It is similar to Jeevan Chhaya plan if it is mixed with Profit Plan, but the advantage is that the minimum term is 5 years whereas in Jeevan Chhaya, minimum term is 18 years. This plan is suitable for person who want to provide funds for children’s education/marriage and other needs. This plan will cater to the needs of wide range of age group of children.

The product structure ULIP and Mutual funds In terms of product structure, excluding risk coverage there is only a small difference between ULIP schemes and a Mutual fund scheme. Both market linked for returns, and they will both carry market risk. Based on the investor’s selected stock performance, his returns will reflect