Personal accident insurance offers coverage from death, disability arising out of accident. At a very low premium it offers wide cover. At 28, Roy was amongst the most meticulous planner that I had met. He had a good career going for him, completing the picture were his beautiful wife and a little daughter, who he adored. Being a family man, he had taken a family floater health insurance cover for his family and a term insurance plan. Armed with both these financial products, he thought that he had managed to secure his family's future even if something untoward were to happen to him.
ULIPs cannot be advertised as investment product: IRDAI
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