Unit-linked insurance plans (Ulips) have been in the news ever since the Budget reintroduced long-term capital gains tax on equity investments. In the meantime, life insurers have carried out course correction–on the insistence of the insurance regulator–and removed some of the shortcomings that nearly drove Ulips to extinction. Should investors be interested?
The cost advantage
The poor reputation of earlier Ulips had much to do with the high commissions paid to d ..