ULIP in India: A Good Concept or SCAM? -Part 2

ULIP in India: A Good Concept or SCAM? -Part 2

In the previous article, ULIP in India: A Good Concept or SCAM? (Part 1), we all understood how ULIP & various other traditional insurance plans became popular in India. Which directed us towards a question “What’s wrong with ULIP?” or “If ULIP was a good...
ULIP in India: A Good Concept or SCAM? -Part 1

ULIP in India: A Good Concept or SCAM? -Part 1

Unit linked insurance plans (ULIPs) & Money-back plans are very popular in India, knowingly or unknowingly most of us have invested our hard-earned money in these financial products. They appear to be highly beneficial & simple for an investor. Today, through...
Endowment & Moneyback policy

Endowment & Moneyback policy

Endowment & Moneyback policy are hybrid insurance product which also provides saving opportunity along with risk-cover to the insured or policy holder. It is also known as NON-ULIP plan or traditional life insurance plans.An endowment policy is a...
Should you purchase Term Insurance plan?

Should you purchase Term Insurance plan?

Mr. Rahul, had invested in endowment plans, which he believed was sufficient enough to provide optimal insurance cover and a yield an investment return. He was paying a premium of ₹52,392 every year for an endowment policy having a sum assured of ₹15 lakh. The policy...