Investment to Avoid | Part 2 | ULIPs | Unit Linked Insurance Plan | Malayalam
Rewrite Investment to Avoid | Part 2 | ULIPs | Unit Linked Insurance Plan
Again a hot take from my side, but this is one of the worst investments you could make with your hard-earned money. This is a market-linked insurance/investment product which is neither a good insurance product nor an investment product. These will not give you enough life cover or enough returns for your investments because most of the money you pay as a premium goes as different charges like, mortality charges, premium allocation charges, administration charges, and commissions.
This product is being pushed by banks and insurance agents only because of the hefty commissions they payout to these distributors.
My take, just look at the math, ULIPs aint it.
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