Commented on own review
Jan 04, 2011 06:24 PM
@kalsi82: I am sorry to hear that you were not told the clear picture. Mis-selling is rampant in the financial industry. I urge all the investors to do their own homework before investing their hard earned money. Before buying any financial product, one must check his/her individual requirements and... see if the particular product is suitable to you or not. Also, I would urge you to ask for the product illustration before buying any insurance policy. As per IRDA guidelines, insurance companies are allowed to explain the policy benefits by taking 6% and 10% gain only. Please feel free to write in if you have any questions.Read More
Commented on own review
Jun 14, 2010 07:20 PM
@derebail2008: The biggest issue with the insurance is that it is mis-sold. The primary purpose of the insurance is to cover the life of a person who has a family dependent on him/her financially. Instead it is mainly sold for creating wealth.
As far as the issue of existence of private companies..., only the companies with deep pockets can enter in this business. Consolidation may happen but it will not affect the individual policy holders. Particularly for Birla Sun Life, Birla is a household name in our country. And Sun Life is the biggest insurer in Canada. It is like LIC of Canada. I don't think it is going anywhere.Read More
Reviewed General Tips on Medical Insurance
Jun 13, 2010 11:50 PM
47414 Views
(Updated Jun 13, 2010 11:54 PM)
Choose a health insurance policy wisely as the gap between your needs and delivery by insurers may be large
Buying health insurance is not easy for the Indian consumer – and it’s obvious that consumers are not getting the deal they are looking for. According to data available with the insuran...Read more
Commented on own review
Apr 28, 2010 06:41 PM
@RK_Agrawala: Please contact your dealer for the same. He must be able to provide you the required information.
See my other review:
http://www.mouthshut.com/review/Birla_Sun_Life_Insurance-143451-1.html
Commented on own review
Jan 17, 2010 10:41 PM
@Vivekg05 - Please check the illustration provided to you by your adviser. Your policy document will also have this attached to it. If you find that your are charged more than what the illustration mentions, please send your complaint at customerservice@birlasunlife.com or call Toll free 1-800-270-7...000.
Feel free to revert if I can be of any further help.Read More
Commented on own review
Oct 20, 2009 08:06 PM
@npsingh - This product has been approved by IRDA with special clauses. This policy will neither lapse nor you will be asked to top it up. The only condition is that you should continue paying your premiums.
Commented on own review
Aug 27, 2009 12:04 AM
@vijay.sandes: Ask your broker to provide you the illustration. As per IRDA rules, every insurance company can show the plan illustration with 6 and 10% rate of return only. So it is the best way to judge.
@vkchetan: There will be a toll free number on Birla site. Call them and ask for CIP/TPIN. ...It is like username/password.Read More
Commented on own review
Sep 21, 2008 04:41 PM
(Updated Jun 14, 2010 12:00 AM)
This is in reply to in_goodguy. He has raised some very good questions. Answers are inline.
1) What is the difference between Basic Sum Assured and Enhanced Sum Assured?
Ans: This plan is basically a ULIP plan. The feature of enhanced sum assured makes it similar to a term plan. Suppose yo...u want to have a term plan of say Rs. 25 lakh, then you can customize this plan e.g. by choosing a sum assured of Rs. 25000 and enhanced sum assured of 24laks 75 thousand.
2) What are the various charges deducted per annum from this Dream plan (Fund Management charges, Mortality charges, premium allocation charges etc.,)
Ans: Here are the charges:
Fund Management charges: 1.0% per annum
Mortality charges: For 30 years male, Rs. 1.59 to Rs. 1.82 per 1000 of Basic and Enhanced Sum Assured
Premium Allocation Charges: Nil
3) Give an example by comparing the premium paid in Term plan and ULIP and final returns in case of death and in case a person is alive till the end of the policy.
A pure term plan doesn’t give you anything if a person survives the term. Dream plan being a ULIP will return you money based on the market conditions. If a person dies, a term plan gives back the sum assured. Dream plan returns back sum assured plus enhanced sum assured.
4) Does the mortality charges (deducted as units) increase every year unlike Term plan?
Ans: Your premium will be fixed through out the years just like the term plans and I guess that is what a policy holder cares about.
If you can provide me your age, sex and the risk amount, I will calculate the premium and update you. Thereafter you can check with all the other insurance providers. As I said, this plan will beat all of them.
Want to know about more? Give me a shout on 95405 58111, 95405 58222.Read More
Reviewed Choosing an Insurance Provider
Aug 14, 2008 11:31 PM
9401 Views
(Updated Nov 09, 2008 08:29 AM)
We people think so much about future. Our next career goals, our future
aspirations and so many other things. We take the big decisions of our
life after taking account of so many factors that we think are most
important to us. But we forgot some very small things. These things
might...Read more
Reviewed Aditya Birla Sun Life Insurance
May 17, 2008 07:57 AM
44923 Views
(Updated Jun 13, 2010 11:35 PM)
The more I read about personal finance, the more convinced I become that the first plan one should buy is term plan. A term plan is a plan which is pure protection plan i.e. it gives monetary protection to your family members only when you are no more. If you survive the plan duration, you get n...Read more
Reviewed Voltas Vertis 1.5 Ton
Jun 20, 2006 03:10 PM
92677 Views
(Updated Sep 23, 2008 03:34 PM)
I recently purchased 1.5 Ton Voltas Vertis Plus AC. I am very much satisfied with the AC so far. Before buying it I did some research and that is what I want to share with the readers.
Basically I compared among LG, Voltas and Hitachi Window ACs. Hitachi looked like the best and the most expe...Read more
Reviewed Motorola Razr V3x
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3510 Views
Lets start with the motorola's hottest mobile, RAZR. No doubt, RAZR V3 is the most sleek set available in indian market. It looks pretty good and works well too. However, story never finishes with buying a mobile. Infact it starts from this point.
I am using this set for last 3 months. One pr...Read more
Reviewed Credit Cards Financial Help or Financial Hurt
Jun 17, 2006 04:42 AM
1574 Views
The purpose of this writeup is to make people aware of what credit card one should go for. Though almost every bank has launched their credit cards, I am outlining the difference between Standard Chartered Manhattan, ABN Amro Freedom, ICICI and HSBC Gold credit cards.
I have a very good exper...Read more
