Some people do, it seems - to buy
this Birla Sunlife ULIP - the first year policy premium allocation charge is 65% for a 15 year plan. The net deductions are more than that of course, but 65% is only the allocation charge.
You would think they may have no other charges in subsequent years perhaps?
65% commissions and then some more each year. Someone has to be really drunk to agree to buy this policy.
Related posts:
- How ULIPs and Mutual Funds make you pay When you buy at the supermarket, you cringe if the...
- How ULIPs can loot you – A Real Example I received the following mail from an anonymous commenter that...
This entry was posted on Saturday, December 1st, 2007 at 9:31 PM and is filed under ULIP.
You can subscribe to any comments to this entry via RSS 2.0.
You can leave a response, or trackback from your own site.
>For those ignorant masses, this is the best drink administered by their agents. It is simple “security as well as return”. The agents get 30% commission. I know of an agent who even gave the family a trip to Mahabaleshwar after they signed for ULIP.
12.04.07 at 5:36 AM
>My citibank Relationship manager sold me this policy & I bought it.
Now I’m realising my mistake….Should have read the papers, so I turmn out like a fool so posting as anonymous
12.15.07 at 11:15 AM
>@2nd anonymous: Dont lose heart,there are many liek you (myself included) and guess what? for me also it was the citibank relationship manager who fooled me:(
06.06.08 at 8:11 AM
>dear all,
this mnc can fool us for some time only,innocent customers oneday understand this cheating.only time can tell us.
thanks
04.10.09 at 1:56 PM