Since their launch, Unit Linked Insurance Plans (ULIP) have been a complete rage; but that's not the case now. This year, thanks to the slowdown, insurers are seeing lower premium income compared to last year. So to maintain the spark in ULIPs, insurance companies are trying to entice buyers by offering guaranteed returns on ULIPs.
ULIP is a combination of plain life cover with a component of investment.
http://www.ibnlive.com/news/ulip-hoax-make-rs-6-lakh-in-six-years/79544-7.html
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