ULIPs or Unit Linked Insurance Plans are safe instruments given a long-term investment horizon. You can choose to invest in low-risk debt funds, high-risk equity funds, or a mix of both as per your risk appetite. You can track your investments from time to time and switch between the funds as per your requirements. You can also withdraw money from the plan as per your requirements after the lock-in period of five years. These features provide you the necessary flexibility and make ULIPs safe to invest in.