One of ICICI direct relationship person is trying to convince me for ICICI Wealth Elite II. However, I am clear in my thoughts that each plan should be specific to need (term plan for insurance, for investment either SIPs etc.). He gave the reasoning of forced saving habit and lower charges in case of this ULIP. Even if charges are lower (but not NIL) then also why someone should mix insurance and investment.
I already have couple of ULIPs which I bought at the start of career and now I am continuing with them as 5 years have elapsed.
So please suggest is it a correct decision or should I reconsider my decision?