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How cap on ULIP charges would affect the returns on Life Insurance Policy

IRDA has put a cap on charges assosiated with unit linked insurance plan which use to consume a large amount of the insurance premium.
Investor stand to benefit as reduction in expenses mean higher available corpus for investment. Here is an illustration which quantifies the benefit.
Old Method
Arun, 29 years, has bought an ULIP with tenure of [...]
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