An ILP is a life insurance policy that not only provides protection but allows you to invest in unit trust funds.
An ILP, on the other hand, combines insurance protection with investment in unit trust funds. It offers protection against the risk of death, as well as opportunities for your financial needs or those of your loved ones should something happen to you. This type of insurance also allows policyholders to mix and match different types of coverage such as death, disability, illness, accident, and hospitalisation with unit trust funds from the insurer, providing potential benefits for those seeking a tailored insurance policy that aligns with their risk tolerance.the remaining put into various investment funds.1. Ability to add more protection