ULIPS- Lets ask, share and discuss about it

hi lets discuss here about this wonderfull tool

hai thats goood idea....coz now everywhere this crops up....
i hav idea abt TATA-AIG ULIP........seems to b ok...but iam not sure abt the negatives abt it....can any one come up with it?

ULIP is a dual plan which provides investment option with insurance benefits.

The ulip plan cycle goes like this:-

The premium invested every year is broken up into two parts :-
1. Charges
2. Money available for investment

1. Charges: mortality charges, administration charges and fund management charges etc.

2. Money available for investment: This money is pooled into a fund. This fund is used to invests money in stocks or bonds. This fund is usually of three types
a. an equity (growth) fund,
b. a balanced fund and
c. a fund which invests in bonds.

The invester can choose the fund into which he wants his money invested.
If the insured dies when the policy is active, the nominee gets death benefit (sum assured + fund value) otherwise invester gets fund value.

ULIP plan is very good you can go for any like kotak mahindra, Tata AIG etc.

Any one who had taken ULIP in last year wont even think of taking it again all NAV of ULIPs are about 50% now:lol:
These three are the worst companies which u are talking about for ULIPs
Good are still Bajaj Allianz ,LIC ,Birla Sunlife

By the way i was talking talking about ULIP not about company i think you have not noticed this line properly

for any like kotak mahindra, Tata AIG etc.

Click to expand...

Hi,
I just want to share a few points, regarding ULIPs.
Insurance and investments shouldn't be mixed in the first place.
If u want a life coverage go for a term plan and If u want returns, go for a diversified equity fund.
Then why the ULIP product is here ? People hesitate to take insurance without any big (?) returns. So the magic word -- coverage +returns worked.


But , don't mix them both.

Rajesh that is your personal opinion and you are definetely entitled to your opinion....

But I know in the long run and as a fact you all can check online that ULIP's have given a better returns than a Mutual Funds in a longer tenure...And Mind you all I said in a Longer tenure....in a shorter tenure Mutual funds are always better and will remain better for eternity....well that is the rule and no one can change that...

Different products have different charges...there can be as little as a 0% as probably in a Aviva Sachin plan but it is a 3 year only plan or a 7% for a 10 year plan in MetLife and extend upto 40% in a Birla Sun Life plan...

Depending on the tenure and the product the charges keep on changing......some have loyalty additions while some have returns more etc...

This is the crux of combining Investments with Insurance...

Never ask advice/trust a broker or insurance agent,

Do you own research ? Look out for what you want and never let the insurance agent decide your needs .

ULIPs are EXPENSIVE !! They have a lot of charges . And their argument of being good in the long term does not suffice.

Insure yourself for at least 10 times your annual income(I recommend 15).

Always opt for for the Classic Term Plan .

You will not be paying much as premium in a term plan compared to a ULIP.

Never mix investments and insurance .

Insurance is LIFE COVER . Not a cheap moneyback scheme.

Never compare a ULIP and a Mutual Fund . Both serve different purposes .

You agent gets 35% of your premium as commission in the first year and 5% every year that you pay your premiums. He will always suggest a product that gives him a higher commission .He doesn't care about you or your family members. So go ahead and get a term plan .

which website should i check for all insurance data