Devangshu Datta gets it absolutely right: Ulips have been around for several years. The structures are known. Every financial newspaper and business magazine of repute has analysed Ulips and shown in detail why investors should avoid them. In th…

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A comment from Raju on my ULIP post: I am [an] NRI.I invested 5 lacs in Bajaj Alliance shield plus plan.Which requires only one payment. And insurance is 1.1 times rather than five times of investment. I have been told that expenses are minimal. …

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On Friday, SEBI issued an order banning 14 companies from issuing any more ULIPs, with immediate effect. SEBI full time member Prashant Saran said in the order that ULIPs had an investment component similar to mutual funds, and therefore are securities…

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Ravikiran Rao writes in response to the ECS post:  Just wanted to give [the story] a little more detail. The detail will indict Kotak further and probably exonerate ICICI – go ahead and update your post with this if needed. So my ULIP wit…

Posted in Credit Repair, ICICI Bank, Kotak, ULIP Comments Off

Read Manish Chauhan’s excellent post on Agents misselling LIC Wealth Plus. The product promises the highest NAV in the next seven years, and some agents are trying to sell this by using the NAV of a different policy (that does not have such a guarant…

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Sometimes a picture is worth a thousand words. I was pointed to an ICICI insurance page today that had snazzy little buttons and boxes that showed you how rich you could become if you invested so much per month. So I decided, to create my own littl…

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Khushal Devera at Moneycontrol: Sachin’s family want to get their daughter married after she completes her graduation – that is another three years away. They did some calculation and decided they will require Rs 2.5 lakh for the marriage. Sach…

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ULIP Advisors just do not know how to stop. Someone who harvested phone numbers from random sources calls me and says he’s from Kotak and selling me a plan that is (Hold your breath) NOT A ULIP. According to him it’s a plan where: You can inves…

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Jago Investor, which has become an excellent site, has a post on misselling ULIPs.

The story: A family that had 10 L to invest, gave it to someone they knew in an investment bank, who considered all possible investments and chose the one that made hi…

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