Loan against insurance policies is a good option in case funds are required in an emergency situation and can be a better alternative to a personal loan or a credit card loan or asking friends/relatives for financial help. But are they always a good idea?
Did you know the Insurance Regulatory and Development Authority of India (IRDAI) mandates all life insurance companies to provide a 'Benefit Illustration' (BI) to the prospective buyers of unit linked insurance plans (Ulips).
Indian markets have evolved considerably post-liberalization and so have options for investors. Thinking beyond the obvious in terms of investment options can be just what you need to maximize returns.