Why DITTO doesn't recommend ULIP | Unit Linked Insurance Plan Vs Mutual Fund + Term Insurance

You might have considered purchasing ULIP as an insurance product. Hear Ajay and Shashank discuss why it's not the best idea to opt for ULIPs. In this video, they break down both options to help you make an informed decision.

In this video, we cover

1. What are ULIPs? - Understand the structure and drawbacks.
2. Mutual Funds + Term Insurance - Explore why combining these might be a smarter choice.
3. Performance Comparison - Real-life examples and case studies.

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Have any questions or need further clarification? Drop a comment below, and our team will be happy to assist you!

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Happy Insurance Hunting!

[trnswamy]

Agree that ulip is not a good product from insurance point of view. But once you have adequate insurance cover, you could consider ulip. Also for non salaried individuals, term plan is mostly denied. In such cases ulip makes sense. What do you say?

[gethacked]

I have one ULIP plan which has a monthly premium of 5000rs and give life cover of 33 lakhs and also it has premium waiver and also accidental death benefit and I have it in limited pay for 5 years and maturity of 20 years this is win win situation for me if anything happens to me my family get life cover returns and also after 20 years investment plus returns of investment at market rate and plus if nothing happens to me I will get the investment and returns after 20 years tax free

[himanshi]

What about the 12.5 percent tax paid on maturity for mutual funds vs tax benefits on ulips?

[arungulati]

What about the tax benefits (for premium less than 2.5 lakhs a year), there is no LTCG..

[BBBlue-cw]

I've been paying premiums(5k pm) for a ULIP plan for the last two years, the coverage of which is just 7.5L plus a guaranteed return (5k pm for 20 years after 12 years of premium payments). I was financially dumb and my financial advisor advised me on this, I'm unhappy and plan on taking a term insurance. 

So my question is, should I just surrender the ULIP(will receive about 35k), take a proper term insurance and invest the remaining amount or should I take a lesser covered term insurance without surrendering the ULIP? Both of them together would be a financial burden.

[AmitSharma-kdrj]

I am amazed to see that Ditto is more focused towards educating people....

First time I am witnessing a mediator company is so much customer centric, looking forward to purchase a policy soon from them

[imvk]

First of all i have term policy of 2crs. Now max life wealth advantage plan is offering Ulip based on Nifty 500 momentum 50 index, its 10 year CAGR is around 25 per and what we get return is tax free .Can you throw some light on it, Am I missing any thing ??

[ObiWanakin]

Is term insurance worth it in case of a working couple?

[frankodas]

Hdfc life smart protect plan offers 100x coverage. I am 39 year old and has taken this product with a premium of 5.4k per month for 12 years. My SA is 1.5cr including riders and coverage till my age @75. How about this product? Hope you will comment...

[HeisRavi]

Because doesn't sell ULIP
It's as simple as that

[hemilgaitonde]

Important aspect he missed Tax benefit on returns which your so called mutual fund doesn't provide..
Thank me later ditto... Just because your maybe your plans are not performing good doesn't mean all ulips are not worth.. Customer have double money in 7-8yrs in different years lol