Please beware of Bajaj Allianz ULIP Products. Some smart agent will sell you one of these policies, for which you pay a handsome amount.
In case, you fail to pay subsequent amounts, your 1st amount will be forfeited, claiming that this is administrative charges. In our case 50, 000 Rs for 1 year cover of 2.5L.Outrageous! and Day light Robbery!