I just cant see any reason to recommend ULIPs considering its horrible both as investment and protection. you barely get 5x(or at best 10x) as sum assured plus fees are so exorbitant that you lose money as investment. Unfortunately both myself and my wife had bought ULIP products without analyzing them and both have lost money despite being open for several years. I have thankfully made the call to close all of them and live with the loss instead of losing any more money.