We need to understand that insurance is a risk product and investment or whatever return comes is just an add-on. D K Mehrotra, Chairman, LIC says this in an interview with LiveMint This really is a lucid explanation of insurance. But…
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Ranjan Varma's Blog
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Insurance is a Risk product and Return is just an Add-on
iMaximize: ULIP for Online Buyers with No Allocation Charge
ULIPs (Unit Linked Insurance Plan), though conceptually a good financial product which covers both insurance and investment needs, have earned bad publicity due to their heavy front loaded charges. Life Insurers have charged very heavy premium allocation charges initially. And…
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LIC’s Samridhi Plus
LIC has launched another ULIP called Jeevan Samridhi Plus. In India, the highest selling financial products seem to be those that combine insurance and investment. Even when Financial Planners are rationally arguing to keep insurance and investments separate. The reason…
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Pay Rs 2.5 Lakh, Get Back Rs 80K
I am sharing an anguished letter that explains how you can shave off 75% of your investments by giving in to pushy ULIP sellers! The idea of sharing the letter is that you don’t commit the same mistakes. We all…
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ULIPs: Between The Devil & Deep Sea?
The new ULIPs are far better for the customers especially when you have a long term view while getting into a ULIP contract. But what if you have bought the old ULIP with it’s high cost structure and want to…
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The New ULIPs in Town
After September 1, 2010, the Life Insurance companies had to come out with new ULIPs where they had to significantly curtail down the charges. This is because as per the IRDA, the difference between the gross yield (actual return earned…
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Implications of the Proposed DTC on ELSS & ULIPS
The revised discussion paper on DTC, has an effect of loss of tax immunity on the popular Equity Linked Savings Scheme (ELSS) and ULIPs. Presently, the revised discussion paper, has mentioned only the following six schemes will be tax-free, thus…
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