Bundling
Market basicsCombining protection and investment into a single product, typically to the buyer’s disadvantage.
In plain terms
The combo meal of finance. Unbundled, the same money buys far more cover and a far better investment.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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ULIP
Market basicsUnit Linked Insurance Plan — a product bundling market-linked investment with a small amount of life cover.
In plain terms
A costly mutual fund with a little insurance attached. Both parts are worse than buying them separately.