Zerodha's Nithin Kamath on Monday argued that ULIPs (Unit-Linked Insurance Plans) are not a good idea if investors want to get a piece of both the worlds of investments and insurance.
ULIPs are financial products that combine the benefits of both insurance and investment. When investing in a ULIP, a portion of the premium goes towards providing life insurance coverage while the remaining amount is invested in equity, debt, or a combination of both, based on the risk appetite.
