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Banking & Insurance Professionals

 

ULIP is an investment or Insurance?

Tags : Insurance
Industry : Insurance
Functional Area : India
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About "ULIP is an investment or Insurance?" topic:

One of my friend wanted to invest some amount, some one had suggested him to invest in ULIP which gives investment option and Insurance both, but i think we should not club both to gether, as ULIP has higher Allocation,FMC and Admin charges compare to Mutual fund, So isuggested him to buy a term Plan and to invest in to Mutual Fund.

1 debates , 1 idea contests on topic: "ULIP is an investment or Insurance?"
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(rate this)
1 From day 1 of the job
2 This depends on your income, your expenses and your ability to save
sanjay dey  |  Added idea  "saving is a habit"  |  2 years ago
To save you have to practice saving. It is a practice. One fine day you cannot start saving may be it is your first salary. Saving should ideally be started as a teenager. The first saving should be from the pocket money. CUT THE EXPENSE for a...
AJAY SAXENA  |  Supported idea  "from the first salary ideally"  |  2 years ago
It is never too early to start for retirement.To encash the growth potential and compounding effect of your money start planning for retirement from day one .
sachin  |  Supported idea  "From day 1 of the job"  |  2 years ago
I was not a money saver ever. My father always forcefully make me to do this in early stage of my professional life cycle. And really guys today i know the benefit of savings...i am too agree that u shud start saving from day 1 of your job...as...
 
 
Ideate: "When should one ideally begin to save for retirement?" deleted from your view.
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Yes 
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4
 No
Shashi Kumar U  |  Argues in support of  "Yes"  |  1 year ago
ULIP is a very good investment instrument.as it covers the risk factor plus it provides gorth so there will always be good demand for it
Vipin Bhasin  |  Argues in support of  "No"  |  1 year ago
I don't think it was the major issue if we are talking about small and retail investor. there are very less percentage of investors who know the actual process or behind the schemes story. Yeah it was an issue for Insurance companies to survive...
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Debate: "Will the end of ULIP turf war boost investors' appetite for these schemes?" deleted from your view.
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Other knowledge matching "ULIP is an investment or Insurance?" topic
Posted by: Sr. Associate, UBS
Activity: 9 referals , 1 comments, 314 views  
Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions will usually (not necessarily always) be closed before the market close of the trading day. This is different from After-hours trading. Traders that participate in day trading are called day traders. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures. Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management. However, day trading has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the internet. First of all let me give you few tips that you must follow if you are going...
 
 
 
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