I HAVE INVESTED IN LIC WEALTH PLUS WITH QUARTERLY PREMIUM OF RS.5000.00 FOR 3 YEARS .TOTAL AMOUNT RS.60000.00.DUE TO RECENT IRDA REGULATIONS KINDLY INFORM IF THE INVESTMENT IS BENEFICIAL TO ME OR NOT. IF NOT IS THEIR A WAY OUT?
I have a Bajaj Allianz ULIP-Unit Gain plain i have invested 20000 from 2006 to 2008 (Rs 60000) when i saw my fund value it is just 54000rs only if i invested that 60000 in gold/vilage farms/land it would have grossed me 90000rs..cheated me on few years back...
Re: Re: Re: ULIP
by prashant sharma on Jul 07, 2010 05:10 PM
you are more at fault than that agent. dont u have any brains? why didnt u check what u were buying? he was just looking for a fool. u provided him with one.
Re: What effect will this have on exixting ULIPs
by New Blogger on Jul 07, 2010 09:54 AM
Please don't exit the ULIP now. Exiting now is something like you have paid the rent for 20 years and leaving out in 3 years.
My suggestion for you will be to continue your investments till 20 years at least. The investments will match the desired returns in that period.
Re: What effect will this have on exixting ULIPs
by south indian on Jul 07, 2010 09:12 AM
ULIPS is a useless investment. Get out of it and invest directly in equities, or gold or in real estate. You will reap better results out of these investments. I invested in ICICI Prudential life insurance and my investment remained as it is even at the end of 5 years. It neither appreciated nor depreciated. Please take out that money of yours from ICICI Prudential and invest in equity market and you earn a lot!!!!!!!!!!
Re: What effect will this have on exixting ULIPs
by julkifli on Jul 07, 2010 09:08 AM
please go to ur branch with cancellation of cheque, id proof and fill up the policy surrender form with ur original bonds and then take ur fund value as on today...U wil get ur fund value within 7 working days..(pls note I have taken ULIP on 2006 for Bajaj Allianz)...If u saw that bloody insurance agent slap him until ur hand pains
Re: Re: What effect will this have on exixting ULIPs
by kavuri shastry on Jul 07, 2010 09:14 AM
you are right , iam not getting the invested amount,so i have surrendered the policy and taken my amount back,
Re: Re: What effect will this have on exixting ULIPs
by mathew thomas on Jul 07, 2010 09:57 AM
I too have been a victim of this ULIP from Bajaj Allianz.Lost money by investing Rs.25000/per year for 3years . No body should invest in ULIP
Re: Re: Re: What effect will this have on exixting ULIPs
by madhu kumar on Jul 11, 2010 09:27 PM
my investment of 90000 Rs in ICICI prudential has become 75000 after three years. ULIP yields nothing, you will loose your valuable hard earned money..