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
In the first week of December 2019, the Government paved the way for the launch of Bharat Bond ETF. The Bharat Bond ETF will invest in bonds issued by various public sector units. From the investors’ perspective, it is a new investment option in the fixed income space. The Bharat Bond ETF is an easy and low-cost way to invest in bonds from public sector entities. From the … [Read more...] about What is Bharat Bond ETF? Should you invest?
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?
I must confess that the article headline is a click-bait. This is not a post to review the ICICI Prudential Signature Unit Linked Insurance plan. I have picked up this plan because it is a new low-cost product from ICICI Prudential Life. The intent is to address a much bigger topic about ULIP charges. In an earlier post, I had discussed the impact of ULIP charges on returns but … [Read more...] about How do you lose Rs 2.2 lacs by investing in ICICI Pru Signature ULIP?
Many investors purchase pension plans so that they continue to receive monthly income even once their regular salary stops after retirement. Which pension plans do you choose? In this post, let’s look at a popular pension plan from SBI Life, SBI Life Saral Pension Plan. SBI Life Saral Pension Plan: Important Points A Participating, Non-Linked, Traditional Pension … [Read more...] about Review: SBI Life Saral Pension Plan
The birth of a child brings joy not only to the parents but also to the parents of the parents i.e. grandparents. It is not uncommon to see grandparents making an investment in the name of their grandchildren. They want to contribute towards their grand children’s future. In this post, I will pick a case where a senior citizen picked up an investment product and invested … [Read more...] about How Rs 3.2 lacs became Rs 11,678 in 6 years?
You are still young and want to start saving for your retirement. You want to ensure that you get a regular income after retirement. For this reason, you want to invest in a pension plan. Which pension plan do you pick up? There is NPS (National Pension Scheme) and there are several pension plans from the insurance companies. Which one would you pick? In a pension … [Read more...] about NPS vs Pension Plans from Insurance Companies: Which is better?
Many of us dislike annuity plans. The rates are low and the income is taxable. You lose flexibility with the money. The income is not inflation-adjusted. So many problems. Still, annuities can add a lot of value of retirement portfolio if purchased at the right age. In this post, let’s try to understand this with the help of examples. We will start with a brief introduction … [Read more...] about Retirement Planning: Staggering Annuity Purchases can Increase Income and Reduce Risk
NPS vs PPF is not an easy question to answer, but why should you face such a question? Because no one has an unlimited amount of money to invest. Therefore, when we must make an investment choice, "This or That" or "X vs Y" or "Which is better" questions invariably pop up. Whether we talk about tax-saving or retirement or creating wealth, you will face such dilemmas. … [Read more...] about NPS vs PPF: Which is better?