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Personal Finance
Tracked by: 0 Boarder
khilji,
I think my hubby was afraid of my rash driving and bought lots of insurance. lol lol... now whats to be done, i am wondering if i should redeem them.. will they give loans against insurance so i can pay back the loan itself when stocks move up..... pss5588 too was mentoining the same thing....
In reply to:
Investment costs
Posted by :
m_i_khilji
Dear radhika_nandlal,
Investment and Insurance are two completely different things.
One should not consider insurance policies as investment. Rather, one should go for top rated mutual funds, if looking for investment (for retirement, child`s marriage and/or education) etc. 
Tracked by: 0 Boarder
Dear radhika_nandlal,
Investment and Insurance are two completely different things.
One should not consider insurance policies as investment. Rather, one should go for top rated mutual funds, if looking for investment (for retirement, child`s marriage and/or education) etc....
In reply to:
Investment costs
Posted by :
radhika_nandlal
Okay winwath... will take a look, thanks for the info. Abroad the insurance covers docs fee but here its impossible to find such a medical cover. However thanks and yes the returns are a dismal 2-5% and i feel investing in insurance is a waste... one should periodically redeem and reneter there too. LOL
Tracked by: 0 Boarder
Okay winwath... will take a look, thanks for the info. Abroad the insurance covers docs fee but here its impossible to find such a medical cover. However thanks and yes the returns are a dismal 2-5% and i feel investing in insurance is a waste... one should periodically redeem and reneter there too. LOL...
In reply to:
Investment costs
Posted by : winwath
Suggest you take a look at Reliance`s major medical plan - Cost about 6K for my wifey and two kids - covers only hospitalization.
We write a check to the doctor or casual visits. A portion of this is deducted from our taxable income
Tracked by: 0 Boarder
How far it is advisable to invest in ELSS in the present market condition ?...
In reply to:
Can it get any WORSE - Global Meltdown !
Posted by : DUstocks
At this point it`s pretty foolish to rule anything out, including the possibility of a crash - if there is anything more left to it yet !
Possibly the only thing to be optimistic about is that it`s always darkest before the dawn and it`s ALREADY very dark right now. I can hardly see anything beyond !
Tracked by: 0 Boarder
Dear Guest
Out of 4 funds in ur portfolio two are infrastructure funds - ICICI Pru Infrs and DSPML TIGER. You better switch from DSPML TIGER to DSPML Top 100, a large cap fund and very consistent n performance. rest all are good funds. Just stay invested. In fact invest more if possible in these funds in this bearish phase. have patience, you will bear the fruit.
regds
Ashport...
In reply to:
Do I need to switch
Posted by : Guest
I have SBI Unbrella Contra, DSPML Tiger, Fidelity Equity, ICICI Pru Infrastructure and all are Growth funds. I am holding for last 3 years and invested via SIPS. Now all gains are nearly wiped out. Should I continue or switch ? I find the
Tracked by: 0 Boarder
Suggest you take a look at Reliance`s major medical plan - Cost about 6K for my wifey and two kids - covers only hospitalization.
We write a check to the doctor or casual visits. A portion of this is deducted from our taxable income
...
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
This is a deffered annuity plan. Premium paid along with interest (which is pathetic) 3% if death occurs within 10yrs or 4% within 20yrs and 5% thereafter.
Premiums are discontinued in case of death of the insured. The annuity however will pay for the term assured.
A max of 25% of premium due can be collected lumpsum - tax free.
If this is not in force too long and you pay premiums monthly - discontinue and get a term life insurance
For a healthy 30 yr old male - the term ins for an amount of 30 lakhs is less than 20K per year.
Term life pays benefits only in case of death before the term expire. There is no cash value at the end of the term....
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
Dear Sharmaji,
Thanks for throwing light on the subject. If, as you said, all Mutual Fund companies start offering Insurance covers, it will be great for Investors. I hope it happens soon.
Regards,
Srikanth shankar Matrubai
...
In reply to:
Fund houses to scrap insurance cum MF products
Posted by : pcspune
Dear Shrikant,
IRDA has no authority to BAN or ALLOW Mutual Fund Houses to offer Free Life Insurance Covers to MF Investors because Group Insurance is offered by IRDA Approved Insurance Companies ( which happens to be SISTER CONCERNS of MF HOUSES).
The Decision to Discontinue the FREE Life Insurance cover was taken by Life Insurance COUNCIL which is a sort of UNION / ASSOCIATION of ALL INSURANCE Companies.
I Expect that in future other MF Companies like HDFC,SBI,HSBC, ICICI,
Canbank, Bharti AXA, TATA, SAHARA etc. may also offer FREE Life Insurance Covers to MF SIP Investors.
This will be EXCELLENT for Future for GROWTH of Mutual Funds.
P.C.Sharma
Tracked by: 0 Boarder
Dear SATIJA
In fact this is the most appropriate time to invest. The Great Indian Equity Sale is on. Just go on shopping spree. But choose the funds carefully. Better to invest in Large Cap oriented funds ( preferrably 5* or 4* valueresearch rated funds) and invest thru SIP only.Better to decide your asset allocation depending upon your investment goal, investment horizon and risk profil and stick to that.
Happy investing.
Regds
Ashport...
In reply to:
Investment in Mutual Funds & NFOs
Posted by :
SATIJA
Sir / Madam,
Is this the right time to investment through SIP in equity related / global market / commodity mutual funds keeping in mind the three years horizon. Kindly advise. P. Satija
Tracked by: 0 Boarder
Hi Ravinder,
The method you are asking is possible. I understand that you want to make multiple purchases (SIP across three dates of same month & same Fund).
Option 1: You can registered for multiple SIP based on the Dates, just filling out forms with reference to your existing folio number
Option 2: If not allowed with option 1 go for multipl folio numbers and you can later combine the folio..
Hope this helps..
Thanks..
Ramanatan S. Laksman...
In reply to:
Multiple SIP Help
Posted by : Guest
Hi All,
Please find the details as follows:
Age -- 24 years
No dependetns.
I new into investment world :)
PORTFOLIO:
1) DSPML TOP 100 Equity: One SIP Rs 1000 Monthly (First week of month).
Have executed three SIP till now.
2) Kotak Opportunities: One SIP Rs 1000 Monthly (First week of every month).
Have executed three SIP till now.
3) Pricipal personal tax saver: One SIP Rs 2000 monthly (First week of every month.)
Have executed three SIP till now.
4) Sundaram TAX Saver: One SIP Rs 1000 monthly (Last week of each month)
First SIP will be paid this month (October, 2008)
Now, my queries are:-
I want to have multiple SIPs (4 per month of Rs 500 each) in Principal persinal tax saver to average out the unit cost. I am investing through Kotak Securties so i have requeted them many times to arrange for such plan and they in turn reply me that it is not possible. They further suggest that i can go for PPT- Growth & PPT- Dividend with one SIP of Rs 1000 in each.
Please advise me how to go ahead with this.
Also I would like to know any recommendations/modifications for my above investment plan.
Thank you all for your valuable time
Regards,
Ravinder
Tracked by: 0 Boarder
Dear Radhika Nandlal,
I have not studied Jeevandhara & other Policies of LIC Except few ULIPS. Hence I can not comment on this.
Pension Plans should be Avoided due to Adverese Tax Laws & very LOW Returns of ANNUITY.
You may Discontinue Further Premium Payment after Carefully understanding Consequences & Possibility of Loss of Principal .
Equity Mutul Funds are the BEST Option. Invest by SIP & Opt for SWP after Retirement.
P.C.Sharma
...
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
Hi All,
Please find the details as follows:
Age -- 24 years
No dependetns.
I new into investment world :)
PORTFOLIO:
1) DSPML TOP 100 Equity: One SIP Rs 1000 Monthly (First week of month).
Have executed three SIP till now.
2) Kotak Opportunities: One SIP Rs 1000 Monthly (First week of every month).
Have executed three SIP till now.
3) Pricipal personal tax saver: One SIP Rs 2000 monthly (First week of every month.)
Have executed three SIP till now.
4) Sundaram TAX Saver: One SIP Rs 1000 monthly (Last week of each month)
First SIP will be paid this month (October, 2008)
Now, my queries are:-
I want to have multiple SIPs (4 per month of Rs 500 each) in Principal persinal tax saver to average out the unit cost. I am investing through Kotak Securties so i have requeted them many times to arrange for such plan and they in turn reply me that it is not possible. They further suggest that i can go for PPT- Growth & PPT- Dividend with one SIP of Rs 1000 in each.
Please advise me how to go ahead with this.
Also I would like to know any recommendations/modifications for my above investment plan.
Thank you all for your valuable time
Regards,
Ravinder...
Tracked by: 0 Boarder
If I want to invest in reddeemable debentures or pref. shares of any wellknown company how i can invest....
Tracked by: 0 Boarder
Sir / Madam,
Is this the right time to investment through SIP in equity related / global market / commodity mutual funds keeping in mind the three years horizon. Kindly advise. P. Satija...
Tracked by: 0 Boarder
And pcspune, the amount of premium i pay every year towards this is 29K almost....
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
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