Comments on: Why you should not blindly trust your financial agent http://blog.esudhir.com/2008/06/why-you-should-not-trust-your-financial-agent/ My observation about technology, Internet, IT, SAP and life in general. Thu, 18 Aug 2011 09:29:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sudhir Upadhyay http://blog.esudhir.com/2008/06/why-you-should-not-trust-your-financial-agent/comment-page-1/#comment-545 Sudhir Upadhyay Sat, 28 Jun 2008 06:47:14 +0000 http://blog.esudhir.com/?p=196#comment-545 Thanks Amardeep for your suggestions, As I have learned few basics in financial investment now, I got to know that ULIP has more administrative charges as compare to Mutual Funds. So, Mutual Funds are the way to go!!! Thanks Amardeep for your suggestions,
As I have learned few basics in financial investment now, I got to know that ULIP has more administrative charges as compare to Mutual Funds. So, Mutual Funds are the way to go!!!

]]> By: Amardeep http://blog.esudhir.com/2008/06/why-you-should-not-trust-your-financial-agent/comment-page-1/#comment-544 Amardeep Sat, 28 Jun 2008 06:20:46 +0000 http://blog.esudhir.com/?p=196#comment-544 I have had a similar issue with LIC's Money plus scheme wherein i was told that it is a Mutual Fund (1 time payment) and lockin for 3 years. But i got to know that i will have to pay the amount for 3 consecutive years and only then i can withdraw my Money back. I would also advice that dont go for Unit Linked Insurance plans (ULIP) because of less returns and recurring payments for 3 years. and Since Market is currently at 13-15 levels its better to invest in Balanced Funds which is 50% Equity and 50% debt instead of only equity. I have had a similar issue with LIC’s Money plus scheme wherein i was told that it is a Mutual Fund (1 time payment) and lockin for 3 years.
But i got to know that i will have to pay the amount for 3 consecutive years and only then i can withdraw my Money back.

I would also advice that dont go for Unit Linked Insurance plans (ULIP) because of less returns and recurring payments for 3 years.

and Since Market is currently at 13-15 levels its better to invest in Balanced Funds which is 50% Equity and 50% debt instead of only equity.

]]> By: Sudhir Upadhyay http://blog.esudhir.com/2008/06/why-you-should-not-trust-your-financial-agent/comment-page-1/#comment-523 Sudhir Upadhyay Mon, 23 Jun 2008 10:08:32 +0000 http://blog.esudhir.com/?p=196#comment-523 Raj, I am also now very careful and do my homework before going for a finance product. thanks, Sudhir Raj,
I am also now very careful and do my homework before going for a finance product.
thanks,
Sudhir

]]> By: Raj http://blog.esudhir.com/2008/06/why-you-should-not-trust-your-financial-agent/comment-page-1/#comment-522 Raj Mon, 23 Jun 2008 03:51:24 +0000 http://blog.esudhir.com/?p=196#comment-522 Totally agree with you.. these days,when there are so many insurance products in the market, we need to be very alert on what we buy and be sure that we get what we had asked for. I have had similar experience before, but was saved coz i did read the policy document once I got the papers. And used the "freelook" period when the agent had befooled me. Totally agree with you.. these days,when there are so many insurance products in the market, we need to be very alert on what we buy and be sure that we get what we had asked for.

I have had similar experience before, but was saved coz i did read the policy document once I got the papers. And used the “freelook” period when the agent had befooled me.

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