Expense Account, Min
My phone rings. It is an uncle who has just turned 60 wanting to know if he was doing the right thing with his retirement corpus. He’d called in a neighbour’s kid for advice. The kid works in a large private sector bank. She offered a bouquet of unit-linked insurance plans (Ulips) at once. Not a single premium plan or even an annuity, but a regular premium 100% equity-oriented Ulip that would need a premium infusion each year for the next 10 years.