ULIP stands for Unit Linked Insurance Plan. It’s a type of life insurance product that combines insurance coverage with investment opportunities. When you buy a ULIP, a portion of your premium goes toward providing life insurance coverage, and the remaining amount is invested in various funds, such as equity, debt, or a combination of both, based on your risk appetite and financial goals.

ULIPs offer flexibility to policyholders in terms of choosing where to invest their money within the available fund options. They also provide transparency by disclosing the charges and fees associated with the policy, including premium allocation charges, fund management fees, mortality charges, etc.

One of the key features of ULIPs is the ability to switch between different funds based on market conditions or changing investment objectives. Additionally, ULIPs may offer tax benefits under the Income Tax Act, making them attractive for individuals looking for a combination of insurance and investment opportunities.

This table summarizes key details about popular ULIP funds offered by different insurance providers in India, including their investment options, features, charges, and performance aspects. Keep in mind that the information provided is based on general trends and may vary based on specific policy terms and conditions. Conducting thorough research and consulting with financial advisors are recommended before making investment decisions.