In this edition of Money Money Money, CNBC-TV18 puts the spotlight on Unit Linked Insurance Plans or ULIPs. Is it worth your while to put your money in a product that offers insurance and investment together or should you be opting for separate insurance and investment tools? To discuss this, Surabhi Upadhyay spoke to Manoj Nagpal, managing director and chief executive officer of Outlook Asia Capital.
Nagpal said, "In the initial part of the phase from 2004 to almost 2012, ULIPs were a badly constructed product in India, the charges were extremely high, investors were going in a direction where the number of charges they used to pay would be as high as 70 percent of the premium paid. That obviously led to a lot of misspelling in the industry and that was the time when ULIPs got a very bad name. The regulator took note of this around 2012 and came out with new ULIP guidelines in 2013."