Are you aware of the charges in plain term plan and even on your mutual fund investment???
Also, if you think agents of Insurance companies get hefty commisions on selling ULIPs, try and become and agent of any insurance company and check out the commision structure of ULIPs vis-a-vis that of endowments.
Its high time that we as customers understand that ULIPs are one of the best innovations to the insurance product line.
Not only India these plans are globally well accepted. Now dont tell me that only we Indians are smart and rest of globe are fools.
