I have been invested in an UTI ULIP for the last one year. How should I view it?
ULIPs are not good investments as you get less insurance cover and they are expensive as well. You do not get a very big insurance coverage even through this UTI ULIP.
But UTI’s ULIP is very transparent. You can bring out money whenever you want to as it is a balanced fund. Its net asset value (NAV) is published everyday.
As such, you should not look at this from the insurance point of view because UTI’s ULIP would not be able to fulfill that criteria in a comprehensive way. But from the investment point of view, it is a good conservative fund in which your money is invested and is not so expensive.