Are Ulips bad products for long-term saving?
If customers still lose money in a Ulip, the reason is not disclosure or non-disclosure of charges, but staying the policy term, paying the committed premium, and also the underlying fund performing well
Unit-linked insurance plans (Ulips) are long-term savings products with life insurance. However, judging from the perception that people have about the product, it is seen as the evil empire. As the chief executive officer of a life insurance company, I can defend the product, but for now I will step back and look at the evolution of life insurance products as a whole over the past three decades. I will look at the emergence of Ulips, and then evaluate the question: are Ulips bad products?