Unit Linked Insurance Plans (ULIPs) are a versatile financial tool combining investment and insurance benefits. They provide flexibility, offering various fund options and customisable features to suit your financial needs. Choosing a ULIP plan requires careful consideration to maximise returns and ensure alignment with your long-term goals. From understanding fund options to evaluating charges, performance history, and goal compatibility, every aspect plays a crucial role. This guide will help you identify good ULIP plans, understand ULIP benefits, and choose the most suitable ULIP plan for your needs. Let’s dive into the key factors to consider.