Unit Linked Insurance Plans (ULIPs) is an insurance-cum-investment plan, which can help us meet our financial goals, while also providing insurance cover. These products are goal-oriented investments. You can choose funds based on your risk appetite. The premiums you pay are invested in a variety of funds opted by you after relevant deductions as per applicable charges. This investment plan comes with an additional benefit of Life Cover, where your units are purchased from a chosen fund by you at their Net Asset Value (NAV).