New ULIPs: How they Fare ...

LIC's Unit-Linked plans seems to be the clear winner out of the fresh ULIPs launched by insurers after the regulatory body came up with guidelines pertaining to ULIPs in terms of cost structure, surrender charges, provision of guaranteed returns in pension ULIPs, etc.

LIC seems to be the only insurance company to have launched a pension scheme apart from ICICI Prudential. But the pension scheme of ICICI is a one-time investment scheme & hence aruguement sake it cannot be called as a pension plan @ all as it does not serve the purpose of regular savings for retirement.