Difference Between Traditional Policies and ULIPS

Difference Between Traditional Policies and ULIPS :-

Traditional Policies	ULIPS
Risk is minimum	Risk is Maximum, it purely depends on market
Invests upto 85% of our premium in bands and can get standard returns.	Can get more profits or returns
In this if once invested cannot be changed	In this if once invested cannot be changed
We are not responsible for the investments done in company on behalf of us. It is soley their discretion	We can guide, where to invest our premium amount. We can select the fields, and branches  and shares.
They can invests on their own with their own decision.	Companies invest maximum amount in Equity/diet markets
Here we don’t know the exact charges. They are bound to be changed from time to time within policy term	Charges are same through out the term.
We can take loan from the policy	We can get returns from 3 years of investment
In this customers doesn’t know exact charges incurred.	We can know the exact charges that has been incurred.
Premium term cannot be increased	Premium term can be increased
ULIPS = INSURANCES(LIFE) + INVESTMENTS(MUTUAL FUNDS)