Moneyraam

Public Provident Fund (PPF) for investment and tax saving

Ripul Gupta — Fri, 18 Jun 2010 18:06:34 +0000

Most of the times, when individuals talk about tax saving or investments, they usually look at Unit Linked Insurance Plan (ULIPs) and Mutual Funds (ELSS). No doubt both these methods of investment are most popular, but there are other avenues that investors tend to ignore. These alternate investment options have their own benefits and should [...]

Should I surrender my ULIP policy?

Ripul Gupta — Thu, 10 Jun 2010 12:20:31 +0000

I have heard a lot from people that they want to surrender their ULIP policy. How do you decide if you should surrender your policy or not? Here is list of reasons because of which you could be considering surrendering the policy. 1) My policy is not giving good returns. Generally insurance policies have high [...]

Bajaj Allianz Shield Plus – Why not to invest

Ripul Gupta — Mon, 17 May 2010 15:59:22 +0000

Bajaj Allianz Shield Plus is a single premium fixed-term unit linked plan. Let us see, point by point, what your insurance agent will tell you and what he won’t. This plan claims to give up to 100% allocation on the premium paid What your agent wont tell you is 100% allocation is only applicable if [...]

ICICI Pru Ace – the best ULIP plan to invest in

Ripul Gupta — Thu, 15 Apr 2010 15:01:54 +0000

If you are planning to invest in ULIP, at this date ICICI Prudential Ace seems to be the best plan to invest in. You will not see a lot of advertisements of this plan. I guess this would be because this plan will not need a lot of marketing. Salient features of the scheme: 100% [...]

Highest NAV ULIP plans: What you should know

Ripul Gupta — Mon, 29 Mar 2010 18:18:54 +0000

Of late, a lot of ULIP products have been offered with Highest NAV guarantee. ICICI Pinnacle, TATA AIG Invest assure apex, LIC wealth plus and SBI life smart ULIP fall in this category. Are all these plans really that good to invest in. Let us take a look at these plans. For information about SBI [...]

ULIP! What your insurance agent wont tell you.

Ripul Gupta — Tue, 23 Feb 2010 16:37:00 +0000

Please refer the product brochure before concluding the sale. You would have heard this many times in advertisements, but how many of us while investing in ULIP, do read the product brochure. Government has made it compulsory for the insurance companies to issue this statement. I think the government should find a way to force [...]

Kotak Smart Advantage Plan

Ripul Gupta — Tue, 23 Jun 2009 16:14:08 +0000

Kotak Smart Advantage plan is a ULIP plan from Kotak Life Insurance. This plan comes with up to 100%* premium allocation. It is important to notice the star (*). The 100% premium allocation is only from second year that too when the annual premium is over INR 36,000. Point to be noticed is that the [...]

ICICI Prudential InvestShield Life New

Ripul Gupta — Wed, 03 Jun 2009 14:19:38 +0000

ICICI Prudential InvestShield Life new is a premium guarantee plan. What does it mean by premium guarantee? In ULIP plans a part of the premium is invested in either equity or debt market or both. This part of the premium along with the return it generates is called the fund value. Mortality charges and policy [...]

SBI life – Smart ULIP

Ripul Gupta — Thu, 14 May 2009 17:11:40 +0000

SBI life – Smart ULIP is a investment cum insurance plan. Smart ULIP is a hybrid of premium guarantee and guaranteed return plan. We will see how it can be better or worse than both premium guarantee and guaranteed return plans. First let us take a look at some key features of the plan. This [...]

Home Loan

admin — Thu, 09 Apr 2009 20:08:00 +0000

Want to take a home loan? You will need to know what questions to ask your loan agent before you finalize on the bank. Term that you need to understand about home loan: Prime Lending Rate (PLR): All banks publish their PLR on regular bases. It is the benchmark on which your interest rate is [...]