Should You Buy AEGON iINVEST INSURANCE PLAN?
I have not been a great admirer
of market linked Insurance Plans, popularly known as ULIPs, primarily
because of the amount of premium allocation being done by most insurance
companies towards buying the units of the Unit Linked Plans.
In most of the old ULIP plans
buyers have paid hefty percentage of their premium towards commission and
marketing resulting in fewer unit purchased and thus poor return on their
invested capital over the period. This happened primarily because of lighter
regulation and less awareness about the product. Agents promised hefty returns
and buyers in general didn’t question how? But with increased awareness and
much tighter regulation these days, one can again look at some ULIP plans from
trusted insurance companies which are offering even 100% allocation.
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