I have come across Birla Sunlife insurance Platinum Plus plan which has been launched recently. Minimum premium is 100000 per annum and they claim that the only charge is 10 % in the first year along with some 4 % mortality charge and 4 % charge during next years. The returns will be based on the maximum fund value prevailing on the 15 of each month continued till seven years that is the maximum fund value on any of these reset dates (i.e 15 of a month).
The total period is 7 years. The agent has claimed that it is going to give better returns than any mutual fund. In case I want to withdraw after 3 years then existing fund value on that date will be given. I think it is a good ULIP as compared to other products and suggest a look over it. Comments from people will also serve as a guide to new investors like me. The insurance cover is only 5 times the premium. (other details can be seen from their website).