India, Oct. 4 -- A Ulip plan folds life insurance together with market-linked investment. You can move the money around as the years go on. Fund switching is how you shift the accumulated value from one fund option to another and leave the policy intact. You do not have to surrender it.

Use that when your priorities have actually changed. A jumpy week on the screen is a weak reason on its own.

How Fund Switching Works in a ULIP Plan

A Ulip plan allows policyholders to move their investment from one fund to another within the same policy. The cover does not get rewritten. Allocation does.

Insurers differ. Some give you a set number of free switches in a year. After that, a nominal charge tends to apply.

Common fund options include:

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