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  #1  
Old 5th December 2007, 08:16 PM
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Default It's all about ULIP's



Dear all,

I am starting a new thread based on ULIPs. I will be posting all the schemes offered by different Insurance companies, their merits, de-merits for the sole purpose to let my fellow members know which ULIP to invest in?

Any comments or posts are most welcome.
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  #2  
Old 5th December 2007, 09:45 PM
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Smile ICICI Pru

My father has been investing in ICICI Pru ULIP for the last 4 years. He had invested in Balancer fund first, but shifted to Maximizer in March. It was 43 then, and now its 67!
I think that it has been quite a good performer among ULIPs. I think it will perform better too.
I dont know much about others though. Not much information about them is available, is there??.
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  #3  
Old 6th December 2007, 09:23 PM
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Default ULIP Products on Offer

Dear all, I am posting different ULIP products offered by various Insurance Companies.
--------------------------
LIC

1. Market Plus
2. Profit Plus
3. Fortune Plus
----------------------------

ICICI Prudential Life Insurance

1. SmartKid New Unit-linked (Sinle Premium Option Available)
2. LifeTime Gold
3. LifeTime Super
4. LifeLink Super
5. PremierLife Gold
6. LifeTime Plus
7. LifeStage
8. InvestShield Life New
9. InvestShield CashBak
10. LifeTime Super Pension
11. LifeLink Super Pension
----------------------------

HDFC Standard Life Insurance Co.

1. HDFC Unit Linked Pension
2. HDFC Unit Linked Pension Plus
3. HDFC Unit Linked Endowment
4. HDFC Unit Linked Endowment Plus
5. HDFC Unit Linked Young Star
6. HDFC Unit Linked Young Star plus
----------------------------

Birla Sun Life Insurance

1. Birla Sun Life Insurance Gold-Plus
2. Supreme Life
3. SimplyLife
4. PrimeLife Premier
5. PrimeLife
6. Flexi Cash Flow
7. Flexi Save Plus
8. Flexi Life Line Plan
9. Single Premium Bond
10. Flexi SecureLife Retirement Plan
----------------------------

Max New York Life Insurance

1. Life Partner Plus
2. SMART Steps
3. SMART Steps Plus
4. SMART Steps (Single Premium)
5. SMART Invest Pension Plan
6. Life Maker – Premium
7. Life Maker – Gold
8. Life Maker – Platinum
9. Life Invest
----------------------------

Bajaj Allianz Life Insurance

1. New UnitGain Plus
2. New UnitGain Easy Pension Plus
3. New UnitGain Premier SP
4. New UnitGain Super
5. New FamilyGain
6. New UnitGain Plus SP
7. UnitGain Guarantee SP
8. UnitGain Plus Gold
9. CenturyPlus
----------------------------

Tata AIG Life Insurance

1. InvestAssure II
2. InvestAssure Plus
3. InvestAssure Extra
4. InvestAssure Gold
----------------------------

ING Vysya Life Insurance

1. ING LifePlus
2. ING Positive Life
3. ING Creating Star
4. New One Life
5. High Life
6. High Life Plus
7. The Best Years Retirement Plan
----------------------------

Met Life Insurance

1. Met Advantage Plus
2. Met Easy
3. Met Smart Plus
4. Met Smart Premier
5. Met Smart Plus (Single Premium)
6. Met Smart Premier (Single Premium)
----------------------------

Kotak Mahindra Old Mutual Life Insurance

1. Kotak Platinum Advantage Plan
2. Kotak Privileged Assurance Plan
3. Kotak Retirement Income Plan (Unit-linked)
4. Kotak Safe Investment Plan II
5. Kotak Flexi Plan
6. Kotak Easy Growth Plan
----------------------------

SBI Life Insurance

1. Horizon II
2. Unit Plus II.
3. Horizon II (Pension)
4. Unit Plus II. (Pension)
----------------------------

Reliance Life Insurance

1. Reliance Secure Child Plan
2. Reliance Money Guarantee Plan
3. Reliance Golden Years Plan
4. Reliance Golden Years Plan Value
5. Reliance Golden Years Plan Plus
6. Reliance Market Return Plan
7. Reliance Automatic Investment Plan
----------------------------

Sahara Life Insurance

1. Sahara Swabhimaan
2. Sahara Ankur
3. Sahara Sanchay-R
----------------------------

ShriRam Life

1. Shri Plus
2. Shri Plus (SP)
3. ShriVishram
----------------------------

Bharti AXA Life Insurance

1. Wealth Confident
2. Future Confident
3. Future Confident II
4. Invest Confident
5. Aspire Life
=============================================
Disclaimer:The list is prepared from the data available on the respective websites of the Insurance Companies. This list is not exhaustive. i.e. some products may be left behind. Please check the respective website for more details of a particular product.
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  #4  
Old 6th December 2007, 09:33 PM
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Dear Gauravdv
Great Work!!!!! Can you put more light of HDFC HDFC Unit Linked Pension Plus? Its merit and de-merits........
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  #5  
Old 8th December 2007, 10:00 PM
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Default

Quote:
Originally Posted by parveen009 View Post
Dear Gauravdv
Great Work!!!!! Can you put more light of HDFC HDFC Unit Linked Pension Plus? Its merit and de-merits........
HDFC Unit Linked Pension Plus:

This plan by HDFC Standard Life Insurance offers nothing other than the benefit of any other ULIP offered by insurance cos. Just the name has been "Pension Plus"
This fund gives you the option to choose from 7 Funds. These are:

1. Liquid Fund Rs. 25.2514
2. Stable Managed Fund Rs. 25.5681
3. Sovereign Fund Rs. 22.8103
4. Secure Managed Fund Rs. 23.3505
5. Defensive Managed Fund Rs. 29.8017
6. Equity Managed Fund Rs. 57.1314
7. Growth Fund Rs. 75.4613

The rates given against each fund provides the current price of each unit.

In these funds the exposure to equity ranges from 0% to 100% depending on the choice of fund you makes. Liquid fund has no exposure to equity. And Growth fund has 100% exposure to equity i.e. in growth fund all your money may be invested in equity but in Liquid your money is invested in Govt. Securities or Bonds etc.

The return, as you can see from the price per unit, also varies. It is less for Liquid fund, but as exposure to equity increases so the price per unit.
It indicates that maximum exposure to equity in good especially in long term.

As the name suggest, this ULIP is Pension Plan. So, in my opinion, you will not need the money prett soon, i.e. you will need the money say after 25-30 years. So, I will suggest that you opt for Growth Fund.

Minimum entry age is 18 years and maximum is 65 years.
Minimum term is 10 years and maximum is 40 years.

Vesting age is minimum 50 years and maximum 75 years.

you can get your money back as per Govt. Rules and regulations prevailing at the time of vesting.
On vesting you have following options:
1. Get 1/3 of your money in cash and rest in annuity.
2. You can continue the ULIP as annuity fund with HDFC or any other insurer.

In case of death, the nominee will get all the unit at prevailing unit price.

No surrender is allowed in first three years.

Charges are 0.80% per year Fund Management Charges.
Rs. 20/- per month as Policy Admn. Charges.
Other charges are irrelevant if you pay your premium regularly and leave all the mathematics to Fund Manager.

The main culprit in this ULIP is Premium Allocation Charges. In first year, you will get only 50% allocation and there after 99% allocation. Means the premium paid in first year will be equal to half the units allocated.

You will get tax deduction upto Rs. 100000/- u/s 80CCC. Mind you, this is tax deduction limit and not the investment limit in the ULIP. i.e. you can invest more than i lac but tax deduction available is Rs. 100000/-

In addition to this the co. will give you 0.10% bonus units at the end of every year.

Now, I have kept all the points for your scrutiny.

Now take an example

If you start this ULIP with Rs. 10000/- initial investment. Rs. 5000/- will be deducted as initial charges. And will charge Rs. 20/- per month as PAC. It works out to 0.25%. Add another 0.80% as FMC. Deduct 0.10% bonus units. it works out to 51% deduction from first year premium, which does not make any sense. Moreover according to this calculation, tehy will continue to deduct around 1.50% charges every year.

I will prefer ELSS over this plan. As they are more professionally manages and attracts no tax as Long Term Captial Gains is exempt after i year of holding and gives you the added advantage of Tax Deduction.

Now, my dear choice is yours, i have discussed all the merits and de-merits of the policy. Now it is up to you to decide whether to go for this or not?

Dear all, my explanation can be less understandable. Please correct me so that I can improve in future.

Comments are invited. Thanks.
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  #6  
Old 8th December 2007, 11:02 PM
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Dear Gauravadv
Thanks, normally in all ULIP's the dedcution starts from atleast 20% based on primary premium...... Which ULIP or ELSS you suggest me? I have around 1 lac to invest for begining.
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  #7  
Old 9th December 2007, 02:53 PM
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Default

Dear parveen009,

You can go for any ULIP or ELSS. Just made it clear that what do you want to do.

If you want to make one-time investment then the ULIP discussed in earlier post is not bad, as in case of lumpsum payment the allocation rate increases damatically to 97.50% and Allocation Charges is only 2.50%. You can use top-ups for subsequent years or just buy another new policy from the same insurer.

In ELSS charges are 2.25% entry load and no exit load. Moreover, in ELSS other exp. are
AMC Fees 1.25%
Operational Expenses 0.25 %
Marketing Expenses 1.00 %
Total 2.50%

Means total 4.75% deductions.
Now, it is up to you to decide.
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  #8  
Old 25th December 2007, 03:35 PM
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My Personal opinion is that buying ULIPs(Whole Life Insurance) doesn't make financial sense most of the time. For people who do need insurance, buying Term Life Insurance is always better.

Insurance & Investment are 2 different things - best not to mix them. If you want both - why not do both separately - i.e. buy Term Life Insurance & Invest in a mutual fund.

Brokers get huge commisions on Whole Life Insurance(ULIPs) - upto 40% of your first years premium. Why do you think insurance companies are ready to pay such huge commisions & whose money do you think they are using to pay this commision.

Whole Life Insurance is the most profitable thing a broker/bank/Advisor can sell you - that's why there is high pressure selling.

Do a financial comparison between Whole Life as against Term Life+Mutual Fund - the 2nd option always is better for you as a consumer & the first option is always better for the seller.

2nd thing to consider is that most people do not need insurance at all.

Just a few weeks back, I advised a 25 year old friend not to buy insurance - term life or whole life. Insurance is a peculiar financial product - you never win with Insurance. In insurance, you will benefit, if you die early, that's when you get maximum benefit & pay least premium. The company will benefit if you don't die for a long time. i.e. when you buy life insurance you are betting that you will die soon & the company is betting that won't die soon. Either way, you lose.

So first thing to always consider is whether you need Life Insurance - not everyone does. If you die & people dependant on you will not suffer a huge change in lifestyle then it's better to not get insurance & instead invest the premium - i.e. self insure.
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  #9  
Old 25th December 2007, 04:58 PM
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I have HDFC Unit Linked Endowment which i did 2 years back.. But No idea what it is..

Any light on this ?
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  #10  
Old 29th February 2008, 10:17 AM
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Default Need help in MET Smart

Hi all,

I have seen you posting on ULIP, quite informative.

he is suggesting for the MET Smart plan. Please do let me know your analysis and views on this.

thanks.

bhagwat
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  #11  
Old 21st March 2008, 05:14 PM
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Default ULIP & Tax Rebate

Hello Members please answer my following questions
1)I have a single premium ULIP plan of LIC without risk cover ,how much tax rebate will I get?
2)also I have a single premium ULIP plan with risk cover ,how much tax rebate will i get?
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  #12  
Old 21st March 2008, 07:53 PM
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Whether the plan has risk cover or not, is altogether different thing.

All ULIP Plans and LIC plans have IT rebate.
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  #13  
Old 23rd March 2008, 08:51 AM
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As far as I know, in single premium policy(as well as yearly) the premium should not be more than 20 % of capital sum assured .
Means if I have a single premium policy of say 100000 premium then I will get tax rebate on 20,000 only.(as the sum assured is 100000 only)
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  #14  
Old 9th June 2008, 07:21 PM
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Default ULIP Returns Calculator

Hi Gourav and others!!

here's a remarkable page which has a ULIP returns calculator...
its damn cool!

the link is given below...

ULIP Returns Calculator

I hope u all find it useful...

Armaan!
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  #15  
Old 26th September 2008, 04:09 PM
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Default Regarding Asprire Life Of Bharti Axa

Hi

I am new in ULIP Plan. Recently I take a plan of aspire life from Bharti Axa. I want to know about growth of my money. My Premium is 18000 pa. I also want to know where is my money is using.

thanks

Ranjan
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  #16  
Old 26th September 2008, 05:40 PM
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Well my friend, your returns are linked to performance of market and depending upon which "Class of funds" your policy is linked to?

You haven't mentioned which Mutual Fund your policy is linked too, so that we can see what your fund manager has bought for you?

Apart from that ULIP = Unit linked "INSURANCE" Plan. I though you bought insurance for yourself and not an instrument which will give you return or investment vehicle ?

Also ...How much is your insurance cover?

Last edited by man4urheart : 26th September 2008 at 05:42 PM.
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