keerthirahul
KF Rookie
Friends,
My father suggested this and made me purchase
The coverage I took is for 89 laks, and the premium is approx 2,30,000 per annum for a 5-year plan. My dad is hell-bent that this is the one and only best thing I have ever done in my life. Made the 1st year payment on Tuesday.
My friends are saying ULIP is a crime, and no one should venture into it. Can someone please tell me if I made a blunder??
My father suggested this and made me purchase
Tata AIA Life Insurance Smart Sampoorna Raksha
Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and ProtectionKey Benefits
- Choose from range of funds from equity oriented to fixed income focused, based on your risk appetite
- Safeguard your financial goals through Death Benefit in case of unfortunate death during the policy term
- Refund of 2X Premium Allocation Charges in policy years 10, 11,12 and 13
- Refund of 2X Mortality Charges from 11th policy year onwards.
- Flexibility to pay Regular premium or Limited premium of 5, 10 and 12 years
- Tax benefit1 as per applicable tax laws
The coverage I took is for 89 laks, and the premium is approx 2,30,000 per annum for a 5-year plan. My dad is hell-bent that this is the one and only best thing I have ever done in my life. Made the 1st year payment on Tuesday.
My friends are saying ULIP is a crime, and no one should venture into it. Can someone please tell me if I made a blunder??