Everyone would like to hit two birds with one shot. That’s exactly what Unit Linked Insurance Plans (ULIPs) have been created to deliver.
ULIPs are designed to provide us the privilege of protection as well as growth in a single investment. In spite of this benefit that ULIPs provide, there is a widespread resentment about investment in these plans.
The major reason for this bitterness and dislike to investment in ULIPs is the high cost involved with it. The high premium allocation, policy administration and fund management charges are what discourage people to invest in these plans.Read More →