There is a huge push and boom in the rate of ULIP's being purchased by Indians. How many people know what ULIP's actually are and what is the purpose of having them in their portfolio? Do they actually need it (or) Is that being pushed by agents? Does that help them to acheive their goals. It is very important to understand these basic things before making a decision to purchase ULIP's.
Click on this link to download a booklet to know more about this Insurance instrument. Its advantages, disadvantages and more.... Trust me you will thank me after reading it.