ULIPs offer the benefits of both insurance and investment.

ULIP allows investing in bonds and stocks.

You can invest in mutual funds through SIP on a monthly, quarterly or yearly basis.

Investing in SIP can start from as low as Rs 500.

Death benefit is paid in ULIP

Death benefit is not available in SIP

In technical and financial management, ULIP is a good option.

SIP does not provide double benefit.

Fund management charges are 1.35% in ULIP and 2.50% in SIP