Build your professional network on facebook via our app Go to app
 
<< Prev  31 of 35 in Topic  Next >>
Topic : life insurance
  Rate : 
Associated with other topics :
 

Are ULIP's a costly proposition ?

Created by : Ajeet Kumar Singh, Product Manager, ICICI Bank  | 10 08 2008 11:44:42 +0000
Industry : BankingFunctional Area : Growth(Strategy & Execution)
Keywords : Investment Market Insurance Security Investor Mutual Fund ULIP MF ULIPS Costly Proposition
Activity:  802 views;  last activity : 07 06 2010 20:18:09 +0000

ULIP's (Unit Linked Insurance Plans) have effectively become an investment product with a little smattering of insurance.

Are ULIP's a costly proposition ? What do you say?

  
Share
 
 
  Rate : 
 
 
Yes Vs No
4
 
 
 
 
6
3
4
Support   Support
Top Argument
1
0

Rather buy a performing diversified equity funds and take a term plan......
By Manoj Garg, RVP, Tata Asset Managment Co.  04 23 2009 13:04:00 +0000
 
Top Argument
1
1

ULIP gives you multiple benefits of Life Cover at Low Cost,Long term Investment gets you handsome returns,IT exemption benefits under sec.80c on your original investment and also Tax exemption on maturity amount...........Only thing one should be careful while deciding the plan is to see and check different charges om the plan and select the best plan which is really investords friendly.
By Haresh Vora, Insurance Advisor/Analyst LIC, BAJAJ ALLIANZ  10 10 2008 19:40:35 +0000
0
0

Why we forget insurance is contengency and will remain as contengecy.We indian have to change view that insurance is not investment tool, specially ULIP is costly product and missell by term of 3 yr. For understandin the ULIP product you must have to study about share market n returns on it n effectie switching which no one do. Pure riks is always cheap those who want to invest in ULIP they have option of MF returns are better than insurance.

We are not still come out of mentality of Income tax benefits, forget and buy insurance adequate which is much cheaper in pure risk than ULIP. Any insurance is for minimum 20yrs no for 3 yrs. So dont missel the products. Insurance must be a basket of various products not single product buy only best product suitable to your needs.

 
By Abhay Pendharkar, Risk Management Consultant  | 12 18 2008 19:48:49 +0000
0
1
Yes, For Mutual funds the commission and investment fee is very low , it is charged around two to three percent whereas the insurance industry charges commission of 30 to 40% on the investment part of ULIP's.
By Ajeet Kumar Singh, Product Manager, ICICI Bank  | 10 08 2008 11:44:42 +0000
1
1
ULIP's should be taken for longer term and it should idealy mature at our retirement year. The mortality charges is lesser than the pure term plan and this enables one to go for high life insurance cover. The returns are also very attractive on a long term. ULIP's are not meant for short term. Again we should be choosy about the product after analysing the charges as it varies from product to product.
By Balamurugan Gangadharan, Regional Manager, Shriram Life Insurance Co. Ltd.,  | 12 18 2008 10:06:46 +0000
0
1
In ULIP all the financial goals r satisfied.Under one umbrella u can get insurance cover with returns like mf and as well as tax savings.
By sharmaashish , Sales/BD Manager, hdfcslic  | 12 18 2008 02:53:51 +0000
0
1
The insurance industry provides benefits like incentive for the policyholder to stay invested in product for a long term to meet his financial goals, which brings down the comparative cost. If held over longer terms, ULIP pricing is very competitive and it will reap benefits.
By Murali Ramamurthy, Product Manager, Canara Bank  | 10 08 2008 11:46:09 +0000
Argue for "Yes"
Argue for "No"
 Found the debate "Are ULIP's a costly proposition ?"  interesting ?  Suggest to your connections and communities  
 
Viewers also viewed
Which is better ULIP or Mutual Funds?
 
25 referals 27 arguments, 2883 views
mutual fund vs insurance
 
342 referals 11 arguments, 284 views
Two years back when I started earning I did not have much idea about insurances.. But now I do...
 
1772 referals 5 votes, 220 views
more...  
Recent Knowledge (1)
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 502 views
more...  
Sponsored Jobs
More From Author
I THINK IT IS ONLY COUNTRY IN THE WORLD THAT IS SPENDING SO MUCH MONEY ON PROVING THE TERROR THAT HAS ALREADY TAKEN PLACE IN FRONT OF NATION, WHAT IS THE POINT OF TRAIL, IF WE HANG THE KASAB WITHIN 1 WEEK OF THE INCIDENT , WHO IS GOING TO ASK THE...
No i don't agree with dheeraj, even though the government is coming up with all those things it is difficult for the banks to provide separate products all together which is targeted at the rural India, and with huge number of migrations that is...
Hi sudeep, Customers should lock their money in FDs with longer tenure because interest rates are all set to come down, especially because of the current economic situation RBI is likely to reduce both repo and reverse repo rates to bring interest...
more...  
  • Popular Knowledge
  •  
  •  
  • Popular Jobs
  •