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Financial Planning Sip Insurance or ULIP 1
Financial Planning Sip Insurance or ULIP 1
Financial Planning Sip Insurance or ULIP 1
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http://money.outlookindia.com/printarticle.aspx?93852
We assume here that a 30-year-old invests Rs 2,500 each per month in the three schemes over a term of 15 years Reliance SIP Maturity value* 8.29 lakh 4,22,500 Death benefit in the 11th month 3,92,500 Death benefit in the 23rd month 9 lakh Death benefit after 2 yrs 8,900 Cost of benefit after 10 yrs All figures in Rs *At 10 per cent growth rate. For mutual funds, entry cost of 2.25% and recurring charge of 2.2% have been taken account. For Type II Ulip, premium allocation charge of 25 per cent for the first 2 years, 3% for the 3rd and 4th years and 1% for subsequent years; mortality charge as per the age and sum assured; administration charge of Rs 60 per month; and fund management charge of 1.5% have been taken into account. Nil Nil 2.5 lakh 9 lakh 1.25 lakh 9 lakh Birla SIP 8.29 lakh 25,000 Ulip 8.34 lakh 9 lakh
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9/8/2009 8:38 PM