Insurance Concepts: Life Insurance Terminology of ULIP products August 22, 2011 Bimabazaar- Adminstrator 1588 Views 0 Comments glossary ULIP, IRDA ULIP Guidelines, terminology ULIP Terminology1. Sum Assured: Sum assured is the guaranteed amount, net of permissible partial withdrawals (as per para 1.3.1 & 8.2), Read more