The Great ULIP Mis-Sell: What They Don't Tell You
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained the charges built into these plans, including premium allocation, fund management, administration and mortality costs, and pointed to high agent commissions and a focus on tax benefits as reasons people buy them.
More of Abhishek's views on insurance
The article explains why unit-linked insurance plans are often mis-sold. It covers their layered charges, five-year lock-in and complex structure, and how convenience, tax pitches and high agent commissions draw buyers who later find the product hard to exit.
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The Great ULIP Mis-Sell: What They Don't Tell You