What about ULIPs?* Think of a ULIP (unit-linked insurance plan) as a mutual fund with a crust of insurance on top of it. ULIPs used to be really toxic products till 2010 but since then have become much better in terms of costs. But they still have problems of poor portfolio disclosure and lack of portability, making them not such great vehicles for investment. I prefer to unbundle my investment from my insurance, and stay with a large term plan for my life insurance needs, and buy mutual funds for my investment.
