Comments on: Quick post on ULIPs http://www.onemint.com/2009/12/30/quick-post-on-ulips/ Helps You Make Better Financial Decisions Thu, 09 Sep 2010 08:01:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Shweta http://www.onemint.com/2009/12/30/quick-post-on-ulips/comment-page-1/#comment-51575 Shweta Wed, 13 Jan 2010 04:18:36 +0000 http://www.onemint.com/?p=3307#comment-51575 What data do you want??? What data do you want???

]]> By: Manshu http://www.onemint.com/2009/12/30/quick-post-on-ulips/comment-page-1/#comment-51492 Manshu Tue, 12 Jan 2010 11:43:40 +0000 http://www.onemint.com/?p=3307#comment-51492 Can you support even one of your points with data? Can you support even one of your points with data?

]]> By: Shweta http://www.onemint.com/2009/12/30/quick-post-on-ulips/comment-page-1/#comment-51482 Shweta Tue, 12 Jan 2010 09:27:19 +0000 http://www.onemint.com/?p=3307#comment-51482 To whomesoever it may concern - I read and appriciate your concern here about ULIP.You being a blog writer do not like ULIP is only a matter of fact that its your individual like or dislike. Let me share my views on this : 1. ULIP is the safest way to diversify your investment and gain protection for a investor who has long term investment strategy. 2. ULIP is also a financially engineered product like Mutual funds and derivatives, but its less riskier as its well diversified. 3.If i talk about my own organisation we beleive in need based selling. We have solution to cater various financial needs which are long term in nature. The plans which we offer comprise - 1.Protection (pure insurance) 2. Investment (Estate planning) 3.Saving (to meet future financial needs) 4.Pension 4. Now Let us discuss each of this. We dont have any ULIP in protection category, as this require lowest pricing which is slightly impossible in case of ULIPs. Investment - People who wants to put one time money and expecting a real growth without any risk in long term are the ideal prospect for this category. Saving - I Agree there are many avenues of saving your funds still people prefer ULIP over other for following reson - * Integrated Insurance cover at nominal charges *felxibility *transparency *tax benefit under section 10 10 (D) of income tax act. *Diversification *Good returns (which may beat MF over long term) *Liquidity 5. Now can you suggest me a sloution for a person - Who does not understand market situations and lack financial expertise, Who wants a real growth for his money, have long term saving prespective, and at the same time wants a protection cover towards the amount he invested .........??? 6. Sir there are millions of recepies to satisfy the hunger, i cant say pizza or any other fast food is not a right choice to satisfy once apetite. Its a matter of choice. If i like pizza i will eat and if i dont i will not. Thats what we call freedom, freedom to decide ..... 7. Last but not the least - "profitability is matter of priority " . So a person who have certain priorities which is only served by ULIP why to complicate the matter by buying two different product and maintaining them. I hope i made myself clear. Regards Shweta To whomesoever it may concern -

I read and appriciate your concern here about ULIP.You being a blog writer do not like ULIP is only a matter of fact that its your individual like or dislike. Let me share my views on this :

1. ULIP is the safest way to diversify your investment and gain protection for a investor who has long term investment strategy.

2. ULIP is also a financially engineered product like Mutual funds and derivatives, but its less riskier as its well diversified.

3.If i talk about my own organisation we beleive in need based selling. We have solution to cater various financial needs which are long term in nature. The plans which we offer comprise -
1.Protection (pure insurance)
2. Investment (Estate planning)
3.Saving (to meet future financial needs)
4.Pension

4. Now Let us discuss each of this. We dont have any ULIP in protection category, as this require lowest pricing which is slightly impossible in case of ULIPs.

Investment – People who wants to put one time money and expecting a real growth without any risk in long term are the ideal prospect for this category.

Saving – I Agree there are many avenues of saving your funds still people prefer ULIP over other for following reson -

* Integrated Insurance cover at nominal charges
*felxibility
*transparency
*tax benefit under section 10 10 (D) of income tax act.
*Diversification
*Good returns (which may beat MF over long term)
*Liquidity

5. Now can you suggest me a sloution for a person –

Who does not understand market situations and lack financial expertise, Who wants a real growth for his money, have long term saving prespective, and at the same time wants a protection cover towards the amount he invested ………???

6. Sir there are millions of recepies to satisfy the hunger, i cant say pizza or any other fast food is not a right choice to satisfy once apetite. Its a matter of choice. If i like pizza i will eat and if i dont i will not. Thats what we call freedom, freedom to decide …..

7. Last but not the least – “profitability is matter of priority ” . So a person who have certain priorities which is only served by ULIP why to complicate the matter by buying two different product and maintaining them.

I hope i made myself clear.

Regards

Shweta

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