i-Maximise first indian online ulip from aegon religare life insurance

POSTED BY bharat shah ON March 4, 2011 4:30 pm COMMENTS (6)

again first from aegon religare  after i term, i maximize, a new online ulip! no allocation charge , and very low 1-1.35% fund management charge etc. may make it good for determined long term investment. though i am not fancy of ulip, i like to hear from forum’s critical opinon for the product. is it not unfair to bring notice of new product to members , is it?

6 replies on this article “i-Maximise first indian online ulip from aegon religare life insurance”

  1. I have a Aegon religare Imaximize plan for 15 y at 80k per annum. My query being, As I have a pure term life insurance and invest in fundhs as well. shall I stop this plan and invest that money on funds with fundsindia or should I just keep it as this plan is also going to return after maturity?

    1. If I were you, I would have stopped it

  2. rcosmic says:

    can anyone compare NPS Tier 2 with this ULIP???

  3. rcosmic says:

    just to add my 2 cents ..
    the real returns will be around Equity return -1.6% as cost – Tax deduction. Which will not go over 11-12 % as whole (assuming avg 14% of equity returns)

  4. bharat shah says:

    thank you for detailed analysis! i think, they have not mentioned the rate of mortality charges.

  5. moneysights.com says:

    Hi Bharat,

    This definitely seems to be one of the lowest charge ULIP. Checked this policy here – https://buyonline.aegonreligare.com/imax-plan-detail.asp? There seems to a perennial entry load in the name of Policy Admin charge – Rs. 100 per month.

    If someone were to invest say Rs. 60,000 per year then s/he is actually paying a sort of entry load of 2%. Anything above 60k per annum would be mean a lesser entry load and anything below 60k would mean a higher (read – very high) entry load! And in our opinion, more retail investors would invest lesser than 60k per annum than more.

    But apart from it, this looks like a very very interesting policy for retail investors. Though, it would have been good if they chose to display fund performance. Without that, we would give it a pass. Even if the lower fund management fee + no charge on top-up, would make up for this upfront charge over longer-term, w/o knowing consistency of past performance one can’t commit for a ULIP. In fact, lack of portability of funds in ULIPs make it one of the barriers to invest in ULIP. We have covered this in detail here – http://goo.gl/buVhh

    We would definitely keep an eye on this ULIP. If Aegon Religare manages to show consistent good performance, this ULIP can become a worthy investment option.

    moneysights.com

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