Once you develop an investment plan you have got to stick to it. Asset classes, especially equities can move wildly based on political, global and other news. Having discipline while investing will benefit. It also means staying away from a potential investment when the risk / reward are unfavorable. It is the deciding factor between… Read More »
IRDA- the insurance regulator has not taken this lying down. 24 hours after the announcement by SEBI, IRDA came out with its own order stating that insurance companies shall continue to carry out insurance business as usual including offering, marketing and servicing ULIPs in accordance with the Insurance Act. IRDA believes that directive by SEBI… Read More »
Now remember guarantees and stock markets don’t mix. The returns from the equity markets are not guaranteed. So in order to give you guaranteed returns these plans tend to shift their portfolio between debt and equity in such a way that that the plan’s highest NAV is locked by shifting a part of equity assets… Read More »
IRDA’s has taken this step to increase transparency and help consumers to have a clear understanding of the product. IRDA explains the bias towards longer tenure Insurance products by maintaining that insurance products should be long term saving vehicles and hence investor opting for it, should benefit. Also, this will encourage investors to look at… Read More »
It is good to have more than one policy as it gives you more options. However, remember that it’s important to choose a policy based on your age, income, need, saving pattern, dependents and lifestyle. Picking up a plan randomly is not a good idea. Moreover, it is not wise to spend all your savings… Read More »
If you are someone like Rahul who needs a life insurance policy that would take care of his family needs upon his death and returns upon the maturity of the policy even during his lifetime the ULP could be your best option! In short the ULP is a perfect combo of the death benefits an… Read More »
LIC cards, the card division of Life Insurance Corporation (LIC) of India has established a goal of creating credit card sales worth Rs. 5 lakh in the next fiscal. If this target is achieved the company’s card sales will be half a million. The company has a client base of 50, 000 within a year… Read More »
In order to prevent the lapsing of policy, it is advisable to keep insurance and investment. It has three-fold advantage. First, if you opt to cancel your policy, you don’t suffer any financial loss. Also it is simpler to track your investment. If you are ever in financial need, you can always redeem these investments… Read More »
Do you benefit from reduced mortality charges if you buy a life insurance at a young age? The answer is yes based on the simple logic that higher the age higher is the mortality charges. For example, a 25 year old will obviously have a higher life expectancy than a 55 year old and hence… Read More »
ULIPs are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term. Both term plan and ULIP do… Read More »