Every Ulip or insurance Advertisment always says.. " Please Read Offer Document Carefully Before Investing." If One Read that and understatand the Terms and conditions No need to ask an advice from anyone. No need of Debate wheter its good product or bad.. In fact Every Document Need to Read Carefully Before Signing.
Just ditch the ULIPs guys...if u want insurance, go for a term plan. if u want investments, go for MFs, PPF, bluechip shares...anything but ULIPs. These ULIPs are just a way for these insurers and their agents to squeeze out more money from investors. Just ditch them and ask everyone u know to ditch them as well...its only then will these guys get more transparent and stop looting us in the name of insurance and investment.
Re: ULIPs
by awadhesh sharma on Apr 05, 2010 10:40 PM
Openion expressed by dev is not based on facts but on assumptions. Please dont compare insurance with pure saving instrument. Insurance is required by every body. It is up to him or her to choose a plan which suits most. ULIP has always given return better than any fixed deposit in the long run. Insurance is an added benefit. Openion as expressed by dev is result of poor knowledge of the sector.
Re: Re: ULIPs
by Anonymous on Apr 11, 2010 06:18 PM
ULIPs are a rip-off. They have outrageous fees for first few years ensuring you can't leave the plan once you are in. Insurance should be separate from investments, as is the case in USA and Europe. I have not heard of any ULIPs there. Only thing the Indians need to understand is one has to pay a price to cover against a risk. If unforseen events don't happen, don't expect to get your money back. Don't expect any RETURN from your insurance policy. Leave that to your investment portfolio.
Re: SBI Smart Ulip II
by kiran kumar on Apr 05, 2010 04:29 PM
Smart & Ulip are antonyms in investors dictionary. Do not mix insurance with investment. It is always better to buy a term plan for insurance. Then choose your investment profile. It can vary from traditional (real estate, bullion), risky (equities, ELSS), balanced (Balanced MF's) to safe (Debt MF's, Fixed deposits, Bonds, NSC's, PPF etc)
The closest to units of ULIP are tax saving mutual funds.
