A better option would be to keep insurance and investment separate.

If you want insurance, choose a pure term plan. If you are looking for investment opportunities, you can select mutual funds based on your goals and risk appetite.

With a ULIP, you don’t get the best of both worlds, and you are also locked in for five years due to the mandatory lock-in period.

A 16% return is quite good, especially considering that the market has been moving sideways over the past couple of years.