druva Posted April 25 Report Share Posted April 25 https://www.sbilife.co.in/en/individual-life-insurance/ulip/smart-privilege is it worth it? Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted April 25 Report Share Posted April 25 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. Quote Link to comment Share on other sites More sharing options...
Aquaman Posted April 25 Report Share Posted April 25 uilip plans are bad ani vinna, they have lot of hidden fees i think @Spartan use this Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted April 25 Report Share Posted April 25 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. Quote Link to comment Share on other sites More sharing options...
Spartan Posted April 25 Report Share Posted April 25 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 Quote Link to comment Share on other sites More sharing options...
KiKiKi Posted April 25 Report Share Posted April 25 avoid ulips..put in some index funds/stocks and get good term coverage Quote Link to comment Share on other sites More sharing options...
Aquaman Posted April 25 Report Share Posted April 25 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? Quote Link to comment Share on other sites More sharing options...
Spartan Posted April 25 Report Share Posted April 25 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 Quote Link to comment Share on other sites More sharing options...
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