Jul 09, 2007 03:19 PM
26417 Views
In continuation of previous writers on Money plus...
Money plus policy is not designed by LIC originally. Ulips are the gift to Indians by private insurance corporates. it the shame on LIC why they didn't bring such a good policies before.
the allocation charges is what the agents shut their mouth while explaining to customers. 26.5% as allocation charge in LIC is too much, while other corporates charges an average of 20% for similar policy. bajaj allianz charges only 5% in its capital Unit gain policy (CUG). the higher charge in LIC , the customers are in a position to loose 3 to 7 lakh over the period of 20 - 25 years when compared to Bajajs CUG.
regarding returns Bajaj, reliance, SBI, ICICI are giving more returns than LIC in previous year. and what about LIC, the 50 year old corporates in terms of return?
Money plus will accepted by, only if LIC cancel/ reduce the allocation charge. and give good returns like other insurance companies.
