ULIP what to avoid a 100%

ULIPs are making a comeback. There are now lots of companies launching ULIPs in the market .

Earlier getting into ULIPs was a complete no no.. however recently even the financials advisors are coming back and saying that we should look to invest in them. Here are the reasons why.

1. These are long term funds so the investing style is always more long term.

2. The load % has come down significantly back to where the mutual funds are there
3. One can easily shift from one type of fund to another

While all of the above is good.. I for example had bought the birla sunlife platinum plus and it has been a complete failure...

After 10 years the amount that I have got is less than two times! Basically even less than the fd returns.

Now when I look at this.. the reason I see is that the company knows they need to give a min return and they need to give at the min the highest NAV that the fund would have reached.

So basically they have been extra extra conservative.. they have done nothing from an investment point of view to ensure they are protected .. let the customer go to hell!

1 they don't have the option of changing the funds.. it is one fund only
2. The highest NAV is a demotivator for them...

Avoid companies like this.. birla sunlife is clearly a wrong company with lack of integrity

Avoid ULIPs with the points above..

Learn from others mistakes... That's simplefinancialsense