Not exact matches
Within life insurance, there is an opportunity to save
for the medium
long term with unit linked insurance
plans (
ULIPs).
Since
planning for a child's higher education is a
long -
term goal investing in
ULIPs is an excellent avenue to support other savings.
In a significant reform of unit - linked insurance
plans (
Ulips), the finance ministry will seek to harmonise the character of these popular investment schemes with that of designated
long -
term savings schemes like provident funds which are eligible
for tax exemption at the time of withdrawal.
This is very insightful article on unnecessary Insurance policies, like many others I was also trapped in this when I was new in investment filed (in 2007), I bought 2
ULIP plans, I realised in 2010 that
ULIP plans are waste and I stopped investing in any more
plans, and started building my MF portfolio through SIP, also invested in stocks
for long term, and PPF and SSA scheme for tax purpose, but I have not discontinued by ULIP as whenever I think of doing this I feel that I am getting decent returns (though I don't need ULIP for Tax savings now) and I have already taken sufficient Online Term Insurance plan from ICICI Prudential, details of my ULP plans is given below, please suggest if I should continue or make it paid
term, and PPF and SSA scheme
for tax purpose, but I have not discontinued by
ULIP as whenever I think of doing this I feel that I am getting decent returns (though I don't need
ULIP for Tax savings now) and I have already taken sufficient Online
Term Insurance plan from ICICI Prudential, details of my ULP plans is given below, please suggest if I should continue or make it paid
Term Insurance
plan from ICICI Prudential, details of my ULP
plans is given below, please suggest if I should continue or make it paid up:
For your long term financial goals like the education of the child, down payment for a house, retirement plans and marriage, ULIP can be the ideal selecti
For your
long term financial goals like the education of the child, down payment
for a house, retirement plans and marriage, ULIP can be the ideal selecti
for a house, retirement
plans and marriage,
ULIP can be the ideal selection.
If not and
planning to enter into
ULIP, then make sure that you will keep invested
for long term to reduce the effect of these
ULIP charges in
long run.
Moreover,
Ulips are the best
plans for those who are
planning for long -
term goals.
Thus, investors if seeking to invest in a
ULIP plan should invest with a
long -
term view of 8 - 10 years
for optimal return on investments (ROI).
For a long term plan that is for more than 10 years, it is best to opt for ULIP's, or Unit Linked Insurance Pla
For a
long term plan that is
for more than 10 years, it is best to opt for ULIP's, or Unit Linked Insurance Pla
for more than 10 years, it is best to opt
for ULIP's, or Unit Linked Insurance Pla
for ULIP's, or Unit Linked Insurance
Plans.
As, you have a
long -
term horizon
for your child, you may be better - off considering a
Ulip - based child
plan as the returns could beat inflation, although there is no guarantee of that.