Sir thanks for the explanation. I have ULIP in LIC but is one time. And maturity @20 years will the mortality charge applies monthly for one time also.
Sir make a video for New Investors considering Current/future market projections regarding 1) Index funds or active funds 2) SIP or Lumpsum 3)Nifty50 or NN50 Which way to go? (I'm a intern doctor, about to start investing)
Sir from my observation only Ultra rich individuals who don't know what to do with their money invest in ulip to avoid tax ... Not suitable for normal investors... Now govt has brought taxation on ulip of annual premium above 2.5 lakhs ... Now the product has practically no benefit
Sir, I have 2 more years to pay the premium for the ULIP. 5 years policy premium and 10 years total policy term. After reading the policy document I figured out, they have premium allocation charge, fund management charge, mortality charge etc. In total so far 6-8% getting deducted for first five years when premium is paid. And for next five years they say its your money (end of lock-in period) and will have compounding benefit. Could you imagine 5 years for compounding!!! WTH. In total ULIP is big scam. Lesson learnt never fall in this trap. In fact it was sold to me by my close friend(claiming himself as wealth manager). I ended up discontinuing the friendship with him for life and also warned and educated others about such policies.
thanks sir but for me its too late to realize ;P . my plan's maturity is 10 yrs and I've completed 8 years now (eligible to exit). would you advise me to close the policy now? in my policy there are two values are showing sum assured is 2.75L. fund value is 2.25L. if I close my policy now, I will get 2.25? is that correct? please clarify. Thank you n advance.
Thank you for this knowledge. I started ULIP for a 10 year period without knowing these problem. Currently in 3rd year. Should it be wise to cancel it ? as i already have a term insurance covered.?
Thank you Pattu Sir, this is eye opener I got into this trap and paid last 3 years I need to pay 2 more years to finish lock in period would it be wise not to pay next 2 years and take the money out after 5 years. Please advice sir
Sir, I am 27 years old and i started investing in nifty index fund of 2000rs monthly and planned to invest for 30 years by increasing the amount by 10% each year, will it be sufficient, please sugest.
I was convinced by an agent to buy ULIPs.. Nalla velai.. By seeing this video I escape from that trap. Thanks sir🙏🙏
நன்றிங்க. முதலீடு வேறு, காப்பீடு வேறு. முதலீடு மற்றும் காப்பீட்டில், காப்பீடும் தேறாது, முதலீடும் வளராது.
aha! Nice!
Exceptional explanation sir!!! I became your fan after watching this video!!
Super ji..Nice info..recently subscribed to ur channel..getting good n clear infos..Thanks
Sir , please explain mutual fund expenses ratio daily basis or monthly basis or annual basis?
தமிழில் நிறைய வீடியோக்களை வெளியிட்டால் நன்றாக இருக்கும்.
Sir post a video on surrender and abour annuity plans .
Sir thanks for the explanation. I have ULIP in LIC but is one time. And maturity @20 years will the mortality charge applies monthly for one time also.
Sir make a video for New Investors considering Current/future market projections regarding
1) Index funds or active funds
2) SIP or Lumpsum
3)Nifty50 or NN50
Which way to go?
(I'm a intern doctor, about to start investing)
Sir from my observation only Ultra rich individuals who don't know what to do with their money invest in ulip to avoid tax ... Not suitable for normal investors... Now govt has brought taxation on ulip of annual premium above 2.5 lakhs ... Now the product has practically no benefit
Sir, I have 2 more years to pay the premium for the ULIP. 5 years policy premium and 10 years total policy term. After reading the policy document I figured out, they have premium allocation charge, fund management charge, mortality charge etc. In total so far 6-8% getting deducted for first five years when premium is paid. And for next five years they say its your money (end of lock-in period) and will have compounding benefit. Could you imagine 5 years for compounding!!! WTH. In total ULIP is big scam. Lesson learnt never fall in this trap. In fact it was sold to me by my close friend(claiming himself as wealth manager). I ended up discontinuing the friendship with him for life and also warned and educated others about such policies.
True I got cheated by bank manager itself.many middle class people are locked.
My fund value is in minus value bcoz of current market. I have to pay one more last premium. It's 5 lac. Please advise do I have to continue or quit?
Can you make video in english
thanks sir but for me its too late to realize ;P . my plan's maturity is 10 yrs and I've completed 8 years now (eligible to exit). would you advise me to close the policy now?
in my policy there are two values are showing sum assured is 2.75L. fund value is 2.25L. if I close my policy now, I will get 2.25? is that correct? please clarify.
Thank you n advance.
U will get 2.25 L
Thank you for this knowledge. I started ULIP for a 10 year period without knowing these problem. Currently in 3rd year. Should it be wise to cancel it ? as i already have a term insurance covered.?
Pattu sir. Same problem here too. Please advise
pay until lock gets over and quit
Thank you Pattu Sir, this is eye opener I got into this trap and paid last 3 years I need to pay 2 more years to finish lock in period would it be wise not to pay next 2 years and take the money out after 5 years. Please advice sir
Sir,
I am 27 years old and i started investing in nifty index fund of 2000rs monthly and planned to invest for 30 years by increasing the amount by 10% each year, will it be sufficient, please sugest.
It based on your goal. Please check previous video, define goal, calculate the required corpus and decide
Irdai is waste they are not in snyway interested about the customers.i.git mis selled by the bank manager itself