Unit Linked Insurance Plans (ULIPs), hybrid financial products that combine insurance with investments, have always been offered to one and all, i.e., retail as well as high net worth individuals (HNIs). Recently, insurers have introduced ULIPs with higher ticket size focused exclusively at HNIs.
How different are they
HNI ULIPs will typically require an annual premium of Rs 2 lakh and above. Further, their cost structure is different as there are fewer cost- ..