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ULIP as a retirement is a terrible option. Over the past 9 years I have Birla flexiplan policy I have invested about 280,000 Rs and my return on that is only 6,000 Rs.
So, please stop advising ULIP as a retirement product. If you need more detail of my investment policy I can give you, please contact me on captsatishshetty@gmail.com
ULIP is designed to make money for the fund house only.
on 27 Sep, 2009 at 01:48 AM
basic idea not so useful.....author should work hard behind putting smart ideas...
on 25 Dec, 2008 at 04:45 PM
Hello,
My Name is Imran khan, 27 yrs of age, unmarried , planning to marry in 2010, with a monthly income of Rs 16000/-. My question is I want to plan for my future, for my retirement, and for coming days.
I want to buy a house for Rs 25 to 30 lakhs in 2011
Buy a car of Rs 5 lakh in 2010
Children Education & Marraige may be in 2032
Retirement may be in 2035
Iam holding some policies,
1)IcicI Prudential Ulip --- 20,000 Anually
2)Lic Money plus --- 10,000 Annually
3)DSP Merryl Lynch
Tax saving fund --- 25,000
4)S.B.I Magnum Global --- 20,000
5)Reliance Tax saver fund --- 500 Monthly Sip.
6)Shares of Rs --- 200000 (Two Lakhs)
7)Bank Balance --- 15,00000( Fifteen Lakhs)
Waiting for ur advice & guide
Mail- khan_s97@rediffmail.com
on 24 May, 2009 at 12:44 PM
insurance and ulip r product to make people fool only insurance companies getting money without any intrest all empolyee of the companies getting good benefit or 0% loan for them
on 23 Nov, 2009 at 08:09 PM
It is good but is not 100% correct. Morever calculation part is not working
on 23 Jul, 2009 at 02:11 PM
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