Originally Posted by anish09
Pls keep insurance and investment separate. Both have there own importance in everybody life.
Pls keep insurance and investment separate. Both have there own importance in everybody life.
But what about retirement and child care plans? They are wealth creation plans.
The insurance element in child care plans are that if something happens to the insured, the child doesn't have to pay anything for premium and coverage goes on till the last. Which is not the case in any other investment product.
ULIPS also provide valuable insurance cover at a cost lesser than Term insurance plans. So a combination Term and Mutual funds is costlier than stand alone ULIP over the long run.
Can you please provide an explanation with example to explain your statement?
You are 100% wrong here. ULIP has lots of upfront charges, please search on this forum and read more about ULIP. Don't make any comment without research.
Most of you suggest to go for Term Insurance with combination of mutual fund. Please suggest me some good mutual fund for the SIP of atleast 15 yrs. What strategy should I adopt for such a long term?
Funda of ULIP plans
1. Min investments for 12 - 15 years .
2. Go for monthly paying mode in maximum equity exposer
3. If your motive is life insurance (1st), investment & tax benefit.
4. Can't take out before 3 yrs.
5. Expert agent / advisor needed for proper switching to gain 58% p.a.
Funda for mutual fund
1. Term for 2 - 3 yrs.
2. Motive is only investment.
3. SIP is best way to invest / else when market is down 1500 points .
4. Can redeem after 1 year with 10% gain (without any exit load)
5. Proper market watch required
Review your investments once in a year and dump non performing MFs, after every review.
You will pick up maximum wrong numbers when on roaming.
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