Moneycontrol

Chat Transcript

  • Ramalingam K

    11 Oct - 02:00hrs

    All you want to know about health insurance

    Ramalingam K Director and Chief Financial Planner

Posted By: guest:

how ULIPS can help me for retirement planning? I am planning a early retirement after 20 years.

Posted By: Ramalingam K

: ULIP

Posted By: guest:

My ICICI Pru LIfe ULIP policy is maturing on 28-July-17. Maturity value in 760000, which is about 120 returns. ICICI is offering to extend the fund by 5 years and keep taking yearly returns. What is the best option ? to go for 5 more years or get the maturity value at once

Posted By: Ramalingam K

: You can check with the annualised return earned from the policy with the equity mutual fund returns delivered for the same period. If the ULIP return outperformed the equity mutual fund returns then you can extend for another 5 years. If not you can withdraw and reinvest in better performing equity mutual funds.

Posted By: guest:

I have selected a online life insurance policy click to protect 3d plus life option?I wanted an opion on that. please provide. Raghavendra

Posted By: Ramalingam K

: You can consider taking life insurance cover with critical illness add on benefit. You can ignore the other options.

Posted By: guest:

hello All , I took HDFC Life PRO Growth Plus plan (ULIP ) plan for covering my life insurance and as a saving instrument on 21042015 with emi Rs 8000 month (Rs 96000 Yr) . Executive said there will be returns of 15 on yearly basis. After checking the fund value on monthly basis i think its not matching up with the returns some time people says you should close it executive as misguided you. Discussed with HDFC life consultant they say you should keep continuing Current fund value is Rs 253K . Please suggest how i should plan for 15 return on my investment. Thank you

Posted By: Ramalingam K

: There will not be any assurance / guarantee on the returns from the ULIP investments. You can not expect 15% year on year return from the investments because the investment returns are subject to market risk. Since you had taken the policy on 2015 it is advisable to continue till 2020 after that you can surrender the same and reinvest in better investment avenues.

Posted By: guest:

I have opt for redemption of ulip policy after 8 years. The ulip scheme is for a pension scheme with maturity of 10 years. whether the capital gain is taxable or not.? If taxable than how to determine tax ? If not taxable then, under which section it is tax free ? investment of Rs. 100000, per year , made for first three installment then scheme was continued without paying any premium and without any life cover. so 3 lakh invested in 3 years and redemption amount after 8 years 1 month is Rs. 538800. how to treat tax toward capital gain. please advise. regards.

Posted By: Ramalingam K

: If you surrender your pension plan before maturity, the entire surrender value will be added to your annual income and taxed as per your tax slab.

Follow us on
Available On