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All you need to know when claiming ULIPs

Dec 05, 2017 | 3 years ago | Read Time: < 1 minute | By iKnowledge Team

Unit-linked insurance plans (ULIPs) are deemed to be a good combination of market-linked investment and insurance. They try to bring the best of both worlds to you. You get market-linked returns on your ULIP investment if you survive the maturity period. However, in case of an unfortunate event, depending on the terms of the policy, the beneficiary will receive either of the following:

  • The sum assured
  • The highest possible fund value and sum assured
  • Sum assured and the value of the fund

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