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Urban India choses ULIPs: Do you agree?

Created by : Prakash Khairnar, Sr. Associate, DSP Merrill Lynch  | 01 05 2010 14:01:22 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : ulips urban india
Activity:  262 views;  last activity : 07 06 2010 20:18:09 +0000

According to a report, the popularity of life insurance companies promising higher returns on maturity is growing as urban Indians prefer life insurance instruments which provide an assured sum on or sometimes before maturity.

Of the 10,000 respondents surveyed in 15 Indian cities,
* 60%  admitted of having at least one insurance policy;
* 65% said they had an ULIP as compared to a simple term plan where there are no assured returns and the insured money is only paid in case of death of the policy holder.
* Kolkata and Mumbai have the largest of consumers who had their life insured. 85% respondents in Kolkata and 84% in Mumbai report having purchased life insurance.

As we can see, the survey reveals most of the Urban India prefers Ulips to be the best invest options. Do you agree with this result?

  
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I agree with this report. Mutual fund's growing demand is not surprising. They indeed are far better than Mutual funds and can very easily make us rich. Mutual fund investors have the option of either making lump sum investments or investing using the systematic investment plan (SIP) route which entails commitments over longer time horizons. Here, mutual fund houses are required to statutorily declare their portfolios on a quarterly basis as  offerings in both the mutual funds segment and ULIPs segment are largely comparable. This holds good, irrespective of the nature of the plan chosen by the investor.


By Prakash Khairnar, Sr. Associate, DSP Merrill Lynch  | 01 07 2010 05:02:22 +0000
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