Never go for a ULIP, it is an absolute worthless product. It doesn't even come nearly as close as a mutual fund. Always keep insurance and investment separate. If you want insurance, get a term life insurance.

Irrespective of the insurance, their fund's long term returns are still about 15%. Isn't that good enough considering I don't know a lot about mutual funds/stocks?

Software Engineer

I would say more like 10-12%. But yeah, you get to decide what way you would want to go through. And you don't have to know a lot about mutual funds compared to stocks.

Finance Operations

I'm being pitched LIC Nivesh Plus(849) ULIP. Average return generated by the funds in this scheme is 15%. I'm okay with the 5 year lock in period. Seems like a decent deal to me.  Why do people adv...

Welcome to Personal Finance's Private Community

I'm being pitched LIC Nivesh Plus(849) ULIP.
Average return generated by the funds in this scheme is 15%. I'm okay with the 5 year lock in period. Seems like a decent deal to me.

Why do people advice against ULIPs? What are some things that I'm overlooking or the agent isn't telling me?

Need advice on ULIP plan

Need advice on ULIP plan- Grapevine

I have been receiving calls from HDFC to opt for ULIP plans. I didn't know much about it. Now I knew after much discussion with their fund manager and research on internet. 

What worries is the charges. The plan HDFC recommended had 12% premium allocation charge for 1st year itself and other charges after that.

Still want an option if it is worth an investment and if any other bank or service that offer better ULIP plan.

ULIP investment worth it??

Software Developer

Need an advice on which lic policy to buy as a 24 y old. For the investment purpose. 
Is lic policy really a good investment product?

LIC policy

Before people jump into validation mode, I thought let’s do something ulta (opposite)🙃

Pick one of your worst investment mistakes (it can be a stock, RE, ULIP, relationx blah blah) 

My inputs - During 2021/22 real estate boom, I picked a real estate stonk (india bulls) as I thought it’s a growing sector and company will become beneficiary after all the sins they have committed in past. Bam! Over next 5 months stock crashed ~50% 🥲

FriYaY is Investment day on GV!

Product Manager

Whats your strategy when it comes to Insurance?

- ULIP with life cover (the ulip returns outdo the insurance by the time the policy ends usually) Vs Term life

- Health ( Family floater Vs Individual cover ) assuming no pre existing conditions

Sad that most if our gen lacks good insurance knowledge and penetration (this for me is a key aspect of financial
Literacy!!)

Insurance !

Investor

How's HDFC endowment policy? They're claiming a >30% return on the principal amount. 
Are there any risks involved with such a policy? Anyone invested in such policies?

HDFC policy with >30% assured returns

Tech Lead

I have 20+ lakhs in bank account. My bank contact agent is telling me to invest these in a less risk mutual fund rather than in fds . What are your views on it? Is it the right path to go as that would help me save tax.

Investment advice

Security Engineer

How to get out of a useless scam of a ULIP/endownment life policy whic gives a cagr of less than 5% over a 20 year term ? What will be the loss in terms cancellation of such a policy ?

Hdfc life sanchay plus is a scam

Analyst

Guys need some advice. 
Is the LIC Money Back Plan good for investment?

LIC Money Back Plan

The bank tried selling me the plan.
1L investment for first 12 years
₹40k return every year for 40 years. 

Also some death benefit starting from 10L upto 24L depending on maturity.
I don’t understand the math behind it, but if we include inflation, this is not all that useful, right?


https://www.idfcfirstbank.com/personal-banking/insurance/absl-nishchit-aayush-plan

Is Nishchit Aayush Plan all fuss?

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

So, a banker sold me ulip product 4-5y back.

Made almost 2x profit.

But now I am thinking to park this money somewhere else...it's tax free btw ( 80, 10 X D)

Options are many and am confused 🤔

Can anyone help me...

I am thinking to buy agricultural land or direct stocks. ( But market is at all time high)

Need advice on ULIP plan

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