Invest your money in ULIP when Sensex is very low and it has lot of charges collected during investment entry load through brokers, during preclose exit load etc., for insurance they cut some money and these ulip covers life for only certain period of time. When sensex is downwards lot of amount is debited as fund charges and commission of agent, banker etc., Instead you can directly invest your money in High growth company and earn handsome after some time
ULIP is waste just because the charges in the intially year are so huge say(20%-to50%) and their on some charges
so the better will be take pure term and invest either in mutual fund or buy nifty bees or jr bees or put it into large cap.
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