Zerodha’s Nithin Kamath flags ULIP, endowment traps; says health policies remain complex

Nithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans despite ample information. He notes a lack of innovation in these financial missteps, where insurance and investments are wrongly combined. While health insurance faces complexities, Kamath argues these bundled products are easier to scrutinize, making poor choices harder to excuse.