Category Archives: ULIP

Implications of the Proposed DTC on ELSS & ULIPS

Welcome back! Join me on this journey to improving our financial IQ and sharing what we know. Updates at RSS feed or Email. And spread the word please Thank You! Coming Soon! A “Financial Health Check & Planning Workshop”. Stay … Continue reading

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Posted in Taxes, ULIP | 6 Comments

Benefits of Buying Insurance Online

The Hindu Business Line has a report on “Why you should buy insurance online“. Excerpts: An array of insurance products in the life and general insurance spaces are issued online. Agent commission, which is a significant proportion of the cost … Continue reading

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Posted in Insurance, ULIP | 1 Comment

Adding Insurance to ULIP Now?

I have two questions. But first read the background: The IRDA has tightened the norms on all unit linked insurance plans (ULIPs) to offer life cover on these products and that they should offer a minimum sum assured payable on … Continue reading

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Posted in Insurance, ULIP | 2 Comments

Whether Disclosure of Commissions by Agents Will Work?

This post continues on what I posted two days back on IRDA asking Agents to disclose commission. A friend told me that the idea looks very good on paper, but practical implementation is very difficult. Let’s see how. The Irda … Continue reading

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Posted in Financial Awareness, Insurance, ULIP | Leave a comment

ULIP: Policy Administration Charges Instead of Premium Allocation Charge

DNA has a report on ULIPs and how some insurance companies are charging as high as 48% of first year premium towards policy administration charges. Earlier, insurers used to deduct a substantial portion of the premium being paid in the … Continue reading

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Posted in Financial Awareness, ULIP | Leave a comment