This is what you should know about SEBI banning perhaps the worst financial product sold in India, the ULIP.

70%: Percentage of new Business Premium that came from ULIP products for most insurance companies.
5%: Average size of the insurance portion of most ULIP products. Rest of ULIP premium is used on investments and commissions.
70,000: Amount (in Rupees) paid out of Rs. 100,000 premium as commission to ULIP agent in first year. For the 2nd & 3 year it is about 4-6 %.
3%: Maximum ULIP charges permissible, after a 2009 IRDA order, fund management charges should not exceed 1.5 percentage points.
14: Number of life insurers banned from offering ULIP products.