Is their any reason other then agent commission? I had almost purchased ULIP on insistance of an agent, who completely hide the charges from me. How they are compiting with Mutual Funds, which charge only 2.25% entry load.
If they are investing in stock market then what is the difference between this and ULIP.Both doing the same rite?
suppose i have taken 1Lk each in 2 different insurance company
And if i incur a medical bill of 1.75 Lk,
can i claim from both insurance companies?
if yes, will hospital authorities give a 2 bills?
LIC promissed when started Money plus 54 thousand you will get, but now the term is over they are paying only Rs. 35, 000 But the invest ment is Rs. 30,000 5 years wait time.
There are various schemes from Insurance companies called ULIPs and Pension Plans. There is a general notion that the initial ‘allocation charges’ are fantastic: even upt to 100% of first annual premium. Hence my question is: is it still possible to make money after paying hefty charges to the companies? Is it possible to get income greater than bank FD interest rates? I would prefer answers from people who actually lost or gained.
If you have a minor at fault accident and it was not reported to police in such cases insurance companies always report to DMV and it goes to your motor vehicle report and can it affect getting a job or promotion?
I heard from my friends that the student medical insurance bought from India based insurance companies is no longer valid on a whole list of foreign universities. Is it true?
As i told, i am a 27yr old man, intrested in a policy for pension plan which will provide benifit in low premium, accident cover and also if any medical claim includes also good. Mostly i prefered to be a LIC policy or any government reputed insurance companies. Please be free to give answers.
In the recent economic crisis, a huge number of Unit Linked Insurance policy holders suffered heavy losses. Insurance companies deduct 2.25% on a regular basis as fund management charges. Had "fund managers" switch the money from equity to debt fund on time, ULIP holders would not have suffered such heavy losses. Is there any justification in insurance companies charging fund management fee when they cannot do the job properly?