January 20, 2011 9:09 am
I want to invest 1 lakh in ULIP. What is the best ULIP available in market with excellent returns in last 3-5 years ?
could some one suggest the difference between having a term plan + multual funds investment vs aegon religare imaximize plan
THe main difference is that both things are independent .
SBI smart performer looks great currently as the current NAV as of today for daily protect fund is 9.31 and the highest NAV is 10.73 which was back in November. If I enter today, I am already getting around 15% of return as my NAV will be locked at 10.73 though I enter at 9.32.
In there benefit illustration chart, I am already getting my money at least 4 times in 10 years at 15% after deducting all the charges.
Am I missing anything here?
Lemme answer and not advice…
Please check AEGON Religare iMaximize
Premium Allocation Charges : 0% throughout the term
Policy admin charges: Rs.100 per month irrespective of Premium(wheather it is 25000 or 25 crores p.a)
Mortality charges:Very nominal, as per industry standards
Death Benefit Option 1:Higher of Sum Assured Fund Value
Death Benefit Option 2(Do not mind this copy paste!!):
In case of an unfortunate demise during the term of the policy, the nominee receives the following as death benefit:
a) Maximum of sum assured (including sum assured increased on account of payment of top-up premium) or 105% of all premiums paid (including top-up premiums)
b) All regular premiums due after death of the life assured are waived i.e. all premiums due after death of the life assured, are paid by the company. If any premium due date, after the death of the life assured, has passed before the claim is intimated, the due premium is invested. This benefit is known as the Premium Continuance Benefit (PCB). Further, irrespective of the investment fund option(s) chosen or investment strategy chosen, the fund value is transferred to the Stable Fund on the date the claim is intimated.
c) An amount equal to the annualised premium is paid to the beneficiary at the start of every policy year, following the date of death, till the end of the policy term. This benefit is known as Income Benefit (IB).
( Of course…Option 2 comes with lil higher charges on Mortality)
Guys please chk the Benefit Illustration…
Im waitin for some unbiased reviews
Thanks Vinubalan. This one is already with me, but only for a premium of 15K annually.
Then why not use top-ups to get more investment in the same ULIP?
You must have invested in AEGON Religare Invest Maximizer.
iMaximize is a new product from AEGON Religare which can be taken only online.
This was launched on 24th Jan 2011
one more point against ulip v/s mf+term insurance is illiquidity. and also nontransferability.
Why did you thought of ULIP , was it only as an investment or you had focuss on insurance and wanted a insurance+investment product with a provision of systemic discipline and delivering returns in the equity space?
Have you visited the discusion on forum , the link for which is provided by Ramesh above?
Put it in some liquid MF and set up an STP to equity fund.
e.g. From fidelity cash fund to fidelity equity fund.
You may complete the STP within say 6 months.
If you had read the links above, especially the 2010 article link, you would have had a different point of view.
Thanks Debashis. That was an eye opener for me.
But then can you suggest me, where to put 1 Lakh ?
Thanks for you comments. I am well aware of ULIP products and was staying away from them so far because of the charges.
But now the situation has changed and ULIP are attractive with charges around 10%.
MF also charge certain percentage, but is somewhat unknown to the investor, since the amount is adjusted from NAV.
I have already invested heavily in MF SIPs and want to try as ULIP.
here is the right link
many thanks for pointing out the error
You seem to have made up your mind about investing in ULIPs. Before you do that, you may want to read a few articles we wrote in Moneylife
We are the only publication to have looked at ULIPs critically, which has cost us lots in terms of ads
Hope you are able to take the right decision
Can you again give the link of 2006 article? Both links of 2006 and 2008 reach the same article. It will provide a complete view of the writers so that we can analyse and comment correctly.
ULIPs are expensive and complex product. I suggest stay away from them.
There are better alternatives for example, Mutual Fund, Equity, PPF etc.
Please get in touch with good financial planner and invest wisely.
All ULIP’s have different features and flexibilities. Not necessary if one suits me, it will fit in your portfolio also. Also, there are number of charges in ULIP, which makes its return less than mutual funds. So, for better returns, it’s better to invest in equity diversified mutual funds.
Hope it will help you.
And obviously go through the extensive discussion in
Why do you want to invest in ULIP? Please think and answer.
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