Overview ULIPs vs Mutual Funds: Which Offers Better Returns? ULIPs (Unit Linked Insurance Plans) combine insurance and investment, while mutual funds focus purely on wealth creation. In general, mutual funds offer better short- to medium-term returns due to lower charges and dedicated fund management. However, ULIPs provide tax benefits and life cover, making them suitable […]
Articles Tagged: ulips
Discard these insurance plans
Published in Mint on Dec 05 2016, Written by Kapil Mehta Insurances can become irrelevant because of product improvements, lower current cost, change in laws or even lack of expected change in laws. Friends often send me their insurance portfolios to review. As I browse through the dusty files there are many insurances that are […]
Go to the insurance ombudsman to complain about policy mis-selling
Published in Mint on Oct 13 2016, Written by Abhishek Bondia I was promised double returns with additional benefits after 3 years, over the phone, while buying an insurance policy. But when I asked for the returns after 3 years, the company denied it as the documents I had signed did not promise it. They […]
Life insurers selling policies that die early
Published in Mint on Apr 19 2016 What are the chances that a poorly understood and badly sold life insurance policy will run its course? Pretty slim, according to the life insurance industry experience in India. Poor selling practices—long-term policies being sold as short-term policies, lack of communication of policy benefits, poor understanding of costs, […]
Look at costs when index-linked insurance products are revived
Published in Livemint The Insurance Regulatory and Development Authority of India (Irdai) stated in a circular last week the formation of a working group to examine various aspects of index-linked insurance products (Ilips) that may be offered by life insurers. Ilips are not new in life insurance companies’ arsenal. Before 2013—when the regulator banned the […]