Aviva Freedom Life Advantage Plan - is the right choice for me?

[Expert]

I am 32 year old executive. I have recently purchased Aviva Freedom Life Advantage Plan for Rs.25,000/- annual premium for 20 years. I am still in doubt if this is the right choice for ULIP. Please help me and guide me about ULIPs.

First insurance you always buy is term insurance . Be very careful of ULIPs and other schemes and understand the return to risk cover before purchasing . The insurance saleman will always try to sell a non- term insurance , but its always better to buy term insurance and Mutual fund rather than just a non term money back insurance scheme.