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Super Moderator
Absar - Please put the source, If you are putting any info from other sites or source. Please take care of this next time otherwise I would ban you.
This is a good info for all, thanks for this.
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PW Stalwart
ULIP = distributor's friend
MF = investor's friend
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PolicyWala Newbie
ULIP will expire after age 60 or 65 where as whole life plan will cover till 100 yrs.
MF no insurance coverage.
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PolicyWala Fan
According to me you should keep insurance and mutual funds different, so I am not in favor of investments in ULIP.
ELSS is preferable if you want to save taxes go for - Magnum Taxgain,Birla Tax relief'96, HDFC taxsaver and PRU taxsaver and Principle TaxSaver are best option.
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PolicyWala Newbie
I believe it must for every people to keep their Investment and Insurance two different thing.
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PolicyWala NewBie
- Anyone thinking to invest in ULIP Plan than you must give ULIP at least 10-15 yrs because of high charges initially.
- Mutual Funds are very suitable for Short term investors. In it you have the flexibility of withdrawing money anytme.
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PolicyWala Newbie
MF is better than ULIP
- MF no front end charges now
- But you have to pay commission for ULIP
- Then no life insurance coverage for MF But ULIP have many coverages like critical illness, PA etc.
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PolicyWala Newbie
Primary Objective
MFs : Investments
ULIPs: Protection + Investments
Investment Duration
MFs : Works out for Medium term, Long Term Investors. Risky for Short Term investors.
ULIPs : Works out for Long Term Investors only.
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