Rajesh that is your personal opinion and you are definetely entitled to your opinion....
But I know in the long run and as a fact you all can check online that ULIP's have given a better returns than a Mutual Funds in a longer tenure...And Mind you all I said in a Longer tenure....in a shorter tenure Mutual funds are always better and will remain better for eternity....well that is the rule and no one can change that...
Different products have different charges...there can be as little as a 0% as probably in a Aviva Sachin plan but it is a 3 year only plan or a 7% for a 10 year plan in MetLife and extend upto 40% in a Birla Sun Life plan...
Depending on the tenure and the product the charges keep on changing......some have loyalty additions while some have returns more etc...
This is the crux of combining Investments with Insurance...
With many Ulips are now just 5-7 years old , we do not exactly know their returns in longer run . But we have many MFs with 10-15 year track records .
The main problem with ULIps is the mortality charges which will go high year on year . and also the charges .
Google and you will find many examples which proves Term Plan + MF is always better than ULips
Naresh
