Life is very uncertain and you cannot predict your tomorrow. That is why it is important that you buy an insurance cover and also invest somewhere at the same time to fulfill the future requirements. Unit linked insurance plan is the combination of insurance and investment. ULIPS have dual benefits. In ULIPs, the money that is paid by the policyholder is partially invested in equity, debt, and money market securities. The remaining amount is used to provide the life cover to the policyholder. It is one of the best investment options present in the market. ULIP helps to create wealth in the future. It is a long-term investment so it should be made wisely after considering various important factors. It is the best investment choice for the young investors. When people start earning, it is possible for them to save money from their income for the future requirements. These days, you can easily buy a ULIP plan via online medium with just a few taps.