The ULIP trap: Inside India’s most mis-sold financial product
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar said ULIPs remain heavily mis-sold, with banks pushing them for high commissions and often presenting them as mutual funds. He explained that their many charges weigh on long-term outcomes and said they suit only a narrow set of investors.
More of Abhishek's views on insurance
The first part of a series on unit-linked insurance plans, the article explains how they blend life cover with market investments and why they remain widely mis-sold. It covers their layered charges, five-year lock-in, regulator directions on disclosure, and the narrow group of buyers for whom they may fit.
Publisher source
The ULIP trap: Inside India’s most mis-sold financial product