their branches. You can visit any bank and ask for ulip investment options and their customer care exec will be happy to assist you.
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ULIPS are basically Unit linked plans .e in these plans you get the benefit of insurance as well as investing in Equity and bonds or debt... whereas in case of TLIPS these are traditional linked plans wherein you get the benefit of endowment plans with that of ULIPS as well...!!
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