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?
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?
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.
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%...
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?
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?
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...
