One should never mix insurance and investment and stay away from "investing" in any of the product offered by insurance companies
The advantage of PLI is that they offer the products at relatively cheaper premium with high bonus rates
Insurance in its purest form is protection against the risks due to certain but unpredictable events that have an adverse effect on the financial stan
The best part is you can pick investments according to your risk appetite
According to Khosla, if the complicated products of life insurance seem intimidating, an individual should opt for a basic term insurance
He said Ulips still continue to be a tax efficient asset class for small investors.