Indian insurance companies clocked slower growth in ULIP - Unit Linked Insurance Policies in 2007-2008. An article in Hindu by Radhika Menon shows that the contribution of unit linked plans has fallen in terms of premium as well as policies for LIC and ICICI prudential. LIC's growth fell from 118 percent to 5.8 percent while ICICI prudential's growth fell from 99 to 58 percent.