Sanjay Tripathy I suggest you remain invested for the complete policy term to reap maximum benefits. Contact your financial advisor for a detailed assessment of your portfolio
Sanjay Tripathy Since click2invest is only sold online, we have passed on the benefits of lower expenses to the customer. Not only do you get 100 % premium allocation, the policy admin charge is also zero in this plan. We only charge 1.35% of fund management fee and mortality as per your age. You can visit this link to understand all the charges and benefits: http://rediff.ly/3fw7r
Sanjay Tripathy The returns in any ULIP are market linked. Children plans offer additional benefit of premium waiver i.e. in case of unfortunate demise of a parent, the policy continues and the child receives the benefit
Sanjay Tripathy Dear John, we offer a new age ULIP called Click2invest with minimal charge structure which gives you 100% premium allocation resulting in higher returns. You can read about the same here: http://rediff.ly/3fw7r One should evaluate the product features versus his / her needs before buying a policy.
Sanjay Tripathy ULIPs offer a fifteen day window (free-look in period) during which you can choose to return the policy without any penalty, if you are not satisfied with the product features. If you still feel that you have been mis-informed about any product, you can reach out to the insurance company or the insurance ombudsman.
Dheeraj Ajwani the agent will show only ulip as the investing option and show lucrative returns which is never the case as they get good commission by selling ulips. they show absolute returns % and not the annual returns, they never show bank charges, hidden costs etc. lot of Terms and conditions for buying and whose gonna read all those.
Sanjay Tripathy ULIPs are a transparent product, which means all the charges and commissions are clearly stated in the benefit illustration. I would suggest that you consult a financial advisor to understand if your investments are in sync with your needs and risk appetite
Sanjay Tripathy ULIPs being long term product, you can buy a ULIP at any time as it gives you multiple entry points into the market effectively spreading out your risk.
Sanjay Tripathy I suggest you remain invested for the complete policy term. Markets are doing well currently which can result in better returns for you. Contact your financial advisor for a detailed assessment of your portfolio
Sanjay Tripathy I suggest you remain invested for the complete policy term. Contact your financial advisor for a detailed assessment of your portfolio
Sanjay Tripathy I suggest you remain invested for the complete policy term. To know more about your policy reach out to us: Call Us Toll Free:18002669777SMS:LIFE to 56161Local charges applyEmail: Life@HDFCLife.com
Sanjay Tripathy Every financial product comes with specific benefits, for E.g. you have specific ULIPs for financial planning for children, or women, or for critical illnesses. While you do investment in MFs, you should consider investing in ULIPs to diversify your portfolio and cover risks based on your needs.
Sanjay Tripathy If one invests in a disciplined manner for the complete term, one can accumulate a good fund value. However, one should understand the risks associated with ULIPs, they being market linked products. One can reduce risk exposure by choosing debt funds option. Regarding charges, I would like to tell you that our new ULIP, Click2invest offers minimal charge structure which means 100% of your premium
Sanjay Tripathy I would urge you to reach out to your financial advisor to understand if your current investment matches your needs and then take an informed decision. Things to keep in mind while you make this decision include 1. investment horizon that you may be looking at 2. your risk appetite 3. your current life stage (single, married, with children) and 4. the surplus savings that you can invest
Sanjay Tripathy One should not just compare investment returns of two financial instruments without taking into consideration other benefits / features such as flexibility of fund options, death benefit etc
Sanjay Tripathy They are better as they offer investment return opportunity along with protection benefits. Online ULIPs are the way to go in future as they offer lower charges and greater benefits. You may want to read more here: http://rediff.ly/3fw6l
Sanjay Tripathy Pros: ULIPs are transparent wherein you can control where your money is invested 2. They give protection benefit along with investment returns 3. They give flexibility of multiple fund options 4. You can get additional benefits for critical illness, accidental death, disability etc 5. Gives option for staying invested for a long time thereby making your investment strategy more disciplined
Sanjay Tripathy However, ULIPs have the following limitations that one should consider - lock-in period of 5 years , ULIPs have fixed policy term and premium payment term therefore one should buy it keeping in mind a long term horizon, at higher ages, protection benefit becomes expensive so one should understand the benefit illustration clearly before buying
Sanjay Tripathy Dear Chinmay, ULIPs offer the benefit of insurance and investment under one product. In addition ULIPs are more transparent and customer has many flexibilities like fund switch, premium redirection, partial withdrawals and top up premiums.If you want to invest for a longer tenures of 10-15 years with an exposure to equity markets then ULIPs are better invrestmen tool.
Sanjay Tripathy I can think of these two key myths associated with ULIPs - 1. ULIPs are expensive and 2. ULIPS offer low returns
Sanjay Tripathy Charges are capped by IRDA regulation since Sept 2010 .In simple words, overall charges cannot exceed the prescribed limit set by the regulator -the net reduction in yield cannot be more than 3% for a 10 year term policy.
Sanjay Tripathy There are several factors that enable the investor to get a good return:1. Invest for long terms 2. 2. Your choice for funds and judicious switching, redirection of funds/premiums will ensure that the fund growth is healthy.