Ulip is a costly investment product with a number of charges. The different types and amount of charges can affect your net investment amount. However, if you are looking to remain invested for a longer period, say 10-20 years, a ulip can be considered, especially after the recent regulator’s cap on charges or else stick to good diversified mutual funds. You have not mentioned any particular scheme of Kotak Life Insurance, so we cannot compare it with other plans in the market. Moreover, a company’s performance cannot be based upon that of a single plan.