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Thursday, August 5, 2010
Chicago SMO Expert
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Lump Sum Annuity
ReplyDeleteI have read your article, I have a question for you. We talk about 2 types of Investments 1. ULIP and 2. Mutual Funds.
When you talk about ULIP, The maintainance Charges ,Morality Charges , Allocation charges come close to 40% of annual PermiumEg.HDFC Pension Plans. Apart from that they charge every year for maintainace.
When you talk about Mutual Funds One time entrance fee of 2.5%, no annual charges.
My question is
1. Is ULIP giving higher returns than Mutual Funds,since close to 30% of our investement goes for maintainace,morlaity,allocation,annual charges
2. What is the difference between Investing in ULIP's with Insurance plans like LIC Jeevan Tarang,Jeevan anand etc.