i want to invest some money in icici pru life insurance is it good or bad
Posted Answers
you can invest in market linked plans. But be careful in studying and analysing the market and wait for bearish market and start. But you can invest in other plans without market linked at any time.
visit:- http://in.answers.yahoo.com/question/index?qid=20091201133928AAoGiLn
Answer by jasminkanani - 5 reads
It is good.
Do you know friends you can win exciting prizes like MP3 Players and Movie Tickets just go to the given link:
http://www.hungamadeals.com/signup.php?ref=17810cdd2172addfc62ec4b6e7bc343e
Here Signup/Register with Referral Code:6e29f622-b123 and get chance to win.
Answer by sbdh - 3 reads
I have ICICI Pru Life Insurance for last three years. I selected this plan mainly to save tax. Earlier I used to deposit money in PPF in which money is blocked for a long time. So, I decided to buy this policy because it has only 3 years lock in period. After that the amount is withdrawable. There are few advantages and some advantages.
Disadvantages:
1. Money is blocked for three years
2. They charge a hefty amount as fees. In my case it was 20% in first year, 14% in second year, 5% in third year and 4% hereafter.
3. If you don't deposit premium after first year a major part of investment is forfeited.
4. It moves up and down with the stock market (maximiser fund). At one time when stock markets fell flat my money got halved.
Advantages:
1. After 3 years whole amount is withdrawable though you have to pay 2% exit load.
2. You can register online on their site and track the value of your investment daily.
3. There are three types of fund- maximiser (all money in stock market), balanced (half in stock market and half in fixed deposits/ bonds), preserver (all in fixed deposit)
4. You can choose and switch your funds (online also) in any of the above four options.
All in all I found this option much better than other available options when thinking about saving TAX.
Answer by sanjay_dmrc - 20 reads
it is good but chk the deal with person who shld be reliable
the intial cost is high as they get some points and incentives for them for post higher value in the investment and which too goes for a long duration. Go for HDFC simply life that is also good
Answer by anshu1983 - 42 reads
you can invest in market linked plans. But be careful in studying and analysing the market and wait for bearish market and start. But you can invest in other plans without market linked at any time.
Answer by alaka - 67 reads
Icici prudential is one of the best but then it depends upon scheme do not go by the returns charts shown by company or agents as they are just indicative of returns & actual returns may depend upon market situation.
Consult some one unbiased & knowledgeable before investing & see what amount actually gets invested & what is deducted as processing charge & other expense head specially for first 3 years as some schemes have big payouts to agents so amount actually invested is 20-30% in first year.
You can ask me further with details of scheme if you think you can trust me on judgement
Answer by AUDI - 115 reads
