ULIP Plan: Invest in Unit Linked Insurance Plans in India
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ULIP Plan: Invest in Unit Linked Insurance Plans in India
10 months ago
canarahsbclife.com
The most missold financial product in India is perhaps ULIPs. This cute-sounding name basically means a combination of mutual fund and insurance. This product has been created to easily sell insurance products to senior citizens and bank-going adults. Next time you visit a bank, I'm sure you'll find a bank employee trying to sell one of these toxic products to a senior citizen. Why am I blabbering so much about this? Here are the reasons- 🔹The effective expense ratio for ULIPs is close to 2.5%-
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