A unit-linked insurance plan (ULIP) is a hybrid insurance product that combines insurance coverage with investment opportunities. In ULIPs, part of the premium goes towards insurance while the remainder is invested in selected funds, offering both protection and potential returns. The Max Life Fast Track Plan is highlighted as a beneficial ULIP example, which enables fund selection and quick accumulation of returns.

1. Unit-Linked Insurance Plan (ULIP)
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2. What’s a
ULIP and
How does it
work?
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• A Unit-Linked Insurance Plan or a ULIP is a hybrid type of plan offered
by insurance companies that gives you the benefit of both Insurance
as well as Investments.
• In a ULIP, a part of the premium that you pay is allocated towards
insurance and the remaining is utilized for investment in funds
available within the plan.
• In this way, ULIP gives you both insurance cover as well as returns on
investment through a singular medium.
• Max Life Fast Track Plan by Axis Bank is a good example of a ULIP
where you get to select from six funds and shorter payment terms for
quicker accumulation of returns through investment along with the
insurance cover.

3. Types of
Funds
under ULIP
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4. Risk Return
Graph
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5. Special
Features of
ULIPs
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6. ULIP –
Charges
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When selecting a ULIP, understand all the charges involved like fund
management fee, premium allocation fee, surrender charges,
administration and service charges.

7. THANK YOU
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