ULIPs

Review

Review: ABSLI Wealth Infinia ULIP: Should you invest?

An investor recently enquired about Aditya Birla Sun Life (ABSLI) Wealth Infinia plan. His bank RM has been pushing this plan aggressively. ABSLI Wealth Infinia plan is a Unit-Linked Insurance plan (ULIP). While I am not very fond of ULIP products, I will share the product review below. I am biased against mixing insurance and …

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best ULIP comparison

Tax-Free ULIPs vs. Mutual Funds with LTCG tax: Which is better?

In Budget 2018, Long term capital gains tax on equity mutual funds was introduced. Prior to the change, the LTCG on sale of equity mutual funds was exempt from tax. This change brought an interesting taxation arbitrage. Taxation of maturity proceeds from Unit Linked Insurance Plans (ULIPs), offered by insurance companies, was left untouched and …

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Using ULIPs to build our Fixed Income Portfolio: A Smart Strategy?

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 …

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LIC Nivesh Plus (849): A New ULIP from LIC: Review

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 …

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Read this if you find merit in ULIPs and traditional plans over mutual funds

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 …

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A Life Insurance Ladder can Save you Money

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 …

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best ULIP comparison

How do you lose Rs 2.2 lacs by investing in ICICI Pru Signature ULIP?

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 …

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LIC Jeevan Utkarsh review disability insurance

How Rs 3.2 lacs became Rs 11,678 in 6 years?

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 …

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New Life Insurance Rules: Lower Sum Assured in ULIPs, Better returns but Higher tax

IRDA, the insurance regulator, announced a few changes to product structures of life insurance plans through its latest regulations on Linked and non-linked life insurance products. ULIPs are linked products while traditional insurance plans are non-linked products. Here are some of the prominent changes. #1 Minimum Sum Assured goes down in ULIPs As per IRDA …

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Review: LIC New Jeevan Nidhi (818): Pension plan from LIC

LIC New Jeevan Nidhi (Plan 818) is a pension plan from LIC. You invest for a few years. At maturity, you utilize the accumulated funds to purchase an annuity plan. Simple, isn’t it? Let’s find out more about LIC New Jeevan Nidhi and see if it warrants a place in your investment and insurance portfolio. …

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