icici prulife be cautious

Lets not blame ICICI or any company for that matter. When investing in market linked ULIP's, in needs proper monitoring from the policy holder and should also wait for stipulated years for better returns.

The first 3-4 yrs, the allocation and fund charges will be more and the investment money into the market will be relatively lesser.

 

I Suggest you to check with the Customer Rep about the Charges for first 3 years...and Their allocation structure for the market if it is ULIP

Its not that ICICI does Fraud....IT is connected with Every ULIP that First 3 years There will be Some charges and your full money will not invested in the Market...Even I had ICICI Pru, in which first year arround 15% was kept aside for some charges and second year 10 %..and 3rd year 5%, later on they will allocate all ur mny in the market based on the option u selected....I had recently Withdrawn the policy (after 3 years) and got real good amount, even though many charges were involved....

 

Friends
Extremely good thread. Thanks a lot for sharing experiences and expertise.
My mother had invested 75 k in an open scheme in hdfc mutual fund for monthly interest scheme and she still get 460 rs of something per month.

 

You are fundamentally correct in the charges front of the ULIP. But those CHARGES are REALLY HUGE if you take an average of all the ULIPS across. The agents bags their commission before anyone else from your ULIP.. they bag as much as 80% overall. Then only your money would be exposed to more volatile equity market in the name of funds etc..
I really hate why do we need to pay for the Insurance to invest OUR money? Why not you go to a fund manager to invest in a mutual fund(even a SIP is a far better choice) after buying an excellent Term Life for dirt cheap premium.