ULIPs

Are ULIPs just better than normal Life Insurance? I just took the details from LIC.

In first case, I took Jeevan Surabhi for 20 years with insurance for Rs 2 Lakhs. The website says that we got to pay like Rs 18000/- per year for next 15 years as premium and hence, at the end of 20 years we get Rs. 2 Lakhs plus whatever bonus is applicable say in total Rs. 4.5 Lakhs.

It seems, LIC all over the nation went crazy on March 31st with uncontrollable number of Money Plus account registrations. So, doing similar calculations with Money Plus -

• Rs. 18000 payment for 15 Years
• Complete term as 20 Years
• Returns coming at the range of 5% to 25% per year (randomly generated)

- we are essentially looking into returns of Rs. 18 Lakhs plus Rs. 1.8 Lakhs of insured sum. Quite possible and quite some good returns compared to just a Life Insurance. Agree?