Mis-selling is not uncommon during the sale of financial products. Many of us buy investment products with a false impression of the product. While salespersons/advisors are the culprits, we, the investors must share the blame too. We rely too much on the illustrations and pamphlets shared and do not care to look beyond those fancy documents. Advisors/salespersons, on their … [Read more...] about SBI Life Smart Elite: How do you mis-sell the plan?
Covid-19 has affected our lives in the ways we never imagined. Despite the lockdown and the precaution, the cases are on the rise. While it is paramount that you take precautions and avoid getting infected, given the pace of spread, you must also prepare for the financial burden if you or one of your family members gets infected and requires medical treatment. One of the … [Read more...] about Corona Kavach and Corona Rakshak: Standard Covid-19 Health Insurance Products
Many investors are worried about their debt fund investments. You cannot fault investors. Their hard-earned money is at stake. Moreover, when some of the AMC CEOs are busy peddling their credit risk funds despite the Franklin mess, it is not easy to trust the industry. Your confidence is likely to suffer. How do you build you fixed income portfolio without debt mutual … [Read more...] about Using ULIPs to build our Fixed Income Portfolio: A Smart Strategy?
LIC has launched two new ULIPs in March 2020, LIC Nivesh Plus (Plan 849) and LIC SIIP (LIC Systematic Investment Insurance Plan, Plan 852). LIC Nivesh Plus is a single premium ULIP and I reviewed the plan earlier in this post. On the other hand, LIC SIIP plan, it is a regular premium plan. As I see, the nomenclature has been chosen to ride the popularity of ULIPs. Though … [Read more...] about LIC SIIP Plan (852): Regular Premium ULIP from LIC: Should you invest?
LIC has launched two new Unit-Linked Insurance Plans (ULIPs) in March 2020, LIC Nivesh Plus (Plan 849) and LIC SIIP (LIC Systematic Investment Insurance Plan, Plan 852). LIC is a behemoth in traditional life insurance plans and has not been very active in the unit-linked products space. The private insurers have been super-active in the ULIP space and have shown a fair … [Read more...] about LIC Nivesh Plus (849): A New ULIP from LIC: Review
Most mutual fund schemes have not performed well since the start of 2018. This is broadly in line with the overall performance of the markets. Over the past few months, I have started receiving interesting queries from clients/readers. This happens more with clients who have started investing recently, i.e in the last 2-3 years. Should they start investing in ULIPs and … [Read more...] about Read this if you find merit in ULIPs and traditional plans over mutual funds
Aegon Life has launched a new variant of iTerm plan, where the policyholder gets a monthly income after the age of 60 years till his/her demise. This is in addition to the lumpsum pay-out at the age of 60. In a way, it is a term plan with a pension feature. For those who simply can’t let their insurance premiums go waste, it looks like a good option. However, as always, let’s … [Read more...] about Aegon Life iTerm: Dual Protect: A Term plan with Monthly Pension
If there is one thing no parent wants to compromise, it is their children’s education. The parents would do anything to provide the best education to their children. Of course, not everything is under their control. At the same time, they would want to be prepared financially. How do you prepare financially for children’s education? Easy. By investing. When should you … [Read more...] about Saving for Children’s education: When should you start?
Healthcare costs are rising fast and a health insurance plan can secure your family’s finances against medical emergencies or prolonged hospitalization. Not just that, a health insurance plan also ensures that you can provide quality healthcare for your family. Most informed people have either purchased health insurance already or are planning to add one to their insurance … [Read more...] about Individual Health Insurance or Family Floater: Which one to choose?
Your life insurance needs are not static. Your life cover requirement keeps changing during your life. Your life cover need increases when you assume additional responsibility (marriage or birth of a child). On the other hand, it decreases as you achieve your financial goals or your savings for the goals grow. For example, your outstanding home loan will keep going down … [Read more...] about A Life Insurance Ladder can Save you Money