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Are-ULIPs-Good-For-You

#Are-ULIPs-Good-For-You

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VP

vijaykumar patil

I have taken icici pru pention plan ULIP plan on 2005, But it have given return of 4 to 5% anualy. ICICI people asks me to change the policy to other ICICI one as the one I took not good. Please advice...

I have taken icici pru pention plan ULIP plan on 2005, But it have given return of 4 to 5% anualy. ICICI people asks me to change the policy to other ICICI one as the one I took not good. Please advice... #Are-ULIPs-Good-For-You
Posted : 3 months ago
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AT

Ashutosh Thaokar

Could you please suggest the good/knowledgeable financial adviser if you can?

Could you please suggest the good/knowledgeable financial adviser if you can? #Are-ULIPs-Good-For-You
Posted : 3 months ago
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S

spenta

Hello I have invested Rs20000 yearly in Tata AIA Investassure since 2008 ULIP , shall I hold the same ?

Hello I have invested Rs20000 yearly in Tata AIA Investassure since 2008 ULIP , shall I hold the same ? #Are-ULIPs-Good-For-You
Posted : 3 months ago
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Ashutosh Thaokar

Could you please suggest the good/knowledgeable financial adviser if you can?

Could you please suggest the good/knowledgeable financial adviser if you can? #Are-ULIPs-Good-For-You
Posted : 3 months ago
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Akil hegde

can i Continue With my BSLI Saral Jeevan it showing loss

can i Continue With my BSLI Saral Jeevan it showing loss #Are-ULIPs-Good-For-You
Posted : 3 months ago
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GG

Gadgets-Gaming

Sir, if your product allows 100% premium allocation then could you plz explain how you make provisions for servicing the insurance part? I am sure you don't insure your customers from your own pocket :-) Plz explain

Sir, if your product allows 100% premium allocation then could you plz explain how you make provisions for servicing the insurance part? I am sure you don't insure your customers from your own pocket :-) Plz explain #Are-ULIPs-Good-For-You
Posted : 3 months ago
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NR

NARSING RAO

WHETHER CHILDREN POLICIES ARE BETTER IN GIVING RETURN THAN THE ORDINARY ULIPS

WHETHER CHILDREN POLICIES ARE BETTER IN GIVING RETURN THAN THE ORDINARY ULIPS #Are-ULIPs-Good-For-You
Posted : 3 months ago
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J

john

Why are the costs associated with ULIPs so high? Aren't companies like yours making loads of money by charging us all kinds of fees on ULIPs at our cost?

Why are the costs associated with ULIPs so high? Aren't companies like yours making loads of money by charging us all kinds of fees on ULIPs at our cost? #Are-ULIPs-Good-For-You
Posted : 3 months ago
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A

alex

Sir, please tell me why do insurance companies, including yours, mis-sell ULIps?

Sir, please tell me why do insurance companies, including yours, mis-sell ULIps? #Are-ULIPs-Good-For-You
Posted : 3 months ago
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Dheeraj Ajwani

Had bought 3 told to be good ulips in 2007. Sold off almost in negative last month. Better to go for band FD .ULIP only for banks to make money rest dont care for investors at all.

Had bought 3 told to be good ulips in 2007. Sold off almost in negative last month. Better to go for band FD .ULIP only for banks to make money rest dont care for investors at all. #Are-ULIPs-Good-For-You
Posted : 3 months ago
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AH

Akil hegde

can i Continue With my BSLI Saral Jeevan it showing loss

can i Continue With my BSLI Saral Jeevan it showing loss #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
GG

Gadgets-Gaming

Sir, if your product allows 100% premium allocation then could you plz explain how you make provisions for servicing the insurance part? I am sure you don't insure your customers from your own pocket :-) Plz explain

Sir, if your product allows 100% premium allocation then could you plz explain how you make provisions for servicing the insurance part? I am sure you don't insure your customers from your own pocket :-) Plz explain #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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:
3 months ago 
NR

NARSING RAO

WHETHER CHILDREN POLICIES ARE BETTER IN GIVING RETURN THAN THE ORDINARY ULIPS

WHETHER CHILDREN POLICIES ARE BETTER IN GIVING RETURN THAN THE ORDINARY ULIPS #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
J

john

Why are the costs associated with ULIPs so high? Aren't companies like yours making loads of money by charging us all kinds of fees on ULIPs at our cost?

Why are the costs associated with ULIPs so high? Aren't companies like yours making loads of money by charging us all kinds of fees on ULIPs at our cost? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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.

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: One should evaluate the product features versus his / her needs before buying a policy.
3 months ago 
A

alex

Sir, please tell me why do insurance companies, including yours, mis-sell ULIps?

Sir, please tell me why do insurance companies, including yours, mis-sell ULIps? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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.

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.
3 months ago 
DA

Dheeraj Ajwani

Had bought 3 told to be good ulips in 2007. Sold off almost in negative last month. Better to go for band FD .ULIP only for banks to make money rest dont care for investors at all.

Had bought 3 told to be good ulips in 2007. Sold off almost in negative last month. Better to go for band FD .ULIP only for banks to make money rest dont care for investors at all. #Are-ULIPs-Good-For-You
Posted : 3 months ago
DA

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.

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.
3 months ago 
ST

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

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
3 months ago 
S

salim

Under what conditions can ULIPs be a better bet?

Under what conditions can ULIPs be a better bet? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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.

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.
3 months ago 
MMM

MURALI MADHAVA-M

I am investing in UTI-ULIP for last 10years..for 15yrs scheme..whether i should continue...???

I am investing in UTI-ULIP for last 10years..for 15yrs scheme..whether i should continue...??? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
MS

M Srinivas

i have invested in icici, bajaj alliance and sbi ulip. all are below par now. shud i continue or quit

i have invested in icici, bajaj alliance and sbi ulip. all are below par now. shud i continue or quit #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

Sanjay Tripathy I suggest you remain invested for the complete policy term. Contact your financial advisor for a detailed assessment of your portfolio

I suggest you remain invested for the complete policy term. Contact your financial advisor for a detailed assessment of your portfolio
3 months ago 
GR

gautam reddy

I HAVE INVESTED IN HDFC STANDARD LIFE ULIP WAY LONG BACK 2008 FOR A TENURE OF 10 YEARS. CAN I STILL HOLD IT.

I HAVE INVESTED IN HDFC STANDARD LIFE ULIP WAY LONG BACK 2008 FOR A TENURE OF 10 YEARS. CAN I STILL HOLD IT. #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
K

kumar

Hi Sanjay,I am thinking about to invest Rs 36000 to Aviva I growth ULIP plan. Could you advise me that i am going in right direction.

Hi Sanjay,I am thinking about to invest Rs 36000 to Aviva I growth ULIP plan. Could you advise me that i am going in right direction. #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

Sanjay Tripathy I would not like to comment on this plan, however, you can check out our similar product which you should consider before taking any decision. http://rediff.ly/3fw7r

I would not like to comment on this plan, however, you can check out our similar product which you should consider before taking any decision.
3 months ago 
AC

Amol chille

I think a term insurance and investing in mutual funds separately is a better idea than investing in ULIPs. Do you beg to differ, Sir?

I think a term insurance and investing in mutual funds separately is a better idea than investing in ULIPs. Do you beg to differ, Sir? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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.

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.
3 months ago 
ST

Sanjay Tripathy Our latest ULIP, Click2invest is comparable to MFs. Check out this article to understand better: http://rediff.ly/3fw6l

Our latest ULIP, Click2invest is comparable to MFs. Check out this article to understand better:
3 months ago 
UK

umar khan

What are the costs associated with ULIPs? Won't investors lose money when they invest in ULIPs?

What are the costs associated with ULIPs? Won't investors lose money when they invest in ULIPs? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
ST

Sanjay Tripathy is invested giving you higher returns opportunity. To read more, click here: http://rediff.ly/3fw6l

is invested giving you higher returns opportunity. To read more, click here:
3 months ago 
H

haresh

I have a ULIP policy from Aviva Life. While I get poor protection the units invested are also no doing well? Shall I continue with this ULIP, Sanjay?

I have a ULIP policy from Aviva Life. While I get poor protection the units invested are also no doing well? Shall I continue with this ULIP, Sanjay? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
J

Jayarama

No not all. HDFC LIFE deducts 10% of your premium as commission. Then again every month deduct one unit as maintenance charges. Your money will not double even in ten years. Go for Post Office operated pension scheme; 9.38% pension and monthly paid new scheme wef 15 Aug 2014

No not all. HDFC LIFE deducts 10% of your premium as commission. Then again every month deduct one unit as maintenance charges. Your money will not double even in ten years. Go for Post Office operated pension scheme; 9.38% pension and monthly paid new scheme wef 15 Aug 2014 #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
SA

Sukhvinder Agah

Why do you think are ULIPs a good bet?

Why do you think are ULIPs a good bet? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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:
3 months ago 
AJ

Aatish Jagmanani

What are the top 5 pros and cons of investing in ULIPs?

What are the top 5 pros and cons of investing in ULIPs? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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

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
3 months ago 
ST

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

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
3 months ago 
CT

Chinmay Thakur

Dear Tripathiji, why should I choose a product that offers insurance and investment together? Won't I be better off by buying both these products seoparately?

Dear Tripathiji, why should I choose a product that offers insurance and investment together? Won't I be better off by buying both these products seoparately? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

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.

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.
3 months ago 
ST

Sanjay Tripathy You can also create a customized investment strategy for yourself with multiple fund options

You can also create a customized investment strategy for yourself with multiple fund options
3 months ago 
JS

Jaipal Sahani

What are the misconceptions and myths associated with ULIPs?

What are the misconceptions and myths associated with ULIPs? #Are-ULIPs-Good-For-You
Posted : 3 months ago
ST

Sanjay Tripathy I can think of these two key myths associated with ULIPs - 1. ULIPs are expensive and 2. ULIPS offer low returns

I can think of these two key myths associated with ULIPs - 1. ULIPs are expensive and 2. ULIPS offer low returns
3 months ago 
ST

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.

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.
3 months ago 
ST

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.

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.
3 months ago