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Banking & Insurance Professionals
ULIP is an investment or Insurance?
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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)
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1
From day 1 of the job
2
This depends on your income, your expenses and your ability to save
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sanjay dey
| Added idea
"saving is a habit"
| 2 years ago
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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...
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AJAY SAXENA
| Supported idea
"from the first salary ideally"
| 2 years ago
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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 .
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sachin
| Supported idea
"From day 1 of the job"
| 2 years ago
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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...
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Ideate: "When should one ideally begin to save for retirement?" deleted from your view.
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(rate this)
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Yes
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4
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VS |
4
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No
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Shashi Kumar U
| Argues in support of
"Yes"
| 1 year ago
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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
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Vipin Bhasin
| Argues in support of
"No"
| 1 year ago
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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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