Hi All,
I find this forum very useful; especially for novices like me.
Recently a financial advisor from DBS Chola recommended and got me two Kotak Smart Advantage ULIPs (for me and my wife) instead of a pure term plan. He mentioned that the returns might not be too high but the coverage is about 100 times the annual premium.
I was wondering if this is the right thing to do i.e. have a ULIP in place of a pure term plan. Any advise on this regard is most appreciated.
Thanks in advance,
Rajiv
I find this forum very useful; especially for novices like me.
Recently a financial advisor from DBS Chola recommended and got me two Kotak Smart Advantage ULIPs (for me and my wife) instead of a pure term plan. He mentioned that the returns might not be too high but the coverage is about 100 times the annual premium.
I was wondering if this is the right thing to do i.e. have a ULIP in place of a pure term plan. Any advise on this regard is most appreciated.
Thanks in advance,
Rajiv