Any one using SBI Life Smart Privilege ?

[druva]

https://www.sbilife.co.in/en/individual-life-insurance/ulip/smart-privilege

 

is it worth it?

[Konebhar6]

Max life has some good Insurance Policies. I took one in 2019 and paid Premiums for 5 yrs. 

Yearly Premium Paid	Date	Amount
500000	11-Jul-2019	500000
500000	14-Jul-2020	1000000
500000	13-Jul-2021	1500000
500000	14-Jul-2022	2000000
500000	18-Jul-2023	2500000

They manage the Investment moving it around. Fund value has grown to 38 lacs in April 2024. That's very good returns and you don't even need to manage the funds. 

There is another policy I took where I have to pay rs. 5 Lacs premium every year for 12 years. At the end of 12 years, they start paying a monthly dividend/income of 60k/month for the next 10 years. At the end of 22 years there is a lumpsum of 2 cr given to you. All this while being insured for a good sum. If anything happens to the person insured during the initial 12 years, you dont have to pay anything more and all the benefits will be availed. 

TATA has good plans as well. 

Its better to talk to a good Insurance agent. Someone who is genuine and offers right advice.

[Aquaman]

uilip plans are bad ani vinna, they have lot of hidden fees

 

i think @Spartan use this

[Konebhar6]

There are hidden fees in pretty much everything. My experience - ICICI PRU screws. MaxLife is decent. 

Max charge fees for maintaining the portfolio. They make investments. Charges are decent. 

ICICI does nothing, still fees are very high. If you keep track of the number of Units you have and track them, you will understand. Otherwise you will never know about these fees. OF course these are in the yearly statements but not many will read them. They are sent to your address in India. 

[Spartan]

3 hours ago, Aquaman said:

uilip plans are bad ani vinna, they have lot of hidden fees

 

i think @Spartan use this

pulled out anna after 2-years

[KiKiKi]

avoid ulips..put in some index funds/stocks and get good term coverage 

[Aquaman]

54 minutes ago, Spartan said:

pulled out anna after 2-years

how to pull out? premiumpay cheyak pothe automatic ga break avuthadha?

how to get back money that you paid so far? fee cut avuthadha or penatly?

[Spartan]

1 hour ago, Aquaman said:

how to pull out? premiumpay cheyak pothe automatic ga break avuthadha?

how to get back money that you paid so far? fee cut avuthadha or penatly?

yes premium pay cheyakapote 1 yr lo block chestadu

and then for remaining of your pay period he will convert it to FD and give interest

you can take out the cash after the pay period lapse