Review LIC Samridhi Plus (Table no. 804)

Samridhi Plus (Table No.804) in a new ULIP plan which offers Highest NAV of 1st 100 months or fund value whichever is higher.

Summary

This is Guaranteed highest NAV ULIP plan in which you get highest NAV of First 100 months or the fund value at maturity (Whichever is higher), similar to LIC Wealth Plus but charges are much lesser in this plan.

Read Full Article----->

Don't Invest in Highest NAV Guaranteed ULIP's- See Why

'Highest NAV Guaranteed' product is the new buzz started by most of the insurance companies in today’s time, but does it make sense to go in for it?

LIC Wealth Plus

ICICI Prudential Pinnacle

Tata AIG Apex Pension

Bajaj Allianz Max Gain

Max New York Life Smart Xpress

SBI Life Smart Ulip

And many more by other insurance companies

What the investor thinks?

The impression it leaves in the mind of Investor that one will get guaranteed highest returns in the period. The kind of words agents are spreading is that you will get the Highest NAV as per stock market performance as if the fund will participate in the equity market growth. However that is not the case. What a company guarantees is the highest value of its own NAV. For guaranteeing the NAV they will have to invest in debt products whose maturity value is equal to the guaranteed value.

Read Full Article----->