what is ulip

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what is ulip
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• What is ULIP - Unit Linked Insurance Policies or
  ULIPs are insurance policies which offer you the
  potential of wealth creation while providing the
  security of a Life Cover. In ULIPs, a part of
  your premium is dedicated towards your Life Cover
  and the rest is assigned to a common pool of
  money, called fund, which invests in equity,
  debt, or a combination of both.

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