Jun 27, 2017 02:59 AM
26208 Views
(Updated Jun 27, 2017 03:01 AM)
ULIP policies meant for Long term Tax Benefit and growth and also Insurance coverage.
I got three policies annual Premium 50, 000 rs I joined since 2010, first three years Hugh deduction and NAV is very low. there is no sign of growth. But after 5th year visible growth I seen. Presently NAV is at 21. Average growth.
My investment is about 4, 00, 000 rs, My policy value is 6, 00, 000 rs 50% cumulative growth after deducting all fees.
Lock down period it was 3 yrs when I took the policies but later its changed to 5 yrs. I am continuing I can see my fund value in website. Only one Problem Pension scheme you cannot take 100% amount on Maturity only 1/3rd you can withdraw .2/3 will be paid as Pension Monthly or Quarterly or Half yrly or Yearly as per our request.
80CC tax Benefit. but steady growth even during 2011 market movement flat after 2009 market crash. but ICICI performed well. Staff attitude good regular follow up for Premium and instant reply to any of the questions.
Those who wants to invest for long term 15 yrs then only choose ICICI prulife. Pension scheme.
High deduction rates.
