<ul><li>A Unit Linked Insurance Plan (ULIP) is a financial product that combines life insurance coverage with investments.</li><li>There are different types of ULIP plans: equity-oriented ULIPs, debt-oriented ULIPs, balanced ULIPs, liquid/cash ULIPs, child ULIPs, and retirement ULIPs.</li><li>Equity-oriented ULIPs are suitable for individuals with a long-term investment horizon and high-risk appetite, while debt-oriented ULIPs are suitable for conservative investors who prioritize financial security.</li><li>Balanced ULIPs allow investors to diversify their portfolios and are suitable for those with a moderate risk appetite.</li></ul>

How Do Different ULIP Plan Types Impact Your Long Term Financial Goals

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