From the above artice it is more unclear abt the comparision betwenn ELSS and ULIP. Dont the high intial charges eat up ur returs in long term. take a term policy for insurance and invest in ELSS for tax saving then i think the returns will be much higher than ULIPs. Any comments? pls
RE:ELSS vs ULIP ??
by Kapil Tyagi on Feb 12, 2007 12:14 PM Permalink
To compansate the high initial charges one might go for a policy where initial charges are less, becoz the intial charges varies from company to company. Some insurance companies will charge upto 50% of first year premium while some charges only 5%. So always explore all your options before investing in ULIPs and don't go by what the agents have to offer.
RE:ELSS vs ULIP ??
by sachin medhi on Feb 12, 2007 11:57 AM Permalink
i agree, nothing comes in this world for free. If you invest in ULIPs, insurance companies will eat the bigger part of cake and give you a small piece of the overall money after your insured period. So here you are paying with MONEY. If you go for plain term insurance and ELSS or any other mutual funds for growing your money you will have to spend more time every year to keep up your expecattaion about the growth. Here you are paying with your TIME and EFFORTS. Choice is yours. I prefer the second options as it gives me lot of FLEXIBILITY
RE:RE:ELSS vs ULIP ??
by SDVS JAGANNADHA RAJU on Feb 12, 2007 12:05 PM Permalink
I think even in ulips u have to spend time in using switches to increase ur returns? i think u waste time in both the cases.So on the face of it i think ulips are wasting ur money along with ur time. isnt it? i want ur comments
