HDFC offering Infinia against investment - is it worth it?

[puneet.lohia]

My Rm is pushing for me to get infinia if I do a ulip. I finally gave up and they settled for a life insurance vanilla i.e. term plan for the infinia if I make the payment term shorter i.e. 5 years.
Is it worth it?
Thanks!

 

[imdjay]

My Rm is pushing for me to get infinia if I do a ulip. I finally gave up and they settled for a life insurance vanilla i.e. term plan for the infinia if I make the payment term shorter i.e. 5 years.
Is it worth it?
Thanks!

Depends if you already wanted to have a term plan. there is nothing wrong in taking it.

 

[phoenix1386]

Yes this is Correct..
Never ever take CC against any type of Insurance investment.. you will always lose majority of the money…Never do anything in desperation..

I am one of those desperate people on this forum who took Infinia against ULIP…

Just earn your Infinia or Infinia Reserve (may be in future) in the traditional way.. (I.e. via, card upgrades, LE, spending criteria , spending years etc ) …this is much more profitable.. at least you won’t lose your investment money…

Be cautious and be safe and there by be HAPPY…

I could be wrong, but I strongly suspect a modicum of sarcasm.

 

[SSV]

I could be wrong, but I strongly suspect a modicum of sarcasm.

you are a smart boy !! .. thats all I can say...

 

[diptarkaroy]

Is there any way to grab Infinia on the basis of ITR?

 

[SSV]

Is there any way to grab Infinia on the basis of ITR?

Yes 36L itr is required
And I heard recently they increased this a bit more.. not 100 sure

 

[diptarkaroy]

Yes 36L itr

And any spending criteria with existing HDFC card on top of this?
Currently I have TNI LTF from HDFC

 

[SSV]

And any spending criteria with existing HDFC card on top of this?
Currently I have TNI LTF from HDFC

If it is ntb , then straight itr is enough..
Otherwise you need 7.5L spends and 8L CL are required..
Numbers may be a little bit out

 

[agrprashant]

My Rm is pushing for me to get infinia if I do a ulip. I finally gave up and they settled for a life insurance vanilla i.e. term plan for the infinia if I make the payment term shorter i.e. 5 years.
Is it worth it?
Thanks!

If you were anyway planning to take a life insurance term plan, then it's fine, provided the numbers work out (how much you're spending on insurance vs how much value you're deriving from Infinia).

Otherwise it's like tail wagging the dog.

 

[colorful_slate]

Yes 36L itr is required
And I heard recently they increased this a bit more.. not 100 sure

Once we have the ITR where exactly we can contact, shall i drop an email to them ? Currently holiding DCB, on email they have rejected the infinia application earlier

 

[SSV]

Once we have the ITR where exactly we can contact, shall i drop an email to them ? Currently holiding DCB, on email they have rejected the infinia application earlier

only for NTB customers , ITR> 36 is enough.
For existing curtomers , you need spends and CL criteria also need to be fulfilled

 

[sumeet]

My Rm is pushing for me to get infinia if I do a ulip. I finally gave up and they settled for a life insurance vanilla i.e. term plan for the infinia if I make the payment term shorter i.e. 5 years.
Is it worth it?
Thanks!

Can you please provide details of RM and where is it from. I am interested if he can provide details.

 

[Deveshm18]

Yes 36L itr is required
And I heard recently they increased this a bit more.. not 100 sure

They’re still asking to buy ULIP for both DCB and Infinia even if you qualify this ITR requirement. Stating that Infinia is invite only and the only way to receive invite is to have investments with the bank like ulips.
For DCB they mentioned a similar thing to me :/

Edit: nvm just saw your comment about this being applicable only to NTB customers

 

[diptarkaroy]

They’re still asking to buy ULIP for both DCB and Infinia even if you qualify this ITR requirement. Stating that Infinia is invite only and the only way to receive invite is to have investments with the bank like ulips.
For DCB they mentioned a similar thing to me :/

Edit: nvm just saw your comment about this being applicable only to NTB customers

They are ruining their image by doing this
HDFC is so popular… I don’t think there would be many people would who are NTB till now

 

[diptarkaroy]

They’re still asking to buy ULIP for both DCB and Infinia even if you qualify this ITR requirement. Stating that Infinia is invite only and the only way to receive invite is to have investments with the bank like ulips.
For DCB they mentioned a similar thing to me :/

Edit: nvm just saw your comment about this being applicable only to NTB customers

They are ruining their image by doing this
HDFC is so popular… I don’t think many people would be NTB

 

[SSV]

They are ruining their image by doing this
HDFC is so popular… I don’t think many people would be NTB till now

This is key here.. that was how they became No 1... targeting NTB ...