You need to look at the performance of the funds offered in the Ulip said Amitabh Chaudhry, MD and CEO, HDFC Life. However, the fund performance will also depend upon the fund composition; for instance, debt funds will usually have lower but consistent returns as compared to equity funds. Also, the fund chosen to invest in should suit your risk profile. This will determine if you want to invest in high-risk high-return equity funds or debt funds with secure returns or a balance of both equity and debt funds. You also need to look into the total charges applicable in the product.