This seems to be the best ULIP & I am thinking of investing in it as I would like to invest some of my money in places other than equity.
There are no allocation charges, only 1.35% of fund management charge per year.
But that main thing is, The plan gives the flexibility to invest 100% in equity & if the markets are down, it will be automatically switched to 100% debt. The salesman told me this facility is not available in any other plan, I don't know how true this is. There are plans which allow you to split your investment into equity & debt, but no plan allows you to have the flexibility to shift 100% of your investment from equity to debt or vice versa.
Of course the 3 year lockin period is there.
But after comparing some plans, this does seem to be a very good plan, any comments, ideas?
There are no allocation charges, only 1.35% of fund management charge per year.
But that main thing is, The plan gives the flexibility to invest 100% in equity & if the markets are down, it will be automatically switched to 100% debt. The salesman told me this facility is not available in any other plan, I don't know how true this is. There are plans which allow you to split your investment into equity & debt, but no plan allows you to have the flexibility to shift 100% of your investment from equity to debt or vice versa.
Of course the 3 year lockin period is there.
But after comparing some plans, this does seem to be a very good plan, any comments, ideas?