It’s a sham! How to spot the Ulips sold as mutual funds
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said insurance and investment should not be mixed, noting that ULIP cover is usually about ten times the premium, so adequate cover through one would take a person's entire annual income as premium.
More of Abhishek's views on insurance
A Mint report on unit-linked insurance plans marketed in mutual fund language, such as new fund offerings and NAVs. It explains how ULIPs differ from mutual funds on charges, lock-in, exits and life cover, with cases of buyers who were caught out.
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It’s a sham! How to spot the Ulips sold as mutual funds
