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ULIP stands for Unit Linked Insurance Plan. It is an investment option that provides investment and insurance to investors.

LIC stands for Life Insurance Corporation of India. LIC is an institution that provides/sells Insurance and ULIPs to citizens of India

They are both totally different.

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Q: What is the difference between ulip and lic?
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Why sebi has not given notice to lic for ulip?

Because, Operations of LIC in the ULIP space was clean and they did not have any issues that the others had


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Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.


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A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. LIC stands for Life Insurance Corporation of India. The main difference between a bank and LIC is the fact that LIC is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers (However, LIC does provide home loans)


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