As per my knowledge in Reliance Life the Charges are depends on premium. for first year 10000 to 25000 -9.25% 25001 to 50000 -8.50% .50001 to 150000-7.75%.150001 to 15 lakh-7%. 1500001 to 25 lakh-6.25%. Rs 2500001 and above-- 4.75%. 2nd year onwards 5%. monthly charges Rs-40.00.FMC 1.50% PA. There other company also charging less charges. kindly don't come to conclusion that all companies are charging high. be specific.
RE:ulip charges
by RAVIRAJ DEB on Sep 13, 2007 06:38 PM Permalink
hey there mis-selling occurs only if the customer allows to!!!!!yes its a known fact and people tend to overlook this serious problem all the time.what should be known while buying a ulip is the overall charges that si the initial unit charges,fund management charges,premium allocation charges,accumulation unit charges and hell lot of other charges,hence when you buy a ulip say a lifelong plan the entire corpus is deducted by a sum of a whooping 24% and sometimes even more.however such a ulip will overtake a mutual fund over a period of atleast six years .hence if u want a short-term investment then plz go for a mf and take a pure term plan which is most advisable.the concept of mis-selling is at its worst in ICICI prudential !!!!!!!!hence dikhavon pe mat jao,sirf apni akal lagao!!!! and in doubt plz mail me!!!!!!!
RE:ulip charges
by S P on Sep 14, 2007 04:31 PM Permalink
If the invested money is going into a similar set of diversified funds, how is it that ULIPs are getting better returns than mutual funds?
RE:ulip charges
by VAIBHAV SAMUDRA on Nov 26, 2007 01:58 AM Permalink
Guys done blame a single company, mis-selling is sort of every where and IRDA is coming out with new guide lines every 2-3 years. As you said when buying a product APNI AKAL LAGAO. But pru ICICI and other all companies have some advantages. not all product are bad.
Second, ULIPs can be better over long term, assuming ULIP has given decent returns, and you are not in best performing MFs all the time, which is actually rarely possible, ULIP scores because of your long term horizon, and lower expences ( Yes, I mean lower expences in most cases, though not all) over long term. FMC etc are usually lower than expence ration in MF
