Comments on: ULIP Investment: 50000 turns into 47000! http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/ Changing the way we learn and manage our money Tue, 16 Mar 2010 08:46:18 +0500 http://wordpress.org/?v=2.9.2 hourly 1 By: How to Sell ULIPs to Unsuspecting Customers » Ranjan Varma http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-5351 How to Sell ULIPs to Unsuspecting Customers » Ranjan Varma Tue, 19 Jan 2010 06:30:37 +0000 http://ranjanvarma.com/?p=692#comment-5351 [...] though I hate ULIPs, I pretended to be another uninformed customer. I listened to their articulate description of the [...] [...] though I hate ULIPs, I pretended to be another uninformed customer. I listened to their articulate description of the [...]

]]> By: reply http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3392 reply Mon, 13 Jul 2009 09:10:21 +0000 http://ranjanvarma.com/?p=692#comment-3392 hi. no comments on my post chsvja.needs your attention please! hi.
no comments on my post chsvja.needs your attention please!

]]> By: Four Parameters to Measure your Investment Decisions « Paisa Blog http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3359 Four Parameters to Measure your Investment Decisions « Paisa Blog Sun, 12 Jul 2009 06:49:44 +0000 http://ranjanvarma.com/?p=692#comment-3359 [...] Example: A CEO of a tech Startup invested Rs 50000/- in a ULIP when the Sensex was around 10000. [...] [...] Example: A CEO of a tech Startup invested Rs 50000/- in a ULIP when the Sensex was around 10000. [...]

]]> By: chsvja http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3297 chsvja Wed, 08 Jul 2009 15:59:59 +0000 http://ranjanvarma.com/?p=692#comment-3297 dear all,welcome to the board ! 1.many investors fed up in paying very longer premium payment term in LIC, 2.ulip polices offer premium holiday or cover continuity after 3 policy years. 3.This benefit is given by IRDA to minimise the policy lapsation. 4.ulips are projected by pvt.life insurance companies as pay 3 years, take double of your paid amount. 4.I personally believed this in a BULL RUN period of 2005-07. 5.Agents showed rosy projections of future returns. 6.very important observation of mine is most of these new ulip policy holders never understood the hidden charges and risks. 7.monopoly of LIC and the new tech,hi fi sales guys calling themselves as RELATIONSHIP managers and agents as financial planning advisors or conusltants, and very highly decorated central A,C,huge corporate offices(with pantry services which i liked very very much) presented a new face to many many innocent, financial illiterates. 8.A very very good opportunity to earn smart money prompted and pushed many of the greedy people to become agents without any basic education or work experience. 9.It is not fair for me to comment but the way the exams are conducted and certificates(valid for three years) are issued. 10.to conclude, kindly remember pvt.life companies had spent a lot of money in this BUSINESS,which will be recovered from the policy holders,they know how to lobby! 11.I never believed that first year annual premium will be credited to policy holder with 30% addition at the time of MATURITY.such products are already flooded in the market. KINDLY CROSS CHECK WHAT I SAID! i read this blog. thanks and spread this message dear all,welcome to the board !
1.many investors fed up in paying very longer premium payment term in LIC,
2.ulip polices offer premium holiday or cover continuity after 3 policy years.
3.This benefit is given by IRDA to minimise the policy lapsation.
4.ulips are projected by pvt.life insurance companies as pay 3 years, take double of your paid amount.
4.I personally believed this in a BULL RUN period of 2005-07.
5.Agents showed rosy projections of future returns.
6.very important observation of mine is most of these new ulip policy holders never understood the hidden charges and risks.
7.monopoly of LIC and the new tech,hi fi sales guys calling themselves as RELATIONSHIP managers and agents as financial planning advisors or conusltants,
and very highly decorated central A,C,huge corporate offices(with pantry services which i liked very very much)
presented a new face to many many innocent, financial illiterates.
8.A very very good opportunity to earn smart money prompted and pushed many of the greedy people to become agents without any basic education or work experience.
9.It is not fair for me to comment but the way the exams are conducted and certificates(valid for three years) are issued.
10.to conclude, kindly remember pvt.life companies had spent a lot of money in this BUSINESS,which will be recovered from the policy holders,they know how to lobby!
11.I never believed that first year annual premium will be credited to policy holder with 30% addition at the time of MATURITY.such products are already flooded in the market.
KINDLY CROSS CHECK WHAT I SAID!
i read this blog.
thanks and spread this message

]]> By: chsvja http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3296 chsvja Wed, 08 Jul 2009 15:54:52 +0000 http://ranjanvarma.com/?p=692#comment-3296 dear all,welcome to the board ! 1.many investors fed up in paying very longer premium payment term in LIC, 2.ulip polices offer premium holiday or cover continuity after 3 policy years. 3.This benefit is given by IRDA to minimise the policy lapsation. 4.ulips are projected by pvt.life insurance companies as pay 3 years, take double of your paid amount. 4.I personally believed this in a BULL RUN period of 2005-07. 5.Agents showed rosy projections of future returns. 6.very important observation of mine is most of these new ulip policy holders never understood the hidden charges and risks. 7.monopoly of LIC and the new tech,hi fi sales guys calling themselves as RELATIONSHIP managers and agents as financial planning advisors or conusltants, and very highly decorated central A,C,huge corporate offices(with pantry services which i liked very very much) presented a new face to many many innocent, financial illiterates. 8.A very very good opportunity to earn smart money prompted and pushed many of the greedy people to become agents without any basic education or work experience. 9.It is not fair for me to comment but the way the exams are conducted and certificates(valid for three years) are issued. 10.to conclude, kindly remember pvt.life companies had spent a lot of money in this BUSINESS,which will be recovered from the policy holders,they know how to lobby! 11.I never believed that first year annual premium will be credited to policy holder with 30% addition at the time of MATURITY.such products are already flooded in the market. KINDLY CROSS CHECK WHAT I SAID! i read this blog. thanks dear all,welcome to the board !
1.many investors fed up in paying very longer premium payment term in LIC,
2.ulip polices offer premium holiday or cover continuity after 3 policy years.
3.This benefit is given by IRDA to minimise the policy lapsation.
4.ulips are projected by pvt.life insurance companies as pay 3 years, take double of your paid amount.
4.I personally believed this in a BULL RUN period of 2005-07.
5.Agents showed rosy projections of future returns.
6.very important observation of mine is most of these new ulip policy holders never understood the hidden charges and risks.
7.monopoly of LIC and the new tech,hi fi sales guys calling themselves as RELATIONSHIP managers and agents as financial planning advisors or conusltants,
and very highly decorated central A,C,huge corporate offices(with pantry services which i liked very very much)
presented a new face to many many innocent, financial illiterates.
8.A very very good opportunity to earn smart money prompted and pushed many of the greedy people to become agents without any basic education or work experience.
9.It is not fair for me to comment but the way the exams are conducted and certificates(valid for three years) are issued.
10.to conclude, kindly remember pvt.life companies had spent a lot of money in this BUSINESS,which will be recovered from the policy holders,they know how to lobby!
11.I never believed that first year annual premium will be credited to policy holder with 30% addition at the time of MATURITY.such products are already flooded in the market.
KINDLY CROSS CHECK WHAT I SAID!
i read this blog.
thanks

]]> By: Ranjan http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3251 Ranjan Tue, 07 Jul 2009 07:26:51 +0000 http://ranjanvarma.com/?p=692#comment-3251 It's obviously lack of awareness. There's an information asymmetry there. The seller knows much more tha the buyer and the disclosures are not there. It’s obviously lack of awareness. There’s an information asymmetry there. The seller knows much more tha the buyer and the disclosures are not there.

]]> By: Guresh http://ranjanvarma.com/ulip-investment-50000-turns-into-47000/comment-page-1/#comment-3250 Guresh Tue, 07 Jul 2009 06:55:41 +0000 http://ranjanvarma.com/?p=692#comment-3250 So why people are crazy to go and invest in ULIP'S. what factors motivating them towards that direction? So why people are crazy to go and invest in ULIP’S. what factors motivating them towards that direction?

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