I own taken a ULIP Plan of Birla Sun Life Insurance. hold I took a right policy?
Answers:
Dear Sanju, actually, I am not contained by favour of any insurance policy. You know why? because a residence deposit (fixed deposit) can give you better interest (bonus) than an insurance. An ins. policy of 15 or more years can bequeath you maximum of 7 to 8% bonus per year, but in bag of such long term fixed deposit contained by a reputed bank or nouns company, you will earn even around 15% or more interest. The difference is that an insurance company seems offering bonus of 70-80% which is not true. It is in actual fact 7-8% only. Because, it calculate the percent on 1000 rupees but a bank or nouns co. calculates it on 100 rupees just. Insurance is fit for those only who are going to die soon.
No doubt the easiest way to get hold of insurance quotes is on the web.
Why would you misuse your time on the phone calling around?
the last time i needed quotes on insurance i used one of these comparison sites and it be great.
this is the site i used and it was express like smaller amount than 5 mins.
The last piece I want to do is listen to elevator music while waiting for a salesman.
Anyway I got fitting quotes and ended up good money so I was sunny.
So shop around and compare quotes which is easy on the network.
Good starting point is at this site.
http://insurance.deal4-you.com
Good luck.
ULIPs from any insurance company will charge the insurance charges, allocation and administration charges and the stability will be invested in unit. check the policy for houmany units you hold and multiply them with the NAV. and afterwards you will find how much you are loosing.
You can take an insurance policy at much cheaper rates from an insurance company and stability can be invested in 5 star rate ELSS funds where you can enjoy tax benefits as all right as high returns on your investments.
moral luck
pnkmurthy@yahoo.com
can you donate more details?
policy name-
premium amount-
allocation charge-
term-
yes, u r right. u have picked up the best ulip organism in the souk
No.remember me after 3 Years