Insurance agents are not mis selling the ULIP products. While taking a ULIP policy, policy holders are illeterate to take the ULIP policy? When compared to convention plans (Endowment and Money back plans) the ULIP policy commission is very less. Added to that not only agent is getting commission the development officers also getting commissions that to some ULIP policy (Fortune Plus) the commission is 30% given to development officers and agents getting 6% commission only. Every insurance company has its own overheads i.e. office expenses, staff salary etc. Don't blame insurance companees fooling the public. Think possitive way.
