Insurance companies are governed by IRDA and as long as the Indian Insurance companies meet the solvency norms as specified by IRDA, it is safe to invest.
This solvency rule is applicable to nationalized insurance company like LIC as well.
So, be relaxed and just hunt for a better insurance/investment plans.
Wednesday, September 17, 2008
Monday, September 15, 2008
Yearly mode and monthly mode of ULIP premium payment
Which is better?. Yearly Mode or Monthly or Quarterly or BiAnnual?.
Answer is it depends on the situation.
In the current market condition scenario, monthly premium payment option works better. Some ULIPs also offer systematic trasfer plan or automatic transfer plans in which you can allocate your funds in the Debt kind of funds and move it to equity every month little by little and all this happens automatically.
Isn't it wonderful tool.
Answer is it depends on the situation.
In the current market condition scenario, monthly premium payment option works better. Some ULIPs also offer systematic trasfer plan or automatic transfer plans in which you can allocate your funds in the Debt kind of funds and move it to equity every month little by little and all this happens automatically.
Isn't it wonderful tool.
Friday, September 12, 2008
Investing in the name of Kids. Child plans and the myth
How much everyone loves their child need not be shown by buying a child plan or kids plan that are being advertised. If you want to invest in your child's name, do some shopping around. There are many options available.
Kids plans are good for people who can't find time to manage their portfolio.
If you plan well or if you have a advisor then it's best to go for other plans for your kid.
Kids plans are good for people who can't find time to manage their portfolio.
If you plan well or if you have a advisor then it's best to go for other plans for your kid.
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