Noun
ULIP (plural ULIPs)
Acronym of unit-linked insurance plan.
Policy sales dropped 17.3% y-o-y in September, while the retail APE ticket size decreased by 8.4% y-o-y, showing sluggishness in ULIP demand. Source: Internet
The additional insurance offered by Tata AIA Life will be extended to all their retail policies, including Endowment or ULIP, Term, and TROP. Source: Internet