Do you want an insurance policy that also gives some return on your money? Broadly, there are two types of insurance plans in the market that allow investments: unit-linked insurance plans (Ulips) and traditional plans. Mintexplains the features of both.
ASSURED RETURNS:
Ulips are market-linked plans, so they don’t guarantee returns, however some plans can work like capital protection plans, in which they offer a minimum guarantee to protect the capital and for this they levy an extra charge. Traditional plans either offer a minimum investment guarantee or guarantee the entire investment amount upfront.
