2 bad investments to avoid

Lock-in period

ULIPs have a lock-in period of 5 years, before which you cannot withdraw your investments. Even if you surrender your ULIP within 5 years, withdrawal would have to wait until the lock-in period is over.

Switching charges

Most insurers will offer you free switches of your funds up to a certain point. However, after this point switching is chargeable and you really have to weigh your potential profits against the charges incurred.

Disadvantages of guaranteed income plans

There is a risk of inflation-beating the returns generated from these plans. After the long-term saving, if the returns do not keep pace with inflation, you might not be able to create a sufficient corpus for your financial goals.

[sriharisriram]

Bro online ULIPs carry only Mortality charges, which is also returned.

Sec 10(10d) entire returns are tax exempted

There are funds in ULIP that give 15% + returns on a long horizon

ULIPs payment can be made through credit cards which will give you rewards anywhere between 3% to 5% worth

[dgajendrakumar]

100% correct, i am already facing this problem...even not meeting the inflation

[thilaks]

The reason I invested in Insurance and investment coz to secure some lumpsum amount for kids in case anything happened to us. Life is uncertain after COVID. Most people dying early.

[vigneshwaransundarrajan]

Fixed deposit is different, we have to maintain that lumpsum amt for some period to get the interest but according to bank scheme you have to invest that lumpsum amt every year until maturity in order to get the final amt.(I'm not saying about ulip)

[ayyanardivahar]

For 10 years - Guaranteed, TAX free return, charges illaama oru Investment tool sollunga sir. Just 7.5% IRR tharamaari

[gomathikesav]

Yes bro, nan 5 years premium pay panniten, how to handle this ulip pls give some suggestion whether continue or not

[srinivasan]

Post office insurance schemes pathi sollunga bro

[cqvqdri]

Basic rule: Never club investment with insurance.

[NithAjt-pzkl]

Yes bro, axis Bank always brain wash customer for insurance

[akshayaakshaya]

Crct aana time la post paathuruken...bank la erundhu call panni explain pananga, keka romba profitable ah erunchu but epo tha puridhu😢

[jktrend]

Aravind bro ippo na TATA AIA NFO or MAX LIFE NFO
ethu bro better as per your suggestion please 🙏

[veerkumar]

But u suggested tata AIA small cap ... Now am confused which one to go

[krishs]

@aravind bro : pls reply to this message. Deferred plan la invest panlama for example Jeevan Umang/ Jeevan Shanthi . 10 lakh Potta 12 years la irunthu annually some return kedaikum. Kindly suggest!

[padmanabanr]

Bro! Oru 50k amount iruku (savings)monthly oru 2k kidikra Mari ethum investment plan iruntha suggest me pls😢

[lifeofwebartisan]

Bro can invest NPS for tax saving purpose, is it worth?

[diwa]

Bro please note not all guaranteed income plan i have investedin HDFC ADVANCE PAR INCOME PLAN. Where every year i get a return of 40000 for 1lakhs and aft 20 years plus 20 lakhs which means total 28 lakhs please say speak abt this if ur fact are 100% correct

[photokaaranummakeupkaariyum]

bro ungal yella post very useful ...tata aia la garentue policy um neega sona mathirithana....pls explain it tata aia

[raavanachitrambalam]

Appo U Lip, Cool Lip 2 dume use panna koodathu soldriya Aravind 😅

[balasukumar]

Sbi life smart scholar scheme ithe mari thana bro?

[sridharravichandran]

Bro myself PAYING IN RELIANCE NIPPON ULIP FOR THE 14 YEARS.
TENURE IS 20 YEARS, PLEASE SUGGEST IS IT TO CONTINUE UNTIL 20 YEARS OR TIME TO CLOSE NOW.

PLEASE REPLY