Life Insurance too has joined the bandwagon of ULIP market. Similar players in the market include LIC jeevan Varsha, ICICI Return Guarantee Fund, IDBI Fortis Bondsurance and Birla Sun Life Platinum Plus. You can read my take on those policies by following the links mentioned for each of those. Now, here is a quick review of SBI life Smart ULIP. As usual, first the good things about this product: •The Smart ULIP product provides NAV guarantee that is the highest of 168 fortnightly NAVs during first seven years or NAV at maturity, whichever is higher. In case of the unfortunate event of the death of the insured during the policy term, the nominee receives the higher of fund value or sum assured. •
Shorter premium paying term (3 or 5 years).
•Tax benefit on both premiums [U/s 80C] and maturity amounts[U/s 10(10D)] •Investment is managed by SBI Life – policy holder need not panic in volatile market Now the bad: •Short term – just 10 years! •Too many charges •Premium allocation charges : 15% in 1st yr, 5% for next 2-4 yrs for 3-5 yrs terms respectively. •Admin charges – Rs 60/- per month for full term. For first three years, annual administration charges of Rs 5 per 1000 of sum assured. •Fund management charge 1. 5% pa. Fund management charge can be increased to 2. 5% pa •Mortality charge levied on 1st day of each policy month. For more details on this product check the brochure and see the benefit illustration here. Verdict: This product may appear to be better than other ulip products in the market but not better than a combination of mutual funds with term insurance. I still suggest you folks not to combine insurance with investment. Invest of specific products for each purpose and reap the best benefits from each of those.
The Term Paper on Product life cycle and its stages
In today’s world, where market is unpredictable, strategies play crucial role in defending a firm’s product position. “The main reason why companies must continually develop new products is because products have life cycle”, (Bittel, 1980). Just as operation managers must be prepared to develop new products, they must also be prepared to develop strategies for both new and ...
I know many of you may not agree with me, again it boils down to individual requirement and the phase at which an individual looks at these products. Whatever the case may be, I welcome your comments and suggestions. This is the first product I have seen with so much clarity being provided to the customer upfront. Sandeep Garg True. But all other similar products in the market aren’t any different. Just that they don’t show all the charges opaquely. Reply 4 Suraj April 5, 2009 at 7:44 pm Thank u Sandeep u are calculating my way. Many do not know about these charges and the agents used to lure the people for high returns if the market is “BULL”. Otherwise it is ” HELL ” like now. the index was 21 thousand plus and now 10 th plus ! Reply 5 Chirantan April 6, 2009 at 6:55 pm Hi Mohan, thanks for all the details on SBI Life smart ulip. Now my question – Is there a better ulip than this in Indian market?
Can someone provide me details with comparison please? Reply 6 pushpa April 6, 2009 at 9:55 pm sir, i am planning to invest 1. 5 lakhs ( 3yrs).
how much i can expect at the end of 7th year. pls inform present nav of smart u lip Reply 7 pushpa April 10, 2009 at 12:55 pm @Chirantan Please reply sir Reply 8 Ashutosh April 11, 2009 at 2:36 pm I m currently working with SBI Life and Unit Values for SBI Life – Smart ULIP Plan options as on 11/04/2009 Fund Name Unit Value (Rs. / unit) FlexiProtect Fund 11. 39 Money Market Fund 12. 33 Reply 9 gaurav April 14, 2009 at 3:21 pm ow much i can expect at the end of 7th year with this plan .. Please be true to with the facts … Reply 10 nidhi ajmani April 15, 2009 at 12:22 pm If we go for smart ulip then how much i can expect at the end of 7th year with this plan .. Please be true to with the facts … you can suggest us the approx amount ….. Reply 11 harsh May 1, 2009 at 9:54 pm extraordinary work…. liked it much …. thank you… Reply 12 Kalyan May 9, 2009 at 9:49 am My first question is: How much is the expected return at the end of seven years with an investment of Rs. 1. 5 lac through three years. Please mention the higher as well as lower side.
The Term Paper on Alternative Investments
Executive Summary: The purpose of the report is to do an in-depth investigation, study and analysis on alternative investments. From the various alternative investments, our team of analyst chose commodities, variable annuities and hedge funds as our subject of interest for the study. Each financial product has its own aims as to cater to the different investment goals to meet the needs of ...
Second question is: What is the other product compareable in the line of this product. Reply 13 Manoj Khatri May 17, 2009 at 2:21 pm If I invest for smart ulip then how much I expect after 10 years maturity with an investment of 1. 5 lac in three years? I want details. Reply 14 chandrakant May 20, 2009 at 1:18 pm Kalyan :My first question is: How much is the expected return at the end of seven years with an investment of Rs. 1. 5 lac through three years. Please mention the higher as well as lower side. Second question is: What is the other product compareable in the line of this product. @gaurav
Reply 15 chandrakant May 20, 2009 at 1:27 pm my question is;how much is the expected return at the end of seven years with an investment of RS. 1. 5 lac through three years. Reply 16 Rakesh kumar Singh May 21, 2009 at 5:12 pm Dear Sir, My first question is: How much is the expected return at the end of seven years with an investment of Rs. 1. 5 lac through three years. Please mention the higher as well as lower side. Can I withdraw this money after 3 years? as my agent told me that i can. Reply 17 Rakesh kumar Singh May 21, 2009 at 5:18 pm Is it the correct time to invest in SBI ULIP plan?
My agent didn’t tell me about all this charges, just i know that they will charge Rs. 4500/- for first year. not to combine insurence with investment, i didn’t get it ? In SBI smart ulip plan do we have this option ? Reply 18 Mohan May 21, 2009 at 8:45 pm Hi all, most of you have been asking what would be the return after n number years if i invest x amount. To answer your question, there is no specific number that I can quote. Since it is a ULIP, it is subject to market variations. It completely depends on how the fund manager takes care of your investment.
Please talk to the concerned agents and they will be able to give you approximations based on some numbers. Reply 19 RAVI May 29, 2009 at 3:26 am Return is guarenteed. put 1. 5 and get 2. 5 min. guarentee. or more. so i did not understand why bother all charges etc. any one can get min. 2. 5 or more if NAV is more while withdrawing. do u guys agree with me? Reply 20 sureshkumar June 9, 2009 at 2:32 am Sir, If I invest for smart ulip then how much I expect after 10 years maturity with an investment of 1. 5 lac in three years? I want details. Please reply sir Reply 21 Mohan June 9, 2009 at 10:39 am Ravi I didn’t quite understand your statement. Could you elaborate on that please? @Suresh Please check their website for detailed calculations and deductions. If you get a chance to talk to their customer care, bring out such questions and get all your queries clarified. Reply 22 chitra June 19, 2009 at 12:42 pm hello mohan, thanks for the detailed info abt this Plan.. But i would like to invest 50,000 this year for tax saving.. This morning i talked to my agent and he told me abt this.. I thought to invest in this plan.. But after seeing these discussions.. I have a backlog..
The Essay on Risk & Return
What are investment returns? What is the return on an investment that costs $1,000 and is sold after 1 year for $1,100? Investment returns is the expectation of earning money in the future on the amount of money invested. The return is the financial performance of the investment. The return is the difference between the amount invested and the amount you are returned after said investment. There ...
So please suggest me in which i can invest with maximum profits..? Reply 23 Ankur Chawla June 19, 2009 at 1:26 pm SBI did a goof up on this one…when there employees contacted us to buy the polivy they said that return will start from 4th year onwards and the policy came stating that return will come only after 5th year completion i. e. in 6th year…so that is no good for me anymore…i ams tuck i want my money back as i feel cheated by SBI…and i donno how to do that…because they are not going to give it back that easily…
