While investing for long-term financial goals—such as children's education, buying a large home or building sufficient funds for retirement—the biggest question is often where to invest money for the possibility of better growth.

In Bandhan Life's ULIPs, investors may get an opportunity to invest in Large Cap, Mid Cap and Small Cap companies through a single portfolio. According to the company, this option provides the facility to keep investments across different market segments together.

A key feature of this product is that the investment is available at a ₹10 NAV. However, future earnings from any investment product cannot be estimated merely by looking at its initial NAV. Returns on market-linked investments are not guaranteed, and the risk may vary depending on the investment option.

Before choosing a ULIP for long-term goals, investors need to carefully understand the policy's costs, lock-in period, fund options, risks, insurance coverage and withdrawal-related rules.

Any investment decision should be based on one's financial needs and risk-taking capacity.