Unit Linked Insurance Plan ULIP

wallstreetguy · 1 Unit Linked Insurance Plan ULIP Tue Jun 21, 2011 10:06 pm

wallstreetguy

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Hello investors,

I was reached by a professional financial advisor , a wealth planner manager from AVIVA NDB, offering me a investment plan of investing in the market and bonds, called Unit Linked Insurance Plan ULIP
I had no idea about it, but it seems to be promising as he explained to me about it. But still i have doubts is this a scam or a real deal. This is about long term investing. 3- 10 years he did mention. Defenitely it was hihg returns to be expected.

Does anyone know about it. If so Please give me your valuable advices about it and reviews and reasons to invest or not.

Thanks

xhora · 2 Re: Unit Linked Insurance Plan ULIP Tue Jun 21, 2011 10:20 pm

xhora

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I think this is what you are mentioning
I have seen it previously. coming from a good company this cannot be a "Sakvithi SCAM"

http://www.avivandb.com/savings_and_investment/aviva_ndb_investment_plan.asp

wallstreetguy · 3 Re: Unit Linked Insurance Plan ULIP Wed Jun 22, 2011 9:54 am

wallstreetguy

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i saw this. but this isnt helpful. I need public reviews

salt · 4 Re: Unit Linked Insurance Plan ULIP Wed Jun 22, 2011 1:53 pm

salt

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This is a good plan. Go for inflation protection. But, calculate CAGR and see how your investment grows. Good one! go for long term 15-25 years. You get the benefit/power of CAGR.

Fresher · 5 Re: Unit Linked Insurance Plan ULIP Wed Jun 22, 2011 2:58 pm

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I have portion of this which I started an year ago. I went with 70-30 growth/secured fund.

With the bullish market it was great I do not know about the latest. You basically buy their units. They invest only in blue chip companies. The money can be taken out after a minimum of 3 years