combination
by Girish Rao on Dec 07, 2007 04:57 PM
of term plan and investing in mutual funds beats any ULIP or other such products hands down. ULIP is only good for those who do not have time to invest on their own. Also avoid ULIPs from ICICI they charge very high premium allocation charges and FMC. One of my friends recently bought a ULIP from ICIC where he pays premium of 1 lakh for 3 years and the premium allocation charge for 1st year is a massive 18%.
