Unit-Linked Insurance Plans (ULIP)

#21
If you want to invest in ULIPs , please ensure that you invest for minimum 7-8 years as initial high charges of ULIP will take time to recover. For less than 7 years , go for Mutual funds(Investment) + term plan(insurance cover). Acutal time to break even will depend on fund performance and scheme charges.
 
#22
Hi......I am writing for the first time on Traderji.com.
I am a salaried person and looking for some short term investment in order to save tax. can plz. somebody share the info like.....where should i invest ?
Thanks in advance.
 
#23
One think that everyone must understand about ULIP is

"If you don't need life insurance, don't invest in ULIP"

As simple as that. Companies take charges to compensate on the life insurance part. If you look at the fund management charges, they are very less and similar to any mutual funds.

I posted quite a few articles on my blog. http://ulip.sulekha.com
 
#27
how is ULIP money plus and market plus from LIC of India
Definately LIC is not the best ULIP!.

Here are the points that should be considered
Product Name
% Premium Allocation (1st, 2nd and 3rd year)
Policy Admin charges/annum
Fund mgmt charges/annum
mortality charges /1000 Rs/annum
Is mortality charge on sum at risk?
Top up charges
Maximum Topup
Minimum Premium
Minimum Term
Lock-in period (min is 3 years)
Partial withdrawl after _ year
Max partial withdrawl permitted
Minimum partial withdrawl
Surrender charges
Number of free Swithces/year
Performance of fund since last 2 years(Equity)(as on 1st Jan 2007) it may or may not sustain.
Sum assure required
Can increase sum assured?
 

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