Insurance against Ulips

Here's the real truth about unit-linked insurance products or Ulips, from an insurance aggregator himself. "Insurance products are not sellable without mis-selling." If an insurance agent tells the truth about insurance-cum-investment products [that they give returns lower than at-par products] no one will buy them, he adds. He was talking on the recent case of mis-selling where SBI Life Insurance's unit-linked insurance plan Unit Plus II saw a senior policyholder's investment of Rs 50,000 over five years shrink to Rs 248. And finally he said, "I don't advocate these products at all."