Good news for those who want to invest in ULIP !

It is learnt that the Load Charges on Unit Linked Insurance Plans (popularly known as ULIP) is set to go after April 2010.

Currently an investor is charged upto 40% of the invested amount in the first year of inverstment and only the balance 60% is invested in his name. This load is being used to pay the commission to the broker/agents.

In a move to increase the returns to the investors, increase the insurance cover base and to prevent the mis-selling the financial products, the High-Level Committee on Financial Matters (HLCFM), has recommened to remove the load charges.

This is a good move and if it happens, a spate of investors will be moving towards the ULIP for investment and wealth creation.

So, wait for the good news !!!



bullionsInvestor on Nov 15, 2009, 6:20:00 PM said...
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