Hi, I would like to know wat are the 'real-life' examples to use the power of compounding to your benefit? No scheme that I know of offers real compounding Eg NSC, PPF etc
ULIP is a pathetic scheme to loot money from innocent people. Never use ULIP for investment. Insurance is for risk cover. Never mix investment and risk cover. For risk cover, go for term insurance. Avoid ULIP. Agents always try to sell ULIP as they get more commision. If want to make the agent rich and happy, go for ULIP.
ICICI PRUDENTIAL LIFE INS.CO.'S The one Best Plan As Name Is( Life Time Super ).Beacause The Invest YOU Minimum Premium Rs.18000/- Maximise For Your Depend, For Yearly.You Have To Invest Minimum 3Years & Get The 5th Year Your Policies Fund Value Is {DOUBLE}.& Sum Assured Rs.500000/-Details For The Please Contact: VINAYAK KUMBHAR MOB;9822425997,EMAIL ;vinusuraj@rediffmail.com,
People need to understand why they need insurance. The answer is in the nice article. Insurance will take care of your financial dependents in case of your death. You should take the maximum insurance (sum assured), for the protection your family needs. DO NOT CONFUSE INSURANCE WITH INVESTMENTS. There are many superior options, like Mutual Funds for investment. For Insurance TAKE THE BIGGEST TERM POLICY YOU CAN.
RE:insurance
by naveen fernandes on Mar 24, 2007 02:43 PM
This is untrue. The unethical practice of Insurance agents selling the policy which pays the higher commissions, while providing lower benifits to the policy holder is diplayed by this person.
if u r really worried with were to invest ur finance what will be the best returns after 10 or 15 yrs or 3 to 5yrs heres the best solution for ur time to time guideline plan for ur investments along with insurance taxplanning mutual funds and whats more the last stop solution for u so just send me a mail and get the best solution.
RE:one stop solution for all ur financial queries
by anand loya on Mar 24, 2007 01:44 PM
Mr.Kiran please give me your telephone number and also your mail ID for an urgent advice from you.
RE:one stop solution for all ur financial queries
by RAGHU NANDA on Mar 24, 2007 01:54 PM
Please suggest I am 42 years old and would like to invest monthly around Rs. 800 to 1000/-. Please indicate which is the best ULIP cum insurance policies for 3 to 5 years or 10 years with assured payment email id: karthik_raghu@rediffmail.com
RE:one stop solution for all ur financial queries
by satyanarayan rai on Mar 24, 2007 03:04 PM
for best policy in ULIP u can try KOTAK SAFE INVESTMENT PLAN II or call 098553 53335
RE:[object MouseEvent]
by Wealth Wits on Mar 24, 2007 04:00 PM
I beg to differ if its the BEST plan. Kotak invests only 86% of first year premiums. Compared to them bajaj invests 95% of first year premiums. At the outset one looses 9%. That can be made up in next 18 years because second year investment precentage is 0.5% higher in case of kotak.
RE:one stop solution for all ur financial queries
by Wealth Wits on Mar 24, 2007 03:52 PM
Mr Karthik, If you go for assured payment then the policy will get very expensive. I would advice you to put your investment in a good mutual fund and go for a term plan for insurance. Keep paying your SIPs on time and when you need money to pay premiums just withdraw some of the units from mutual fund. This would be my advice keeping in mind your age , time horizon and investment amount. Regards, Jitendra
