The ULIP is a market based product which is the combination of insurance and investment. This double benefit along with the plasticity offered by ULIPs makes them an attractive investment avenue. The premium you pay in ULIPs is contributed in debt and equity instruments, which interpret into considerable returns over a period of time. ULIPs are best classified on the basis of purpose they serve.-1)ULIP for retirement - In this plan, you pay the premium during your employment tenure. This build up a corpus amount and is used to offer you in allowances after you retire.2]ULIP for wealth creation - This plan's objective is to multiply wealth over a period of time. In this case of the best ulips is offered by BSLI in plans like Wealth Max Plan, Wealth Secure Plan, Wealth Assure Plan, Fortune Elite Plan, etc. For details check the website.