of term plan and investing in mutual funds beats any ULIP or other such products hands down. ULIP is only good for those who do not have time to invest on their own. Also avoid ULIPs from ICICI they charge very high premium allocation charges and FMC. One of my friends recently bought a ULIP from ICIC where he pays premium of 1 lakh for 3 years and the premium allocation charge for 1st year is a massive 18%.
RE:combination
by Mukesh Pruthi on Dec 07, 2007 11:54 PM Permalink
icici is charging 18% in first year, other co are charging much higher?co is sharing this with advisor( 12% )similer most talked lic plan money plus is charging 26.5% with Rs 60 per month also. pruthi ji insurance wale 9811020128
RE:combination
by puneet mathur on Dec 07, 2007 11:31 PM Permalink
Dear Mr. Rao ICICI pru Charging 18% premium allocation in first year but u should also consider if company is not charging this much how can they survive after all they are providing a life cover, (much higer than Premium) moreover if all the money is invested in equity than how can company sustain as Sum assure is there in insurance plan. Every invester should not take Insurance as Mutual fund, they have low entry load but Life cover in not there in MF. But Both are imp in there own way in evry portfolio. Rgds Puneet Mathur
