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Q.

Please let me know how beneficial is investing in SBI smart ULIP plan. Paying premium of Rs.50,000.00 for 3 years

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Asked by praveen Gangadharan, 03 Apr '09 10:03 am
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Answers (3)

1.

K.Ramalingam MBA,CFP. Founder and Director of Holistic Investment Planners Pvt Ltd, Chennai. ramalingam_007@rediffmail.com, M:09282116652.

When they say the highest NAV is assured we assume the highest stock market related return is assured. Is that assumption right? If that assumption is right then there are some points to ponder over:

Who gives this guarantee? Stock markets have crashed by more than 50 per cent during the downfalls in the year 2000 and 2008. If somebody could have given guarantee of highest stock market returns, they could have become bankrupt. Again during the first 7 years of the policy the stock market could meet similar downfalls.

Assume someone has got exceptionally extraordinary ability to predict the stock market and moved out from the stock market when it reached its peak. S/he will not work for an insurance company. S/he will be on her/his own and making money without revealing this secret to the entire world.

Why didn't they provide this highest ...more
Answered by RAMALINGAM, 21 May '10 11:34 am

 
  
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2.

After completion of ten yrs.,you will get the return which will be highest nav in seven years.From-malay@rightchoice4you.com
Answered by malay mukherhee, 03 Apr '09 02:30 pm

 
  
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3.

Stay away from ULIPS. Have separate goal for insurance(term insurance) and investment
Answered by Srinivas Rao. M, 03 Apr '09 11:34 am

 
  
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K.Ramalingam MBA,CFP. Founder and Director of Holistic Investment Planners Pvt Ltd, Chennai. ramalingam_007@rediffmail.com, M:09282116652.Investment m..more

Answered by RAMALINGAM