how is ULIP money plus and market plus from LIC of India
Definately LIC is not the best ULIP!.
Here are the points that should be considered
Product Name
% Premium Allocation (1st, 2nd and 3rd year)
Policy Admin charges/annum
Fund mgmt charges/annum
mortality charges /1000 Rs/annum
Is mortality charge on sum at risk?
Top up charges
Maximum Topup
Minimum Premium
Minimum Term
Lock-in period (min is 3 years)
Partial withdrawl after _ year
Max partial withdrawl permitted
Minimum partial withdrawl
Surrender charges
Number of free Swithces/year
Performance of fund since last 2 years(Equity)(as on 1st Jan 2007) it may or may not sustain.
Sum assure required
Can increase sum assured?