Ulips yield lower returns than a combination of a simple term cover and a basket of equivalent mutual funds that together commits the same lump sum…Risk profile doesn't matter…
Term covers have nominal commissions and so do mutuals. Much more money is therefore, actually invested. Second, there's no “either/or”. In the event of the death of the holder of a term cover who also holds a fund portfolio, the nominee receives both the policy payout and inherits the portfolio.
None of these Ulip details are concealed as such. It is written there in black and white on the agreements you sign. You can easily do the maths on the term cover…However, it is not in salesmen's interest to point it out and they don't.
The mistake people make is to confuse insurance with investment. Insurance is a bet you want to lose. Investment is a bet you want to win. Two entirely separate intentions. Use two different instruments.
# I have a flawed and incomplete understanding of what it feels like to work for me.
# My success — and that of my people — depends largely on being the master of obvious and mundane things, not on magical, obscure, or breakthrough ideas or methods.
# One of the most important, and most difficult, parts of my job is to strike the delicate balance between being too assertive and not assertive enough.
# My job is to serve as a human shield…
# I strive to be confident enough to convince people that I am in charge, but humble enough to realize that I am often going to be wrong.
# I aim to fight as if I am right, and listen as if I am wrong…
# One of the best tests of my leadership…is "what happens after people make a mistake?"
# How I do things is as important as what I do.
# Because I wield power over others, I am at great risk of acting like an insensitive jerk — and not realizing it.
the best bosses are people who realize that they are prone to suffering blind spots about themselves, their colleagues, and problems in the organization — and who work doggedly to overcome them.