more than 30% return in ulip what to do now?

S

smithjohn1948

New Member
#1
#1
i bought ulip on May 2008 chose Index fund and allocate 100% on equity exposure. Despite the bad market condition, i have gained more than 30% return on my premiums. What should i do now, should i switch my gains to Secure fund where it will expose to debt market instead equity.

I am thinking to switch gains from Index to Secure because i saw my portfolio going less than 16% and back to more than 30% in past couple of months. So i am not sure to let my gains in equity.

Market is getting better so chances are i will gain more from my gains and further premiums if stay on equity (index fund). but i am not sure about what should i do?
 
sudoku1

sudoku1

Well-Known Member
#2
#2
smithjohn1948 said:
i bought ulip on May 2008 chose Index fund and allocate 100% on equity exposure. Despite the bad market condition, i have gained more than 30% return on my premiums. What should i do now, should i switch my gains to Secure fund where it will expose to debt market instead equity.

I am thinking to switch gains from Index to Secure because i saw my portfolio going less than 16% and back to more than 30% in past couple of months. So i am not sure to let my gains in equity.

Market is getting better so chances are i will gain more from my gains and further premiums if stay on equity (index fund). but i am not sure about what should i do?
Click to expand...
BOOK 50% profits !:)
 
M

manojsai

Member
#4
#4
May 2008 nifty was (average) 4870.........30% increase means nifty should be 6331 .

are you sure you invested in index fund???or are you sure your % is correct.

I know a friend who invested a huge amount in ulip and it is down by 40% and the commision to insurance agent and company who made you invest come in the range of 30% to 10% of initial amount.....

D Swarup Committee has submitted its final report to the government. The report will now be forwarded to the High Level Co-ordinated Committee (HLCC), which will decide on the execution of the committee proposals.
 
M

manojsai

Member
#5
#5
and yes please give us all the name of the insurance company and its wonderful scheme which gives a return of 30% on total investment on index fund when index rises by just 3%
 
N

nareshch

Active Member
#8
#8
sanyad74 said:
ULIP is cheaper from 1st Jan 2010..

Can anyone elaborate on this and wat will be the impact on existing customers?
Click to expand...
IRDA imposed a cap on ULIP's charges. Till now insurance companies are charing from 10-65% of first year premium as charges .IRDA brought a cap on this .( I think 3 % ) . So more from your premium will go to investment .This is the benefit .

On the otherhand ,this decision has already showing impact.SBI Life has increased the minimum policy premium from Rs 6,000 to Rs 12,000, Star Union Daiichi Life Insurance has increased it from Rs 12,000 to Rs 18,000 and also the minimum tenure has gone up to 10 years.

Naresh
 
S

sanyad74

Active Member
#10
#10
nareshch said:
IRDA imposed a cap on ULIP's charges. Till now insurance companies are charing from 10-65% of first year premium as charges .IRDA brought a cap on this .( I think 3 % ) . So more from your premium will go to investment .This is the benefit .

On the otherhand ,this decision has already showing impact.SBI Life has increased the minimum policy premium from Rs 6,000 to Rs 12,000, Star Union Daiichi Life Insurance has increased it from Rs 12,000 to Rs 18,000 and also the minimum tenure has gone up to 10 years.

Naresh
Click to expand...
I already hv 20k + 20 k/ anum two plans for 10 and 15 years since last 4 years. This year due date is this week. Dont know whether I will be waived for such charges. How to figure this out ?

In ULIP transaction copy, it shows number of units and NAV on that day.

So where is the charges can be seen?
 
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