Usually means: Investment and insurance product combined.
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We found 5 dictionaries that define the word ULIP:

General (3 matching dictionaries)
  1. Ulip: Wordnik
  2. ULIP: Dictionary.com
  3. ULIP: Wiktionary

Business (1 matching dictionary)
  1. ULIP: Investopedia

Miscellaneous (1 matching dictionary)
  1. ULIP: Acronym Finder

Definitions from Wiktionary (ULIP)

noun:  Acronym of unit-linked insurance plan.

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