What is a ULIP pension plan?

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ULIP or Unit Linked pension plans are market-linked pension products from life insurance companies. These offer long term retirement plans. The funds from premiums is invested in debt and equity instruments with a potential for high returns. ULIP pension plans also carry a number of annuity options and tax benefits. The charges levied depend on cover opted for. Unit linked pension plan insurance plans appeal to those with an appetite for risk and high returns.