Comments on: ULIPS , Who need them , who don’t !!! http://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html Financial Planning , Insurance , Mutual Funds , Investments Sat, 11 Feb 2012 14:23:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Manish Chauhanhttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-30207 Manish Chauhan Tue, 13 Dec 2011 15:20:26 +0000 http://www.jagoinvestor.com/?p=24#comment-30207 Meera Ask it on forum : http://www.jagoinvestor.com/forum/ Meera

Ask it on forum : http://www.jagoinvestor.com/forum/

]]> By: meera piyush prasadhttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-30175 meera piyush prasad Tue, 13 Dec 2011 08:07:52 +0000 http://www.jagoinvestor.com/?p=24#comment-30175 Hello Manish, Your articles are very informative and helpful. Please guide me in these two queries regarding ulips. We have two ulip funds- ICICI Life time pension growth fund , the FV at year beginning was around 124000, and thru the year it has fallen to 122000 approx.We have invested 80,000 thru 8 yrs. Please guide as to which swithc option should we operate so as to incur minimum loss. The other fund is HDFC UL YOUNG STar Growth fund, in which we have already invested 1,80,000 in 6 yrs and the FV reamins at 1,75,405 as of today. SHould we Stay with these policies and use switch option to cover our losses. If so which option should we choose? Or should we surrender our policies!! thanks meera Hello Manish,

Your articles are very informative and helpful.
Please guide me in these two queries regarding ulips.
We have two ulip funds- ICICI Life time pension growth fund , the FV at year beginning was around 124000, and thru the year it has fallen to 122000 approx.We have invested 80,000 thru 8 yrs.
Please guide as to which swithc option should we operate so as to incur minimum loss. The other fund is HDFC UL YOUNG STar Growth fund, in which we have already invested 1,80,000 in 6 yrs and the FV reamins at 1,75,405 as of today. SHould we Stay with these policies and use switch option to cover our losses. If so which option should we choose? Or should we surrender our policies!!
thanks
meera

]]> By: Mandar Sawanthttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-25903 Mandar Sawant Thu, 11 Aug 2011 06:46:43 +0000 http://www.jagoinvestor.com/?p=24#comment-25903 Planning to buy HDFC SL YoungStar Super II for my one year old kid need advice thanks Planning to buy HDFC SL YoungStar Super II for my one year old kid
need advice

thanks

]]> By: Mandar Sawanthttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-25902 Mandar Sawant Thu, 11 Aug 2011 06:39:26 +0000 http://www.jagoinvestor.com/?p=24#comment-25902 Nice vinay but need advice on child ULIPS plans from any good financial advisor Nice vinay
but need advice on child ULIPS plans from any good financial advisor

]]> By: Vinay Sardahttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-14359 Vinay Sarda Tue, 28 Sep 2010 09:53:06 +0000 http://www.jagoinvestor.com/?p=24#comment-14359 Hi, All “Financial Planners” , why you all oppose so much for Child ULIP plans. Does any Equity MF offer cover (if Parnets die) to there Childerns. Apart from that they Pay all the future Premuims (its ok that they charge for the same but that is minisucle amount), which are Allocated in right way in Stock Markets in absence of parents which is the main benefit in CHILD ULIP PLAN. There are various type of Fund Options and Allocations inULIP Like P/E fund , Trigger Portfolio Strategy which helps from Ups / Downs of the Stock market. And fetch better Returns from the investment. (No Equity MF gives this benefits). How can child allocate the amount it receive from insurance companies in term plans even it will managed by say its ‘guradians’ , Rather then believing others and there startegy of investing its better to stay with the Insurance companies you had taken Child Ulip Plan. And in the long term say 10-15 years or more Ulips can fetch better returns than Equity MF. All Ulips charge not more then 1.35 % FMC (LIC charge only 0.80 % )and taking all other charges & bonuses combined it will not be more then 1.5 % or so . Also in ULIP there is no pain for evaluting like we have to do in MF Schemes every year or so. Whereas Equity MF charging upto 1.75 % to 2.50 % . (according to fund size) So it is clear that both of them charges for there professional fund management nothing comes for free wherther it is MF or ULIP's. So, We should keep CHILD ULIP Plans & MF Schemes in investment category and Term Plans in Insurance category. Also now in the ULIP PAC had been capped by IRDA, provide Loan upto 50 % & 5 years lock in ,which are good reforms in ULIP category. Financial Planning is when you are there, if you are not there then its Child Planning. And Child Ulip Plans comes into effect. Think personally in this matter and reply , Rgs, Vinay..... Hi,
All “Financial Planners” , why you all oppose so much for Child ULIP plans. Does any Equity MF offer cover (if Parnets die) to there Childerns. Apart from that they Pay all the future Premuims (its ok that they charge for the same but that is minisucle amount), which are Allocated in right way in Stock Markets in absence of parents which is the main benefit in CHILD ULIP PLAN. There are various type of Fund Options and Allocations inULIP Like P/E fund , Trigger Portfolio Strategy which helps from Ups / Downs of the Stock market. And fetch better Returns from the investment. (No Equity MF gives this benefits).

How can child allocate the amount it receive from insurance companies in term plans even it will managed by say its ‘guradians’ , Rather then believing others and there startegy of investing its better to stay with the Insurance companies you had taken Child Ulip Plan.

And in the long term say 10-15 years or more Ulips can fetch better returns than Equity MF. All Ulips charge not more then 1.35 % FMC (LIC charge only 0.80 % )and taking all other charges & bonuses combined it will not be more then 1.5 % or so . Also in ULIP there is no pain for evaluting like we have to do in MF Schemes every year or so.

Whereas Equity MF charging upto 1.75 % to 2.50 % . (according to fund size)
So it is clear that both of them charges for there professional fund management nothing comes for free wherther it is MF or ULIP’s.

So, We should keep CHILD ULIP Plans & MF Schemes in investment category and Term Plans in Insurance category. Also now in the ULIP PAC had been capped by IRDA, provide Loan upto 50 % & 5 years lock in ,which are good reforms in ULIP category.

Financial Planning is when you are there, if you are not there then its Child Planning. And Child Ulip Plans comes into effect.

Think personally in this matter and reply ,

Rgs,
Vinay…..

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-11670 Manish Chauhan Thu, 22 Jul 2010 16:43:17 +0000 http://www.jagoinvestor.com/?p=24#comment-11670 ab The plans you are talking about are ULIPS , seems like you dont have much idea on how they operate and their costing . They are expensive products if you dont knwo hw to use them in the best way using swithing. Manish ab

The plans you are talking about are ULIPS , seems like you dont have much idea on how they operate and their costing . They are expensive products if you dont knwo hw to use them in the best way using swithing.

Manish

]]> By: abhttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-11664 ab Thu, 22 Jul 2010 09:29:23 +0000 http://www.jagoinvestor.com/?p=24#comment-11664 presently i buy canara hsbc smart stay life paln the annual premium i s 1 lkh pa what you would like to suggest ? is this good to get goo dreturns? which fund option i should select , how much is the risk involved? i am thinking to stop the paymanet after 03 installments Also comment on tata aig paln ( 1.5 lk pa premium ) 03 premiums to pay for 03 yrs & after 7 yrs you get almost double amt presently i buy canara hsbc smart stay life paln the annual premium i s 1 lkh pa
what you would like to suggest ? is this good to get goo dreturns? which fund option i should select , how much is the risk involved? i am thinking to stop the paymanet after 03 installments

Also comment on tata aig paln ( 1.5 lk pa premium ) 03 premiums to pay for 03 yrs & after 7 yrs you get almost double amt

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-8036 Manish Chauhan Tue, 20 Apr 2010 16:16:57 +0000 http://www.jagoinvestor.com/?p=24#comment-8036 Venkat Yup .. its tough to make peeople take action . however if they do not take action , it means that somewhere in their heart they have not truly understood the term insurance,on this blog almost all the people who said that they understood things well went ahead and took term insurance . Manish Manish Venkat

Yup .. its tough to make peeople take action . however if they do not take action , it means that somewhere in their heart they have not truly understood the term insurance,on this blog almost all the people who said that they understood things well went ahead and took term insurance .

Manish

Manish

]]> By: Venkathttp://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html#comment-8034 Venkat Tue, 20 Apr 2010 15:30:38 +0000 http://www.jagoinvestor.com/?p=24#comment-8034 Great article, I tried to educate people about the importance of life insurance (especially since one of my neighbors who was very young died after second stroke leaving his young family of a wife and two small kids. He had no life insurance cover whatsoever. Believe me it is very easy to convince people that term insurance is better than ULIPs and endowment plans, but when it is time to take action they always go either to ULIPs (most often) or traditional policies. There are two reasons for this, one emotions dominates good judgement wrt money and 90% of Indians knows how to make money but lacks the knowledge of investment. Great article,

I tried to educate people about the importance of life insurance (especially since one of my neighbors who was very young died after second stroke leaving his young family of a wife and two small kids. He had no life insurance cover whatsoever. Believe me it is very easy to convince people that term insurance is better than ULIPs and endowment plans, but when it is time to take action they always go either to ULIPs (most often) or traditional policies. There are two reasons for this, one emotions dominates good judgement wrt money and 90% of Indians knows how to make money but lacks the knowledge of investment.

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