ARE ULIPS REALLY BAD PLANS TO INVEST ? By Dr. Chandrakantha Bhat

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Опубликовано:

6 окт 2024

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Комментарии : 329

@arunchakravarthya 3 года назад

One of the best explanation on ULIP I have seen. Heard a lot negative about ULIP until now, but thanks so much. 🙏👍

@lalnaveenmanu 4 года назад

Wow sir nobody explain like this simple and concise

@sanjaykamath5687 4 года назад

Great analysis with a focus on balanced asset allocation and age factor. Asset allocation is about balancing risk by dividing assets among investment vehicles. This can be planned effectively only with the help of a professional wealth management consultant 👍

@NRIMoneyClinic 4 года назад

Thank you very much for your kind words . Keep sharing the videos .

@anonymous-2172 3 года назад

It's really very best explanation by you regarding ULIP plans with proof many people only said it's may be good but didn't given any proof as u showed figures with chart regarding plans which is good and decent package for moderate risk bearer and moderate investors, and tax savers along with life protection product. Very many people tells about mutual funds Sip and lots of investment options for different purposes but in assumed rates and in unprofessional way. I liked ur way of presenting the facts, rates and knowledge about the products those were really professional. thanku for consulting us 😃

@NRIMoneyClinic 3 года назад

Thank you very much for your kind words . Please subscribe and keep sharing the videos

@vishu16a 4 года назад

Really Great & clear presentation, an eye opener, never seen such analysis about these two financial products, thank you sir for information,

@NRIMoneyClinic 4 года назад

So nice of you .. Thank You very much for your kind words . Keep sharing these videos

@KumarKhatwani-ek6xt 3 месяца назад

Excellent information. Thank you.

@blissfullife080 3 года назад

There is no income tax benefit in ULIPs now.ULIPs and MFs are treated equally.ULIPs give an option to invest only in SELECT MFs of their sister AMCs that may not be that good.Ex.ICICI Bluechips rolling returns regularly fails to even beat Benchmark index.On the debt side the rolling returns of the available mutual funds are not that good either.Note that the MF options to choose are limited to AMCs Average funds, mostly.Why pay Fund Management charges for a ULIP in addition to their underlying mf expenses.I would rather take a term insurance and invest in Index MFs/ETFs (N50,NN50,N100 ,S&P500 etc), Debt MFs , Soverign Gold Bonds ,Real estate instruments (i.e diversify as per my needs and optimise my returns).Just an another view...

@aryamanagarwal1025 2 года назад

Agreed to everything but the tax part of it. ULIPs have tax benefit on both the premium paid as per section 80(c) and the return generated at the end of the term as per section 10(10C) of the IT act.

@dineshsanthoshrajj1541 2 года назад

@@aryamanagarwal1025 in ULIPs, it is tax exempt if the premium we pay is below 2.5L annually.

@ujjawalx7460 2 года назад

@@dineshsanthoshrajj1541 true but what the main op said was wrong that there's no tax benefit

@bdudd4523 2 года назад

@@ujjawalx7460 we have a tax benefit as it falls under insurance

@chetnasabharwal4869 6 месяцев назад

Hi . I have been wanting to know that weather or not should I quit my HDFC pro growth ULIP . I have already paid 7 premiums? Please suggest.I am so confused

@klashokkumar 3 года назад

👌👍.You have explained this oftentimes confusing ULIPS topic in a very easy to understand way. Thank You.🙏🏽.

@nishasanghvi 3 года назад

Sorry to say dear but you are still confused.....HANDS DOWN ULIPS ARE SHIT till date. If you do not agree you can contact me & I'll explain you why ulips are the worst Investment plans....& I'm 1000% sure you will agree with me. siddhi_1430@yahoo.com. Let me just clear you - I'm not an agent or a distributor....i do not have Anything to Promote or sell to you....it's just that i want to say highlights those points which this fellow has very conveniently ingnored.

@visweswararao2012 Месяц назад

VERY USFUL ONE SIR. CAN THIS BE UPDATED FOR CURRENT TIMES PL?

@ashishkumarrai7462 6 месяцев назад

It adds a lot of value.. superb analysis...

@MrSaidasan 3 года назад

Excellent presentation with right details for the investor, thank you for your service.

@rohansivon 3 года назад

I'm so happy to have come accross your Channel last week. Have been watching almost all the videos. This is one of the high level information you are providing on every aspect of financial journey., Not only to NRI's, I'm sure it'll help the general public. Thank you so much for your time and effort Sir.

@jsksrini9067 3 года назад

Excellent information, I do not think even bank professionals explains better than this...

@NRIMoneyClinic 3 года назад

Thank you. In banks there are no professionals . Please subscribe and keep sharing the videos

@nishasanghvi 3 года назад

@@NRIMoneyClinic & you are a professional.....???? Sorry but you're the same. & I'll show you the proof. In this video you said that they deduct every year Rs 50,000/- till the PPT & after few years they again add back the charges.....FIRST OF ALL, THEIR'S A THING CALLED - INFLATION, WHICH YOU PEOPLE VERY CONFIDENTLY IGNORE. THAT'S WHY YOU DID NOT UNDERSTAND THE VALUE OF 50,000 IN TODAY'S TIME & VALUE OF 3,50,000 AFTER 10 YEARS - & YOU CLAIM YOU'RE A PROFESSIONAL....??? SECONDLY, DO YOU UNDERSTAND HOW COMPOUNDING WORKS...??? DO YOU UNDERSTAND THAT IN LONG TERM INVESTMENT - TIME IS THE IMPORTANT FACTOR & NOT THE MONEY.....??? I BET YOU DO NOT UNDERSTAND THAT'S WHY YOU VERY EASILY JUSTIFIED BY SAYING THAT YES THEY ARE DEDUCTING THOSE CHARGES BUT AFTER FEW YEARS THEY RETURN IT BACK.... SIR THAT'S THE WHOLE GAME....TAKING OUR MONEY RIGHT NOW & RETURNING AFTER FEW YEARS.....THE COMPANY'S BUSINESS MODEL IS TO TAKE TIME FROM INVESTORS.....THIS IS SO UNFORTUNATE THAT NO ONE EVEN IN THE COMMENT SECTION UNDERSTOOD THIS....INSTEAD PEOPLE ARE THANKING YOU FOR YOUR GOOD EXPLANATION.

@nishasanghvi 3 года назад

@@shivakumarpogula Absolutely

@sathishkls9650 4 месяца назад

I have some ulip and I was scared. Now after watching this I feel comfortable

@rabbanirameez5695 3 года назад

Loved your explanation, no unwanted details, pure professional explanation.

@sajithasr1510 3 года назад

Your presentation is very simple and easy to understand. Thank you 🙏

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@adityapatra9183 3 года назад

8% CAGR is ridiculous..... Just simply investing in Nifty BEES has given an CAGR of around 13% which is close to double of what this pathetic plan is offering. The only reason ULIPS are pushed is because the agents get a hefty commission on these plans.

@AbdulRaheemKC 3 года назад

All you said is Very informative and Realistic.. thank you

@NRIMoneyClinic 3 года назад

Thank you so much for your kind words. Please subscribe and keep sharing the videos

@rinavkenia9630 3 года назад

It's a misleading video

@tarunkar1977 9 месяцев назад

This is the best comparison that I have come across

@ankithmanju4287 3 года назад

Thank you for this nice video ! I have a question from my side You do mention that ULIP can be a preferable option for retirement planning. Could you please clarify the how ulip would stand out in comparison to NPS ? Regards

@NRIMoneyClinic 3 года назад

Both are very good . NPS is illiquid . Ulips are liquid after 5 years . Pension you get in NPS is taxable . Cash flow from Ulip is tax free. NPS has no premature exit . Ulips have 100% tax free exit route

@krdharmjeet 2 года назад

I was about to surrender my Maximizer-V ULIP then Thank god I came across your channel and its so objective to see the money can grow in this plan Thank you for extremely objective and detailed illustration and explanation.

@RajkumarKeshervani 4 года назад

Very good work with great presentation. I always wonder how many insurance cover are applicable to single person. I mean, if I have multiple insurance, does all the insurance cover are valid and payable to nominee?

@vamsikrishna1934 2 года назад

This is the perfect analysis I am looking for this only .I know ulip is not a bad plan .people who complain about it either did not stay for maturity time or did not invest funds on right thing !

@navneet2649 3 года назад

Sir If we invest in ulip not for insurance but just for investment then arent they better than MF? Eg: in MFs if after 10 yrs my capital gains is 50 lac then i will have to pay 5 lakhs as tax, but in case of ulip my capital gains will be tax free! So if lock-in period of 5 yrs is not a issue for an investor then is ULIP better than MF just for investment purpose?

@NRIMoneyClinic 3 года назад

Yes , provided you are below 45 years of age and has more than 10 to 15 years of time horizon . Please subscribe and keep sharing the videos

@JyotirmaySenapati 2 года назад

@@NRIMoneyClinic Can you elaborate please sir. Like I am 30 now, if i invest in ULIPs for around 10-14 years and get the maturity and I am paying more than 2.5 L per annum as premium, still it would be tax free?

@free_soul_human 5 месяцев назад

Thank you for the detailed explanation, I have a doubt, in the table that is shown at 13:12, where is the return of the premium allocation charge added in the corpus? Will it be returned back as cash at those respective years? Thanks

@sunnythomas5044 2 года назад

Super rrrrrrr analysis of ULIP... 👍💐

@ra4u1212 3 года назад

The returns were not compared, how about using MF for investment and term insurance for life coverage ?

@prakashkk2771 4 года назад

Thanks for sharing information. I feel the biggest problem for ulip the your money will stuck with somebody till ur long term period completed . As it is a long term holding any disaster(apart from death )can happen in any bodys life that moment people feel the pain of Ulip plan. ( do ur own mutual fund with expert consultants + term insurance)

@NRIMoneyClinic 4 года назад

Mr Prakash .. you have a point . But your arguments are flawed 1. ULIPs do not lock your money for long term. They are liquid beyond 5 years . 2. You dont buy ULIP for insurance . Rathet make best use of insurance to create tax arbitrage . 3. If a person has properly maintained emergency funds , there is no need to maintain 100% liquidity in every investment 4. Liquidity in many cases is harmful for many persons 5. Going by your arguments no one should invest in PPF , NSC , PMVVY, NPS , land , house , real estate scheme because they all lock your capital for long periods . The problem is not the product ULIP , problem is lack of planning.

@varvishwa 3 года назад

Very well explained sir.. Thank you very much

@NRIMoneyClinic 3 года назад

Thank you very much for your kind words. Please subscribe and keep sharing the videos

@karanmalhotra395 3 года назад

Pls make the same video considering the change in taxation policy using DCF approach. I think that would bring some more clarity with this regard...

@vickysuper416 Год назад

Excellent explanation and illustration, many thanks. Best wishes 👍

@madaboutaquascaping5733 3 года назад

When every video about ULIP says it's a bad investment, yours is the first one talking about it's positive with right facts. Thanks 🙏 I just purchased last month pru signature & was more worried after seeing all negative videos, even thought of cancellation. Luckily saw your video.... You should have separate video on ULIP to audience.

@naveenreddydepa8324 3 года назад

Hi I have also purchased this policy 1week back. I have much worried about ulip returns and thought of cancelling.

@swamthegamer 2 года назад

@@naveenreddydepa8324 Cancel it and invest in mf. I surrendered my ulip after 7 years of suffering.

@dannytrader8893 3 года назад

I am an NRI and have an ULIP with SBI. All the premium has been paid for the last 5 years (30 lakhs), I am planning to return to India for Good. Is the premium and capital gain taxable.

@mahendra.iitbbs 2 месяца назад

capital gain taxable.

@makarands80 7 месяцев назад

Sir, thank you for the video. I have ULIP policy from 2009 and getting money in 2024. Will it be tax free in India. If there are no taxes in India, for NRIs, do they need to pay the capital gains in USA for this policy.

@chrgbhtt 3 года назад

There are many people bitches about ulip but you made very good presentation with all facts covered 👍

@santanuchakraborty5779 3 года назад

Sir, please make a review on HDFC Ckick to Wealth ULIP plan.

@manikandann6035 4 года назад

Fantastic review and information. Great job sir.

@NRIMoneyClinic 4 года назад

Thank you Mr Manikandan for your kind words.

@baggirijagan679 3 года назад

Sir thank you very much all my doubtful questions cleared.🙏🙏🙏 👌👌. Good explained 👌

@venkatamuralimutyalapalli9992 3 года назад

With all due respect, Why were u considering mutual fund will give return of 8%percent only???.... can u tell us how much is the benefit from mutual fund with a return of 10 or 11%.

@NRIMoneyClinic 3 года назад

Illustration is not a measure of return. It is just for calculation of impact of charges . You need a fixed rate of return to compute this . Both mutual funds and ulips have given far higher returns than 8 %. The return of 8% is just an anchor and has nothing to do with actusl returns . Both mutual funds and ulips will give same returns in long term as they operate in same market.

@nishasanghvi 3 года назад

@@NRIMoneyClinic But Sir even when just for examples if we consider 8% then also - "8%" of these types of ULIPs are lower than "8%" of mutual funds. Have you Yourself ever calculated 8% in a compounding calculator...??? If not then please do & then u will understand how much this companies are charging in the name of so called "CHARGES"

@sharmasanjai5089 2 года назад

Great, I strongly appreciate your way of explaining and discriminating each and every content of mf and ulip

@knowledgeseeker3530 3 года назад

What I always get to hear is Mutual Funds / Equities are the only great options for investment and ULIPs are old fashioned and not profitable. This video is a great effort to clarify such beliefs. It would be great if you could compare Mutual Funds vs ULIP for people in age bracket of 25 to 35 with conservative investment mindset. Thanks.

@mrinalmohapatra3628 3 года назад

Ya, go ahead put ten lakh per month for 1cr insurance get ready to lock the money for 20 yrs to get all the benefits i.e. 1.07% expense ratio. And yes, get either death benifit or fund value, not both. Whereas, I will only give 9000 per month for a 1cr term ins. And will put 991000 into mutual funds for better return (low expense ratio) and freedom of liquidity. The 🍒 on top is that, I will enjoy both death (in case of death) benefit and fund value. I won't seek financial suggestions from this guy, thats for sure. Peace.

@lravikumar 2 года назад

Signature is good plan for HNI who can wait for 20 years. Most of the ULIP in the market are fraud. They mint money using different charges like Policy administration charges, Policy allocation charges, Fund management charges, Mortality charges etc. Expense ratio shown is around 1.07 only if we invest for 20 years. If we simulate for 5 years then expense ratio will come more than 4%

@ujjawalx7460 2 года назад

@@mrinalmohapatra3628 who said 20 yrs to lock the money. first listen then say anything stupid.

@mrrajib 3 года назад

Very informative video. But I have a question . How tax will be calculated if anyone surrender ulip before locking period and the person has not taken any 80c tax benfits

@jhaskumar3 2 года назад

As you mentioned, once fund value exceed the Death sum assured then insurance is void because company will provide total fund value in case of death, correct me but then why it's called Insurance plan, this is no more insurance plan after 10th year onwards. Isn't it better to spent those money in MF and for first 10 year take a term insurance for 1 Cr which might cost hardly on maximum side around 15000 INR per year instead of 10 Lakh per year of premium

@vtakgrtr7422 3 года назад

Salute sir...🙏❤️.. amazing work

@NRIMoneyClinic 3 года назад

Thank you. Please subscribe and keep sharing the videos

@radhakrishnansrither3629 3 года назад

Thanks for ur detailed explanation. Pls also tell about HDFC ULIP Plans and they have minimum charges comparable

@NRIMoneyClinic 3 года назад

Thanks for your suggestion and will see if it is possible to do suggested vidoes in due course of time

@anuradhachoudhry9765 2 года назад

By misguiding agent i invested tata aia insurance plan for a yearly premium of Rs.5 lakhs in April,2022 which will not be possible for me to carry on for 7 years.however agent told me somehow u pay another premium before stop further premium which will fetch good returns after 5 years.please suggest.

@sajithasr1510 3 года назад

I request you to create more videos about ULIPS. There are many channels regarding Mutual Funds and Stocks. But not much about ULIPS.

@NRIMoneyClinic 3 года назад

Sure .. Thank you fr your suggestions . Will produce more of it in days ahead . Please subscribe and keep sharing the videos

@anandhiization Год назад

Sir, ULIP is it still worth for long-term investment of around 30 Lakh one-time pay.? Asking because considering the 30 % taxation on gain since Mar 2021. Kindly answer

@sajithasr1510 2 года назад

I agreed totally with the views. But performance of I Pru Funds are very low than regular funds. I compared them from 1.12.2021. Only I Pru Income Fund is only one competitive fund among debt categories. But all Equity fund are not good for investment because very low return than regular mutual funds. If you are an expert in fund switching, you should use that for taking advantage. But will be very careful.

@JyotirmaySenapati 2 года назад

If i take ULIP schemes from NRE and paying more than 2.5 L per year as premium, what would happen for the money on maturity? will it be taxed even if I get it in NRE? or is there are TDS getting deducted already by the scheme giver? Mostly I want to have an understanding of current updates on Tax law 10(10D).

@chetnasabharwal4869 6 месяцев назад

Hi . I have been wanting to know that weather or not should I quit my HDFC pro growth ULIP . I have already paid 7 premiums? Please suggest. I am so confused. should I surrender policy and invest my annual premium of 50 K in mutual funds and alongside buy term insurance as I am already 48 years old female? My HDFC relationship manager approached me and advised me to start click to invest policy within my policy premium amount that I will be doing which will give me double maturity benefit from two policies , the second policy will be running within the first policy which means its would be generating its premium from the first policy. The click to wealth policy will give 8 percent annual return .

@chhotankumar4848 14 дней назад

Sir please clear one thing... in present long term gain tax is 12.5%. suppose today i start to invest in a mutual fund for 20-25 years. Us time tak agar government lont term gain tax increase karke 18-19% kar deti hai to 20-25 year baad hume kaun sa tax pay karna hoga, jo abhi present me hai wo ya phir 20-25 years baad jo current tax percentage hoga wo.. Please reply

@chetnasabharwal4869 6 месяцев назад

@AshokKumar-2113 2 года назад

Best explanation 👌

@rupamgogoi4664 3 года назад

Sir, HDFC Click 2 invest Ulip plan good or not ???? Please answer

@ravi.r5226 2 месяца назад

I am also invested now ulip plan thankyou sir

@BharatPolitics007 Месяц назад

Sir I recently buy Max life online savings plan NFO of nifty 50 momentum 500 index...is it good to invest in long run as retirement plan

@gvinodkumar793 3 года назад

Great sir God bless you sir

@omkarspiano4020 3 года назад

Thanks a lot sir.

@NRIMoneyClinic 3 года назад

Most welcome. Please subscribe and keep sharing the videos

@umasubramaniam8783 3 месяца назад

The IRR comes to 6.853% for the illustration shared in this video. Even if MF gives 8% returns after tax it would be 7.2%. So is MFnot better than ULIP?

@NRIMoneyClinic 3 месяца назад

No . Illustration here takes into account FMC too . When you say 8% in MF it means you should consider NAV return at 6.4% for MF ( because NAV is net of FMC)

@umasubramaniam8783 3 месяца назад

Got it

@debeshkalita8673 2 года назад

Best👍 comparison...

@srk312 Год назад

Compare ulip with term + mutual funds and analyze the risk to reward in all scenarios. I think term + mutual funds will still be better. I agree the 13 lakh savings at the end like you say, but it comes at a risk of not able to withdraw funds when he does close to end of maturity

@NRIMoneyClinic Год назад

Watch video again to get right answers . I dont argue with people who cannot understand

@vkrish64 3 года назад

Sir what do you say would be the impact on ULIPs after the changes in 2021 budget which says that Capital gains tax would be applicable when ULIP premiums exceed 250000 per annum ?

@NRIMoneyClinic 3 года назад

Up to 2.5 lakhs tax free. Beyond this is taxable

@ewanmacwan9110 4 года назад

Hello Sir, I have invested in icici Prudential lifetime classic ulip plan, blue chip 50%, and income fund 50%, is it good? And what about returns after 15 years approximately?

@NRIMoneyClinic 4 года назад

Nothing wrong with plan or funds chosen . Regarding returns after 15 years I wish I knew the answer. Depends on a lot of factors

@ewanmacwan9110 4 года назад

Thanks a lot Sir

@AshokKumar-2113 2 года назад

thanks exelent expanation

@27sudarsan 2 года назад

If you plan to invest in unit-linked insurance policies (ULIPs), merely for their tax-free maturity proceeds, you need to think again. Budget 2021 has decided to roll back this exemption to ULIPs if their annual premiums exceed Rs 2.5 lakh. This will be applicable to ULIPs bought on or after February 1, 2021. “Such ULIPs will now be treated as capital assets and profits and gains from such ULIPs will now be taxable as capital gains,”

@gangadharr3524 2 года назад

I'm 33 and my RM recommended this plan but with annual premium of 1 LPA...is it worth to take this ULIP plan in this case or should I go with MF?

@dineshsanthoshrajj1541 2 года назад

@@gangadharr3524 go with MF. If u r particular about saving tax, opt for ELSS MF.

@yadneshbagade4156 3 года назад

You will not share about index funds , the expense ratio is 0.1 %

@manpreetnaidu2921 3 года назад

SBI SMART WEALTH BUILDER,50000 FOR 1 YEAR,IF I DO PARTIAL WITHDRAWL AFTER 5 YEAR,HOW MUCH I GOT ( APPRX) ?

@shyamdeshmukh5316 10 месяцев назад

ulips has the expenses like morality charges. allocation charge, fund manager charges , policy administration charges which is around 10% and market gives 8%. whereas ulips has locking charges. also ulips charged if payment stops.

@NRIMoneyClinic 10 месяцев назад

You are making this comment without watching the video

@sreedharm2600 2 года назад

Hi Sir. Namaste. I have started my investment journey last yr with ULIP. I have been investing in 4 different ULIP plans (HDFC, SBI, TATA, BAJAJ), 25k per month overall since March 2021 i.e. for the last 16 months. I have invested about 4.5lacs. Its giving about 10% returns per yr so far. Recently I realized that returns in direct mutual funds are better than ULIP. Since minimum pay duration in ULIP is 5yrs to avail market returns, otherwise if I don't pay further premiums the funds will be in discontinued state and total amount of aprox. 5+ lacs can be withdrawn only after completing 5yrs duration. What do you recommend sir? I continue for the rest of 3.5yrs or stop investing from now on in ULIP (and make investments in mutual funds instead) In fact I have a term insurance plan of 1cr from 2018. Please advise. Thanks

@kaushalsingh7860 2 года назад

Did you stop ulip. Same confusion here bro

@NRIMoneyClinic 2 года назад

It is better to continue . Dont compare returns. When you focus only on returns , ypu tend to do mistakes

@krunalthummar4847 Год назад

What are the returns in direct MF?

@navneet2649 3 года назад

Salute to ur knowledge! 🔥

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@bestdaze7802 2 года назад

1. ULIPs are NO longer TAX FREE - pls update the video it is misleading. 2. The icici signature policy does not seem to show return of PAC and MC. As of now, so pls update that also.

@abhijeetsinghchauhan1835 3 года назад

Hello sir... I have just start investing in ulip hdfc click 2 wealth as 6000 per month i.e 72000 annually for 10 years... Is a good investment ..? Want a suggestion sir

@simba7701 2 года назад

Sir 8% return barely beats inflation. Do you think ULIP with 100% equity fund beats inflation and provide actual worth long term? Nice content btw and very informational!

@NRIMoneyClinic 2 года назад

Ulips dont earn 8% . They earn same rate of return as that if mutual funds . 8% is rate considered for preparing illustration. It is not a measure of rate of return

@drraghavnarang8085 3 года назад

Very well explained sir. Can u explain with sbi smart provilige ulip

@parthapratimnath2512 2 года назад

Sir, i am not getting you in WhatsApp, I have urgent need with you, I have already invested in ulip with axis bank in max life flexi wealth plus plan in 5: 10 years scheme. Need discussion, as I feel I have invested wrong, I want to withdraw, is it possible, today invested only 2 lakhs, also let me know shall I have to invest for continuous 5 years with sane amount, or till 2nd year I can invest

@ambikaqa2896 4 года назад

Are ulips a good investment option for nris?

@NRIMoneyClinic 4 года назад

Yes .. It Is . But watch the video correctly and follow all the things that I have mentioned there . Take care of entry age, amount of investment and maturity tenure . If you want to invest in a proper ULIP, then you may send a whatspp message on 00971501484595

@sanjayverma3131 2 года назад

Nice Video with all details. I have a question? I took ICICI Elite with 2L premium per year for 5 years and policy was for 10 years. Now 5 years is complete and corpus is around 12.7 L. The relationship manager is suggesting to take up ICICI Signature plan where in the 2 Lakh premium will be taken from Elite corpus every year for 5 years . When is your suggestion, should I agree? My age now is 46 years

@DeepCastingWithAbhi 2 года назад

Its a Nice Option to buy , im also a advisor buy from other family member account to help tax benefit because after 2.5 lac it will taxed. Moreover signature is Far better than Elite plan go for it. Check all The Documents further

@chetnasabharwal4869 6 месяцев назад

@@DeepCastingWithAbhi Hi . I have been wanting to know that weather or not should I quit my HDFC pro growth ULIP . I have already paid 7 premiums? Please suggest. I am so confused. should I surrender policy and invest my annual premium of 50 K in mutual funds and alongside buy term insurance as I am already 48 years old female? My HDFC relationship manager approached me and advised me to start click to invest policy within my policy premium amount that I will be doing which will give me double maturity benefit from two policies , the second policy will be running within the first policy which means its would be generating its premium from the first policy. The click to wealth policy will give 8 percent annual return .

@DeepCastingWithAbhi 6 месяцев назад

@@chetnasabharwal4869 listen if You satisfy about the Return which Fund are selected by Advisor so Carry on. Other Wise if you can Happy with current Plan Return, you can Withdraw the Amount, because you have 5 years Passed Now you can also Surrender the Policy without any charges. Invest in Mutual funds . My Suggestion: you Can Withdraw Sort Of Money Per Years Like 10% and Invest in Mutual funds From This Plan So Withdraw., SWP(contact branch) And Listen you already 47-50 years with this age term plan is very Expensive i request you to not 🚫 do that... Continue ulip that sum assured you get 5-10 lac whatever and start Withdrawal the Amount And Invest in Direct Mutual Funds Axis Midcap, FlexiCap and Icici Pru Long Term Equity each. For 10-12 year. I hope you get that

@chetnasabharwal4869 6 месяцев назад

@@DeepCastingWithAbhi please reply

@thotegowdaravi6083 9 месяцев назад

In tata aia smart sampoorna raksha investment planing for 30 years.tax benifits for 80c

@rahulrkhandelwal1 3 года назад

Can I still hold the ULIP plan if I change my nationality and become an OCI card holder during the policy term?

@NRIMoneyClinic 3 года назад

Yes . Definitely you can keep your plan . Please subscribe and keep sharing the videos

@shivayogib-xg3zt 6 месяцев назад

Excellent explanation sir. Could you pls explain TATA AIA's Smart Param Rakshak Pro considering age of 35yrs, non smoking male with coverage of Rs. 1.5cr. Would be helpful. Thanks in advance

@karnakarna4490 3 года назад

Sir , it will be more relevant if you can tell what IRR is in this policy .

@NRIMoneyClinic 3 года назад

IRR gets calculated where fixed returns are there . Not in these types of plans

@sudheerk9347 3 года назад

There is a very big problem with ULIP investment. Not very transparent, it is hard to find the performance chart unlike mutual funds where you can find past performance from years. You cannot control how much equity and debt should that ULP fund has. So saying that ULIP and Mutual funds perform similarly is not a right thing to say

@NRIMoneyClinic 3 года назад

Please watch the video before commenting . Do your research correctly before passing judgement . ULIPs are extremely transparent, infact over transparent. Fund performance of ULIP plans is in public domain. They are available on 24x7 basis on the websites of companies . ULIPs are very well regulated . If you do not understand something , please ask questions , not pass judgments. This is a serious forum

@kyzokyzokyzo 3 года назад

what about Pure Stock fund II from Bajaj Allianz ? They say they will cover us for 10x the one time premium and that there are no charges (or will be refunded back). Can you please share your feedback on this fund too ?

@mummadisridhar3618 3 года назад

Very nicely explained, is surrender value of ulip pension plan is taxable

@NRIMoneyClinic 3 года назад

They are not taxable if purchased before 31.01 2021. Please subscribe and keep sharing the videos

@rajeshprabhuk 4 года назад

Many Thanks for this video. I wanted to enquire if ULIPs are suitable investment options as off late there have been many advisors and articles just plainly advising never to mix investment and insurance. Your video clearly lays down the facts and will help investors in taking an informed decision. I guess it has attracted a bit of negative publicity as many agents or investors do not see it as long term investment vehicle. If they buy it for short term horizon naturally the expense will be higher and returns will be lower. Thanks for the detailed information and illustration.

@NRIMoneyClinic 4 года назад

Dear Rajesh, Finance industry has stopped evaluating things in a objective way. Everyone is trying to project the good things in their business models. There is no need to paint any one black just because it does not suit them . ULIPS have huge tax arbitrage . You don't buy a ULIP for insurance , rather use insurance component in it to exploit tax arbitrage for a small price. Seasoned advisors know this fact very well , but just refuse to stick their neck out for fear of other mutual fund distributors making negative publicity about them . There was a time mutual fund distributors used to churn portfolios to create an income out of customers fund. Regulators have slapped a door on their face now

@manojkurup9772 3 месяца назад

Whether premium allocation charge and mortality chrgs has to be paid in addition to monthly premiums?

@NRIMoneyClinic 3 месяца назад

@omkarspiano4020 3 года назад

Sir I am investing in the signature plan from last 2 yrs.I am 39 yrs.But paying 2 lacs per annum.Premium paying term is 7 yrs.Maturity after 20 yrs.Will it be beneficial for me?

@NRIMoneyClinic 3 года назад

Nothing wrong in your purchase .. make sure you are invested in proper funds .. do not close the plan before 20 years

@omkarspiano4020 3 года назад

Thanks sir

@omkarspiano4020 3 года назад

Can you make a video on proper fund switching.I am currently invested in Focus 50 fund 30% and 70% in debt. If I don't want to close my policy till maturity then can I switch to 60% equity and 40% in debt.forever? Pls guide me.

@Sandeesh_Srikantam 2 года назад

Why is it ideal only if the premium is above 3 lakhs ? Is there anything that is charged at a fixed rate instead of a percentage ?

@DeepCastingWithAbhi 2 года назад

Icici pru signature is Such a good Plan to invest for long term to create wealth

@thogaruchandramouli5202 3 года назад

Hello Sir, I have a question for you???.... I’m 29 years old and have invested for retirement in HDFC Click2wealth and ICICI Pru Signature ( Both included 2.5 LPA for 20 Years) in Feb-2021 which have only very low FMC and Mortality charges and is it a good investment for retirement compared to Mutual Funds????

@NRIMoneyClinic 3 года назад

It is top class for retirement purpose . Hold on to your investment. Maintain proper asset allocation . Don't stay in 100% debt funds

@kumarjena8053 3 года назад

Nice information, excillenet explained, pls make a video about hdfc and sbi ulip

@wangbaayekpam7431 3 года назад

Sir, one question. If i want to take out the money after the premium paying term which is 5 years, will this affect my total investment that i have invested for that 5 years consider the plan maturity is 20 years? Thanks.

@NRIMoneyClinic 3 года назад

Any amount you withdraw will reduce your corpus proportionately

@wangbaayekpam7431 3 года назад

@@NRIMoneyClinic Thank you sir for your quick response. Lets say I have invested Rs 50k to complete the premium paying term and i wish to remove the total amount with the interest. So, how much will be reduce? And where can i find these information? I am totally new to this.

@Samu-gz3qj 2 месяца назад

Tax benefit for ulip is limited to 2.5 L pa

@navinnegi7229 3 года назад

Sir as ulip has lock in period of 5 year, after completion of this period can one stop paying further premium and keep the amount invested for longer period? NEED YOUR ANSWER SIR AS HAVE SBI FLEXI SMART ULIP POLICY

@adwaitvedant3297 2 года назад

Yes after completion of limited premium...one can keep invested for longer time

@lvishal 3 года назад

Bhat Sir.....with the changes in budget 2021, ULIPs would attract taxation beyond INR 2.5 lakhs contribution. Can you please make a video highlighting the new changes with respect to the changes? Will ULIP contribution to say ICICI signature plan taken say in 2019, attract any taxation if contribution is above INR 2.5 lakhs and would there be any effect on switch over in the old ULIP from debt to equity or vice versa?

@NRIMoneyClinic 3 года назад

You are right . Ulips bought after 1st Feb 2021 attract taxes for subscription levels above 2.5 lakhs . The policies purchased prior to this date are not affected in any manner and they will continue to attract tax exemptions as before . Please subscribe and keep sharing the videos

@vinodbathala2380 4 года назад

Good info boos, i plan to invest HDFC Click 2 Ulip kindly advise.

@NRIMoneyClinic 4 года назад

Please contact me for advice through WhatsApp message on 00971 50 1484595

@bhaskarmangala3689 2 года назад

But here for Life coverage of 1Cr, policy holder paying 10 Lakhs which is very very costly insurance but if we choose any Term plan, 45 years old person can pay maximum of 30 to 35 K for same 1Cr of life coverage. On top of it Mortality charges unnecessarily deducted every month to serve such huge costlier insurance with lock-in of our funds for such huge period. Do you really think this kind of policy is worthy...? I don't think so.. In my perspective if we choose Term plan for Life coverage + Reasonable performing any Passive index or Sensex mutual fund will save lot of money and also create better wealth.

@NRIMoneyClinic 2 года назад

You do not buy a ulip for the sake of insurance.. if you do , it will be a horrible mistake . You invest via ulip to take advantage of tax arbitrage that comes with insurance as a combo.

@bhaskarmangala3689 2 года назад

But this combo is very costly for both insurance point of view and Equity investment perspective also.. Simple Term insurance + Simple Passive Index fund will save lot of money w.r.t expense Ratio and create better wealth.. There is no Guarantee that in Future ULIP can't be TAX free also.. But for the sake of Tax free investment, in my perspective ULIP's are not good choice because it's neither good investment for insurance nor good for wealth creation also. Infact it will burn our wealth by locking our Liquidity..

@pratikverma6874 3 года назад

Wonderful experience for me

@souravsharma1408 2 года назад

The fallacy is, 1Cr Sum Assured is very little for the family of a person who can invest 10L per year in this scheme. They can surely buy a Term Insurance at a fraction of the cost and invest the money in equity.

@NRIMoneyClinic 2 года назад

You do not buy a ulip plan for the sake of insurance at all . Neither it will have continuous insurance