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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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   Posted: 08/Jun/2008 at 9:17pm |
LIC is the one I would also choose, as a gut feel.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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chic_1978
Senior Member
Joined: 10/Aug/2006
Location: India
Online Status: Offline
Posts: 690
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Posted: 09/Jun/2008 at 3:56pm |
Hi guys
Wot r ur views abt ULIP's ....
I am confussed between 2 products:-
Product 1 (ULIP)
Sum Assured + Critical Illness: Rs 40 lacs
Term : 25 yrs & Premium : Rs 1 lac minimum for 3 yrs but according to me inorder to keep the policy alive for 25 years, I will hv to pay premium atleast for 6 years. Roughly speaking Rs 6 lacs will just keep the policy alive for 25 years without ne returns.
Only attraction is Critical Illness of Rs 40 lacs wherein incase of ne critical illness, I get sum assured immediately & company pays Rs 1 lac per year for remaining period of policy.
Product 2
Term Policy
Sum Assured : Rs 50 lacs
Term : 30 years
Premium Rs 18000/year = 5.40 lacs over 30 years.
Pls advice.
Tnx
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happy & wise investing
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 09/Jun/2008 at 4:48pm |
ULIP is the best product for an agent and the worst for an investor. Take a Term insurance with a MF SIP it will fetch you far higher returns.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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experteye
Senior Member
Joined: 20/Mar/2008
Location: India
Online Status: Offline
Posts: 496
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Posted: 10/Jun/2008 at 6:01pm |
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French insurance major AXA, in its global research on retirement, revealed that Indians find life insurance the most suitable retirement planning tool, followed by bank deposits. As much as 75% of the working population and 55% of retired respondents in the country cited life insurance as their primary retirement plan tool.
Indians are pretty clear that they do not want to take risks as far as their retirement planning is goes. Therefore, life insurance and bank deposits, which virtually do not have any financial risks, are the most popular. However, two Indians out of 10 find high-risk, high-return products more appealing.
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more risk,more profit but have a vision before taking risk,itis all about investment in equities market.
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 10/Jun/2008 at 9:59am |
Sahara India ad is quite impressive..gabbar ? 
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Don't bet on pig after all bull & bear in circle.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 10/Jun/2008 at 10:07am |
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What about the product?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 10/Jun/2008 at 10:22am |
Originally posted by basant
What about the product? |
Product is commodity. Cost matters most ....
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Don't bet on pig after all bull & bear in circle.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 10/Jun/2008 at 10:35am |
No, my argument was with respect to whether we can expect this group to be alive for my 30 year Term plan?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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