This is a type of life insurance product, which allows you to use it for your investment purpose by offering you market-linked returns along with a life cover. This provides you with an option to choose from a variety of funds to invest in accordance with your preference and risk capabilities.

ULIPs involves both death and maturity benefits. These have a lock-in period of usually 5 years during which you cannot withdraw your investment making it a long-term deal.

Unlike other life insurance products, the money-back policy gives you your money back regularly over some time. A pre-decided percentage of the sum assured of the policy is paid to you at regular intervals.

A retirement plan, as the same suggests, helps you post your retirement. Retirement or a pension plan requires you to invest a certain amount in your retirement fund over time. The corpus created from regular investments is then created into a regular income stream after your retirement.

These policies involve life insurance along with a savings component. Apart from helping you save regularly, an endowment policy also offers a life cover. The savings you make over time help you build a large corpus that you receive at the maturity of the policy.

An endowment policy is risk-free as your principal value is absolutely safe.

These are the plans which provide life coverage for as long as 100 years of age. The premium is paid for a limited time and benefits are for entire life. In a whole life insurance, the death benefit will be given to your beneficiaries if you die before attaining the age of 100. If you survive till 100, then you are entitled to receive a maturity benefit.