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HDFC Infinia against ULIP

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Kpawar04

Kpawar04

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I want infinia or any high premium card through any process that i can do so i decided to take it against Ulips.

My que is if i take ulip for 3 years 1.5L/Y them whats document they ask for like salary slip/ itr because my itr is 6.5 LPA only i im little bit confuse that if they don't give me that card by demanding anything later then my investment is not worth for me.
Or I will purchase ULIP then they can give me without verification and one more que does bank account and credit card from hdfc bank is required?
 
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Please edit your thread remove all the caps its disrespectful to others

Also before posting please check whether there is a thread on that topic in this scenario there is a thread with same name. Please go through it

sonuyos

Infinia Thread 'Infinia Against ULIP?'

I got an offer from HDFC RM, saying I can get Infinia (I have no shot at getting it directly without waiting for like years. As it took them 8yrs to upgrade my Moneyback to Millennia card.)

If I go thru FD backed route it will be - 7.20% interest rate on 10lk fd. I straight up lose 5-7% on 10lk = 60k roughly every year.

They said to pay 2.1lk to get the card and of which I can surrender the Policy if I want after 1yr, and get back roungly 103-108k back.

In return they will give me Infinia Metal with a guaranteed upgrade (giving me in writing over email) to Infinia Reserve once the card...
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Infinia dreams always comes at midnight and in bold letters 😄 … @Kpawar04 hope you have carefully analysed the usefulness of the ULIP scheme. Neither the policy or the card should become a burden on you in future. There are members here who have used this route and are happy with it as well.

@SSV
 
_deb_ said:
Infinia dreams always comes at midnight and in bold letters 😄 … @Kpawar04 hope you have carefully analysed the usefulness of the ULIP scheme. Neither the policy or the card should become a burden on you in future. There are members here who have used this route and are happy with it as well.

@SSV
Click to expand...
Yes I covered all topics then took a decision to get by ULIP I will continue ULIP till maturity and want my first card as a unsecured and Its Infinia if I got it with limit approx 5L then I will satisfy myself to get against Ulip. Can do fd but its same for me in fd I will get secure card but not the premium one.
 
Kpawar04 said:
Yes I covered all topics then took a decision to get by ULIP I will continue ULIP till maturity and want my first card as a unsecured and Its Infinia if I got it with limit approx 5L then I will satisfy myself to get against Ulip. Can do fd but its same for me in fd I will get secure card but not the premium one and go through the upgrade process LE and many more things as my current income is not too much that's why Ulip is better option for me to to get the higher limit card with some premium features and my spending would be around 9L cause family members will also.
Click to expand...

Kpawar04 said:
Yes I covered all topics then took a decision to get by ULIP I will continue ULIP till maturity and want my first card as a unsecured and Its Infinia if I got it with limit approx 5L then I will satisfy myself to get against Ulip. Can do fd but its same for me in fd I will get secure card but not and go through the upgrade process LE and many more things as my current income is not too much that's why Ulip is better option for me to to get the higher limit card with some premium features and my spending would be around 9L cause family members will also.
Click to expand...

Kpawar04 said:
I want infinia or any high premium card through any process that i can do so i decided to take it against Ulips.

My que is if i take ulip for 3 years 1.5L/Y them whats document they ask for like salary slip/ itr because my itr is 6.5 LPA only i im little bit confuse that if they don't give me that card by demanding anything later then my investment is not worth for me.
Or I will purchase ULIP then they can give me without verification and one more que does bank account and credit card from hdfc bank is required?
Click to expand...
Kpawar04 said:
Can do fd but its dont want to go through the upgrade process LE and many more things as my current income is not too much that's why Ulip is better option for me to to get the higher limit card with some premium features and my spending would be around 9L cause family members will also.
Click to expand...

_deb_ said:
Infinia dreams always comes at midnight and in bold letters 😄 … @Kpawar04 hope you have carefully analysed the usefulness of the ULIP scheme. Neither the policy or the card should become a burden on you in future. There are members here who have used this route and are happy with it as well.

@SSV
Click to expand...
Kpawar04 said:
And dont want to go through the upgrade process LE and many more things as my current income is not too much that's why Ulip is better option for me to to get the higher limit card with some premium features and my spending would be around 9L cause family members will also through this card I will apply c2c for other cards.
Click to expand...

Pissant said:
Either you aren’t reporting your taxes correctly or the card is of no use to you.
Click to expand...
So what I have to do to get this card with this method?
 
Please edit the thread heading and remove the caps.
Also do let us know how it goes and what is the ULIP amount you end up investing.
 
Remove Caps,otherwise my eyes will hurt.This generation has gone too soft.
Be strong take Vitamin A.
 
The ULIP route is now closed. Don't waste your time or money. In addition, with such comparatively limited income, the Infinia wouldn't be very useful to you.
 
Lobogris said:
The ULIP route is now closed. Don't waste your time or money. In addition, with such comparatively limited income, the Infinia wouldn't be very useful to you.
Click to expand...
Any other bank card that I can get with this method actually I want any card with limit of 5L at unsecured basis my next year income would to 23L and I have some savings too.
 
I do not think they will give Infinia for someone with 6.5L ITR. as @Pissant said you may be not reporting income correctly. In either case you are not fit for Infinia. And if you start using infinia more than your ITR then it will invite more trouble only.
 
Vinay13 said:
I do not think they will give Infinia for someone with 6.5L ITR. as @Pissant said you may be not reporting income correctly. In either case you are not fit for Infinia. And if you start using infinia more than your ITR then it will invite more trouble only.
Click to expand...
so other card like icici rubyx with limit of 5L by this method possible?
Atleast someone tell me which bank can provide by ULIP.
Ulip is beneficial for upcoming years as tax slab for me that's why I need in basis of that if I get INFINIA its win win situation
 
Kpawar04 said:
so other card like icici rubyx with limit of 5L by this method possible?
Atleast someone tell me which bank can provide by ULIP.
Ulip is beneficial for upcoming years as tax slab for me that's why I need in basis of that if I get INFINIA its win win situation
Click to expand...
Bro you have ITR 6.5 ..You come under 0 tax bracket why you thinking about taxation and all. Just go with index mutual funds. Simple.
And Banks will give only shitty policies against CC.
 
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