are ulips high risk 
broadly speaking ulips do have an investment component that subjects them to the risk of loss of investment capital ulips often allow an investor to select from a variety of equity and debt instruments so the underlying risk of the plan does hinge on the investments selected and subsequent market performance can i break a ulip before maturity you may be able to break a ulip before it matures often before the designated 5 year lock in period be mindful that they may and likely will be penalty charges and tax implications on the surrender value received when the ulip is broken 