Professional Answers on Investments
Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
you may choose from hdfc standard life, ing life, they are the good cos who offer good ulip plans compared to others and specially they hav the minimun charges in the industry, they are charges are 0.8% (appx) which is good in market where icici charges more than 1%, apart from this ing life is the world leader in life insurance and hdfc is the oldest in india they also have good repo,
dont only look for the allocation charges as this charge is only for the short period, look for the admin charge which i mentioned in the above,
It may help you.
INSURANCE IS THE SUBJECT MATTER OF SOLICITATION
Avoid ulips . Go for PURE TERM . For investment there are better avenues like mutual funds / direct equity.
Always AVOID ULIPs.
They are one of the worst investing instruments.
And use your logic, when you see so many advertisement about ULIPs, from where they will get the money back is from customer only.
Dont ever mix your insurance with investment.
Go for term insurance, where you will get maximum cover for minimum premium.
And for investment, go for direct equity ( if have time to study) otherwise go for Mutual Funds.
And if you dont want equity at all, then go for PPF or NSC or RBI Bonds.
Hope I make myself clear.
Go for Ulips, only if you are prepared to invest for more than 10 years. Because over a longer term, you are likely to be benefitted. If you think you cannot keep your money invested that long, then invest in mutual funds. I prefer LIC’s Ulip Plans, charges are low.
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