Dear Policy Holders,
The time has come when I have to advise you as under in respect of 'fund switching':
The aggressive amongst you should come in to 'growth fund' to the extent of 75pc and rest in 'secured fund'.
The moderates should be keeping funds in 'growth fund' and 'secured fund' in ratio of 50:50.
The defensive should maintain funds in 'defensive fund' entirely.
This advice has been occasioned by my observation that market has kept head above water even in the wake of 'koreas' in a token war and the scams in housing loans by banks and the telecom sector. This has tested the ground for the equities in general and makes me believe that there would be big jump ahead after the consolidation phase. The market has even otherwise lost some 5pc value from the recent top and the present level of Nifty at 5850 is quite OK.
Now I tell you by way of good news that our insurance company has come out with a wonderful product which is a single premium unit linked product without any limitations and also provides you with life risk cover of 1.25 times or 5 times (of the premium) as per your choice and stage of life. It has provision for switching in the same fashion as you enjoy with your present ULIPs. The other good point is that it has curtailed the commission to adviser to a minimal level and has transferred the benefit to policy holders ie now your premium will be invested directly in to fund of your choice to the extent of 97.5pc. Since it is single premium product your worries about future capacity of paying premium need not be there any more. You will still have option to top-up to the extent you want it upon availability of investible funds in your hands. The benefits do not stop here but extends in the form of your right to withdraw money from your policy at will , in full or parts, once the policy has completed full five years. The eligibility of entry is right from age 18 to 65. The term is fixed as ten years. There would be no medical examination for those who opt for 1.25 times risk cover. There are numerous more benefits which I would like to tell individually to the ones who have decided to go for it in principle. Please be serious about getting in this policy purchase without wasting time as the good products which are too cheap cost-wise are prone to withdrawal by companies after a successful run and raise charges. I have told enough and it is up to your level of understanding of financial products in a 'common sense' way and after shedding negative tendencies. Needless to say that HDFC group now carries the best reputation not only in India but globally. HDFC SLIC has become number-one private insurer in October '10 in term of business done. Please do not hesitate to contact me for any further detail. The site www.hdfclife.com also enable you to view the brochures and fund performance etc.
The time has come when I have to advise you as under in respect of 'fund switching':
The aggressive amongst you should come in to 'growth fund' to the extent of 75pc and rest in 'secured fund'.
The moderates should be keeping funds in 'growth fund' and 'secured fund' in ratio of 50:50.
The defensive should maintain funds in 'defensive fund' entirely.
This advice has been occasioned by my observation that market has kept head above water even in the wake of 'koreas' in a token war and the scams in housing loans by banks and the telecom sector. This has tested the ground for the equities in general and makes me believe that there would be big jump ahead after the consolidation phase. The market has even otherwise lost some 5pc value from the recent top and the present level of Nifty at 5850 is quite OK.
Now I tell you by way of good news that our insurance company has come out with a wonderful product which is a single premium unit linked product without any limitations and also provides you with life risk cover of 1.25 times or 5 times (of the premium) as per your choice and stage of life. It has provision for switching in the same fashion as you enjoy with your present ULIPs. The other good point is that it has curtailed the commission to adviser to a minimal level and has transferred the benefit to policy holders ie now your premium will be invested directly in to fund of your choice to the extent of 97.5pc. Since it is single premium product your worries about future capacity of paying premium need not be there any more. You will still have option to top-up to the extent you want it upon availability of investible funds in your hands. The benefits do not stop here but extends in the form of your right to withdraw money from your policy at will , in full or parts, once the policy has completed full five years. The eligibility of entry is right from age 18 to 65. The term is fixed as ten years. There would be no medical examination for those who opt for 1.25 times risk cover. There are numerous more benefits which I would like to tell individually to the ones who have decided to go for it in principle. Please be serious about getting in this policy purchase without wasting time as the good products which are too cheap cost-wise are prone to withdrawal by companies after a successful run and raise charges. I have told enough and it is up to your level of understanding of financial products in a 'common sense' way and after shedding negative tendencies. Needless to say that HDFC group now carries the best reputation not only in India but globally. HDFC SLIC has become number-one private insurer in October '10 in term of business done. Please do not hesitate to contact me for any further detail. The site www.hdfclife.com also enable you to view the brochures and fund performance etc.
Krishna Kumar Khandelwal
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