ULIPs in the current avatar are a far better bet compared to traditional plans for a variety of reasons. Let me list a few of them below and suggest why they may be suitable to a lot of people. I will also attempt to compare some of the features with traditional plans and hence the relative suitability for individuals.
Overall, if a person has an investment horizon of 10 years, ULIPs are much better than traditional plans.
Deepak is the CEO & Founder of MyInsuranceClub, India’s 1st IRDA Approved Insurance Comparison site. He spends considerable amount of time trying to simplify insurance and make it easy to understand buy. He loves simple insurance products and is a big proponent of online insurance!View Complete Profile
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