ULIP policies always seem to be the buzz in life insurance. Probably the Agents get the maximum commission on them. You can not imagine how far an agent will go mis-stating or abusing the ULIP policies.
I asked for Term Insurance but I was offered ULIP with the promise that you can withdraw amount whatever is the UNIT FUND VALUE at the end of 3 years. Whereas the reality is that there is more than 50% early redemption charges - so if your fund value is 50, 000 rupees you will get only 25, 000 back.
And to add to that, the CHARGES that have been levied till now are more than 3 times the regular TERM insurance to cover the risk. The person selling this insurance are CRIMINALS and we poor guys can do nothing because the companies are not accountable to this MIS-SELLING or CHEATING. So whoever is reading this review, kindly think twice - try the TERM INSURANCE POLICY and make your investments elsewhere.