Dear Anil, I invested in SBI Life and paid Rs 1 lac towards the first investment,post which I realised that the scheme is not doing well.I have stopped paying the installments and plan to withdraw at the end of the 3rd year as I would take a hit if i do now.Am i on the right track.Please advice
my NSC's are ready for mature by jan 1st week. the value is RS 70 thousands. pls suggest safe means to park the funds. i am risk averse and i must be able to liquidate the funds in need. thanks
from JAN IST ULIP WILL BE COST LESS....NEW IRDA GUIDLINES WILL BE APPLICABE..NO INSURANCE CO. CAN CHARGE MORE THAN 3 PERCENT AS CHARGES IN ONE YEAR.....THEY HAVE TO DISEMILATE IN DURING 10 YEARS DURATION......IF ANY ONE NEED INSURANCE WAIT TILL JAN 1ST.
Never Invest in Ulip Because whenever (either after 3 years or 10 years)you surrender your policiy and withraw the investment your Insurance Policy get expire...
Buy Insurance/Mediclaim policy seprate and invest money separately..
Ulip nver saves Tax... insted the money will be taken by insurance company.. better pay Tax.
Re: Never Invest in ULIP
by P Nagdev on Jan 01, 2010 02:27 AM
ULIP's are the best thing to invest into rather than Mutual Funds. The Persons who sell MF will not tell yo that the allocation charges are there on the whole fund and not on the Premiuim.
Dear Anil I have invested in ICICI prudential pinnacle fund, in the term and condition one foreclosure clause was given that if after all three premium paid, my fund value will go below 110% of first yr premium then it will automatically surredered. Is there any chance or history for this type of happening if i am purchasing funds in initial value for fist premium
I am 77 years old.After 37 years of legal hurdles in Orissa High court & Supreme court, we got full pensionary benefits now. Arrears of 4 lakhs I recd last month.Till now I was not paying tax. Do you think this amount will be yaxable now or can it be staggered over 19 years ( I retired in 1990) so that I need not pay any tax ? are there any savings instruments that allow me not to pay any tax ? please advise how to go about this.At present the full amount is in Savings bank account. Thanking you Murty
