RE:Ulip ..
by Mandar on Mar 22, 2007 04:36 PM Permalink
Agree with you. Look at any ULIP's charges. You will find 1) Mortality charges which is equivalent to term insurance premium. 2) Fund management charges which is equivalent to fund management charges of a mutual fund 3) On top of it in ULIP , you will be paying a huge sum which directly goes to agents and insurance company. ( Have a look at ICICI - it is 20% for first year . 7.5% for the second. and 4% for third year onwards. This is a complete loss for a customer.
Also any plans under the name of children plan / baap ka naam roshan karega plan etc. is basically endowment or money back or UPIP. Don't fall in agents trap. You should only buy Term insurance from Insurance company.
RE:RE:Ulip ..
by Amit Phatak on Mar 22, 2007 06:59 PM Permalink
Read my reply to "ChanC"'s comment below. What you say is true, but you have to take care of your investments regularly and punctually.. if not you'll have insurance no doubt but no investment gains. Also you need to understand ULIPs are long-term products. Over long term, money gain & insurance from ULIP is equal to money gain & insurance from termplan&MF combo..
RE:Ulip ..
by Rajendra Pandharinath Zanpure on Mar 22, 2007 04:21 PM Permalink
Never invest in insurance Buy NSC at regular interval This will give you liquidity at any given time You can avail load by pledging NSC
