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Previous
Part - V
Conclusions
Unit Linked products are finally products of choice. If you feel equipped to manage your investments on your own or are not comfortable with long lock-ins or you can't make the most of these tax breaks, you may be better off investing elsewhere after securing your life insurance needs.
1. There is a great need to disclose the risk involved in the schemes properly to the investor/insurance seeker by the insurance/investment companies.
2. The Insurance Regulatory and Development Authority has to issue set of guidelines on ULIP policies offered in the market.
3. The charges in the initial years should be brought down.
4. The high returns (above 20 per cent) are definitely not sustainable over a long term, as they have been generated during the biggest bull Run in recent stock market.
5. Investors/Insurance seeker has to take switching charges into consideration as they have a long-term implication on the returns generated.
Concluded.
* Contributed by -
A.Sathish Kumar,
Asst. Professor,
Vivekananda PG College,
Karimnagar (AP).
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