IEMS Journal of Management Research
Vol 3. No.1 July-Dec 2013 ISSN 2249-569X
INSURANCE AS A RISK COVER (TERM PLAN) OR INVESTMENT ALTERNATIVE (ULIP)
Abstract: This article focuses on the concept of Term Plan and Unit linked plan and compares the two alternatives to find out is it wise to treat insurance as Risk cover cum investment alternative or as purely risk cover financial product, keeping it separate from investment alternative and also to find out which one option works out to be better decision for an individual.