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Budgeting and planning
Tracked by: 0 Boarder
khilji,
I think my hubby was afraid of my rash driving and bought lots of insurance. lol lol... now whats to be done, i am wondering if i should redeem them.. will they give loans against insurance so i can pay back the loan itself when stocks move up..... pss5588 too was mentoining the same thing....
In reply to:
Investment costs
Posted by :
m_i_khilji
Dear radhika_nandlal,
Investment and Insurance are two completely different things.
One should not consider insurance policies as investment. Rather, one should go for top rated mutual funds, if looking for investment (for retirement, child`s marriage and/or education) etc. 
Tracked by: 0 Boarder
Dear radhika_nandlal,
Investment and Insurance are two completely different things.
One should not consider insurance policies as investment. Rather, one should go for top rated mutual funds, if looking for investment (for retirement, child`s marriage and/or education) etc....
In reply to:
Investment costs
Posted by :
radhika_nandlal
Okay winwath... will take a look, thanks for the info. Abroad the insurance covers docs fee but here its impossible to find such a medical cover. However thanks and yes the returns are a dismal 2-5% and i feel investing in insurance is a waste... one should periodically redeem and reneter there too. LOL
Tracked by: 0 Boarder
Okay winwath... will take a look, thanks for the info. Abroad the insurance covers docs fee but here its impossible to find such a medical cover. However thanks and yes the returns are a dismal 2-5% and i feel investing in insurance is a waste... one should periodically redeem and reneter there too. LOL...
In reply to:
Investment costs
Posted by : winwath
Suggest you take a look at Reliance`s major medical plan - Cost about 6K for my wifey and two kids - covers only hospitalization.
We write a check to the doctor or casual visits. A portion of this is deducted from our taxable income
Tracked by: 0 Boarder
Suggest you take a look at Reliance`s major medical plan - Cost about 6K for my wifey and two kids - covers only hospitalization.
We write a check to the doctor or casual visits. A portion of this is deducted from our taxable income
...
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
This is a deffered annuity plan. Premium paid along with interest (which is pathetic) 3% if death occurs within 10yrs or 4% within 20yrs and 5% thereafter.
Premiums are discontinued in case of death of the insured. The annuity however will pay for the term assured.
A max of 25% of premium due can be collected lumpsum - tax free.
If this is not in force too long and you pay premiums monthly - discontinue and get a term life insurance
For a healthy 30 yr old male - the term ins for an amount of 30 lakhs is less than 20K per year.
Term life pays benefits only in case of death before the term expire. There is no cash value at the end of the term....
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
Dear Radhika Nandlal,
I have not studied Jeevandhara & other Policies of LIC Except few ULIPS. Hence I can not comment on this.
Pension Plans should be Avoided due to Adverese Tax Laws & very LOW Returns of ANNUITY.
You may Discontinue Further Premium Payment after Carefully understanding Consequences & Possibility of Loss of Principal .
Equity Mutul Funds are the BEST Option. Invest by SIP & Opt for SWP after Retirement.
P.C.Sharma
...
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
And pcspune, the amount of premium i pay every year towards this is 29K almost....
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
Kindly tell me what this policy will give me at the end of its term. Thanks. ...
In reply to:
Investment costs
Posted by : radhika_nandlal
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.
Tracked by: 0 Boarder
pcspune,
My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are
Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L
Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.
Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems....
In reply to:
Investment costs
Posted by : pcspune
Dear drpbala,
Investment decisions should be taken on the Basis of likely Returns not on COST Basis.
If you are EXTRAORDINARY Intelligent & have sufficient Time & GREAT Patience, Investment in SHARES of Carefully Chosen 8-10 Companies are likely to Give Excellent Returns in 5 years provided you monitor Regularly & Book Profits whenever Target Price is Achieved.
Exchange traded Equity Funds may Cost minimum but unlikely to Give GOOD Returns.
Investment in Largecap Oriented and Multicap Diversified Equity Funds ( Carefully Chosen) are likely to give GOOD Returns.
P.C.Sharma
Tracked by: 0 Boarder
Dear drpbala,
Investment decisions should be taken on the Basis of likely Returns not on COST Basis.
If you are EXTRAORDINARY Intelligent & have sufficient Time & GREAT Patience, Investment in SHARES of Carefully Chosen 8-10 Companies are likely to Give Excellent Returns in 5 years provided you monitor Regularly & Book Profits whenever Target Price is Achieved.
Exchange traded Equity Funds may Cost minimum but unlikely to Give GOOD Returns.
Investment in Largecap Oriented and Multicap Diversified Equity Funds ( Carefully Chosen) are likely to give GOOD Returns.
P.C.Sharma
...
In reply to:
Investment costs
Posted by :
drpbala
I would like to invest Rs 10,00,000 in the next 6 months time for very long term(more than 5 years). I would like to know the best investment options among the following considering the various costs involved and the expected returns.
1. Direct equity
2. Exchange traded index funds
3. Index related mutual funds(Direct investment)
4. Diversified mutual fund(Direct investment)
Each one of the above investments involves certain costs such as demat account charges, trading charges in case of direct equity and ETF's and fund maintenance charges in case of MF's.
Kindly advise which mode involves the least cost component.
Tracked by: 0 Boarder
Dear drpbala
1.If you have sufficient knowldge about equity and sufficient time to analyse and study the equities you can go for direct equity. It will be certainly cheapest.
2.Exchange traded index funds are also a good option, because among Index funds Benchmark funds are best with least tracking error however you need to have a Demat account as you are aware.
3. This is same as option 2 however except the fact that u need not to have a Demat account for investing in these type of funds. As far as expense ratio is concerned it is more or less same.
4. In terms of cost this may be costliest even if you directinvestment but that will be offset if you are investing for more than five yrs.
Regds
Ashport...
In reply to:
Investment costs
Posted by : drpbala
I would like to invest Rs 10,00,000 in the next 6 months time for very long term(more than 5 years). I would like to know the best investment options among the following considering the various costs involved and the expected returns.
1. Direct equity
2. Exchange traded index funds
3. Index related mutual funds(Direct investment)
4. Diversified mutual fund(Direct investment)
Each one of the above investments involves certain costs such as demat account charges, trading charges in case of direct equity and ETF's and fund maintenance charges in case of MF's.
Kindly advise which mode involves the least cost component.
Tracked by: 0 Boarder
I would like to invest Rs 10,00,000 in the next 6 months time for very long term(more than 5 years). I would like to know the best investment options among the following considering the various costs involved and the expected returns.
1. Direct equity
2. Exchange traded index funds
3. Index related mutual funds(Direct investment)
4. Diversified mutual fund(Direct investment)
Each one of the above investments involves certain costs such as demat account charges, trading charges in case of direct equity and ETF's and fund maintenance charges in case of MF's.
Kindly advise which mode involves the least cost component.
...
Tracked by: 0 Boarder
Can anyone suggest which call or put may be purchased on the current market view immediately...
Tracked by: 1 Boarder
Thanks for your message and suggestion. My investment in SBI Blue Chip, SBI Contra Fund, Templeton India Equity, Reliance Equity Advantage, Franklin India High Growth Companies, Lotus India Equity, Fidelity Equity, Reliance Diversided Power Sector-G, Sundaram Paribas, Reliance Golden Year - G and ICICI Pru. Flexi Growth. The last two funds are ULIP's and all others are Mutual Fund and also some shares in RPL. The time frame for the above funds varies from 3 years to 1 year.
...
In reply to:
To sell all the investment.
Posted by : pcspune
Dear hsnmf,
If you have Invested in Shares / Mutual Funds of Good Companies, you may Continue the Investments till 1-2 years or more.
You are likely to get Good Returns
You may book losses if you have not invested in Good Shares.
P.C. Sharma
Tracked by: 1 Boarder
Dear hsnmf,
If you have Invested in Shares / Mutual Funds of Good Companies, you may Continue the Investments till 1-2 years or more.
You are likely to get Good Returns
You may book losses if you have not invested in Good Shares.
P.C. Sharma...
In reply to:
To sell all the investment.
Posted by : hsnmf
Due to the present situation of the market I am thinking to sell all my investment and book losses whatever value I have at present and take a long breath and out from this dirty business of stock market. Boarders please advice my decision is right or wrong.
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