hellow there.............
people always get confused between insurance and investment and invest in ULIP ( unit linked insurance plan )
those plans which offer insurance and are also connected to share market, are called as unit linked insurance plans i.e. ULIP's.
people get attracted by this combination and invest in such plans.
lots of insurance companies are there now a days, which by their tempting presentations, grab investors.
but the problem lies in charges !! no one needs to pay attention to the charges taken by the insurance company for doing ULIP's . u will not believe these are some times up to 50%
that means when our munnabhai invest Rs.50000 in a ULIP, 25000 goes directly to insurance company and only half the amount got invested.
thats injustice.........!
also how many people are concerned to check track record i.e. past history of that ULIP ?
how it has performed from comencement till now ?
hey, what should munnabhai do now ? he is in serious trouble !
but no, he is wiser... instead of getting cheated by company sales person, he goes to a good independent investment advisor.
the advisor tells him that do TERM insurance to satisfiy his insurance need. because term insurance has lowest premium and is a good choice even if u dont get money back at maturity.
" invest your remaining amount in well performing mutual funds" advisor tells him "that will give good returns over long term and beat inflation i.e. महागाई"
munnabhai drops the idea of ULIP and does as he says. also he gives advisory fee to advisor because he knows the value of his advice.
over long term munnabhai will be definately in profit, but what about you ??
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