One of the fundamental reasons behind an individual’s investment is to get a decent corpus at the end of their investment tenure. Though there is a number of investment avenues available in the market, ULIP is still one of the best avenues out there. It not only helps you get good returns but also gives you access to the life cover feature.

In order to understand its concept, you should, first of all, understand the ULIP meaning, as it will also help you understand how a ULIP does actually work.

There was a time ULIPs were a not-so-popular choice between the investors due to their high charges and commission structure.…