The valuation of ULIP is another thing which you need to know along with different areas in which Actuaries work.
The contributor of the project is Anmol Kaur
ULIP as a mode of investment is a good choice given it offers the benefits of insurance with investment. With part of the investment spread across stock markets, you stand to gain higher returns. This also means that your investment is subjected to market risks. If your risk profile meets the tradeoff, this could be worth exploring.