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Unraveling the Complexities of Financial Products and Mis-Selling Tactics
This chapter delves deep into the realm of financial products, discussing the evolution and pitfalls of unit linked insurance plans (ULIPs) compared to traditional insurance offerings and mutual funds. It exposes the deceptive practices of mis-selling by banks and insurance companies, showcasing examples like the controversial 81 bonds and the misleading presentation of ULIPs as fixed deposits. The conversation also examines historical financial crises, investor behaviors, and the challenges faced by fund managers in meeting customer expectations.