Recently
launched Ulips have very low charges. Find out why you should buy these
insurance-cum-investment plans now
They
were once the most bought financial product. Then Ulips became the most reviled
investment, forcing a string of reformatory measures. Now these
investment-cum-insurance plans have changed once again to become a low-cost
investment option. In fact, some of the Ulips introduced in recent months are
cheaper than the direct plans of mutual funds.
We
won't be surprised if this evokes an angry response from readers. Ulip became a
four-letter word due to the high charges levied by insurance companies and rampant
mis-selling by distributors. In some cases, the charges were as high as 80% of
the first year's premium. Distributors lured gullible investors by not
revealing the high charges and showcasing only the returns offered by the
market-linked product.
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