ULIPS OR MUTUAL FUND

ULIPS are best suited for those who seek insurance cover. If a person is not interested in "Insurance" and is mainly interested in "Investing", then he is better of investing in "Mutual Funds". This will help him avoid unnecessarily paying the "Mortality Charges" associated with ULIPs. You might run across insurance agents who might project ULIPS as a very good avenue for investment based on the last two to three year returns. But before you fall into the trap of an insurance agent, always ask yourself "Do you need Insurance Cover". Invest in ULIPS only if the answer to the above question is "YES". ULIPS are a good avenue for investment ONLY for those who also seek "Insurance Cover".