WHAT DO WE KNOW ABOUT ULIP?

ULIP (Unit linked Insurance plans) is a new generation Insurance product. It has been designed to remove the various difficulties and inconveniences that an investor faces in traditional endowment insurance policy. As far as this is concerned ULIP is a far superior insurance plan than a traditional insurance plan. But the unfortunate part is that there is rampant misselling of ULIP. Customers are being lured with guaranteed returns & projections of very high returns. The scenario is such that one of the most respected life Insurance Company had to warn the prospective investors by inserting an advertisement in the print media with prominent heading that reads as

"ULIPs CANNOT GUARANTEE RETURNS. PLEASE READ THE RISK FACTORS BEFORE INVESTING"

Message of the above advertisement is very clear. ULIP is not a guaranteed return product; its returns are market linked. ULIP however is feature rich and expense rich product. It is therefore important to understand its various features, how these features can be utilized to our benefit and various expenses correctly. It is up to us to optimize our overall returns from ULIP by selecting right fund options and using its various features to our benefit. It pays to learn them correctly. Read this book to learn them.

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