They falsely advertise this as an assured 2.1L income, but this is a gimmick.
On paper, only 4% and 8% of the investment will be returned. They will mention IRDA norms bla bla.
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hdfc sanchay par anyone have a clue on this insurance.
They falsely advertise this as an assured 2.1L income, but this is a gimmick.
On paper, only 4% and 8% of the investment will be returned. They will mention IRDA norms bla bla.
Yeah that tue cause cash bonus that depend how does hdfc will perform it would be between 4 to 8%. That one of reason I was like in 30 year just 6.67%(on a higher side.. actually % is even less) I rather invest somewhere else then.
Today is the last time I had call him regarding my dad transaction so will ask him the last time even though he won't budge. any other cheap way to upgrade to Infinia. My car insurance is due on this month I can change insurance company and pay but extra if he agree even though he won't. But I would like to try though.
True, we can earn 10-20X more with other investment against what we will earn from infinia.
had a word with him.. now 30k p.m x 12= 3.60 lakhs.. and may be even more less than that.. all he want a meeting one on one and I'm denying him that cause these people are smart and i have no time to listen to their b.s.. i think i can bring it down to 1 lakhs in 1 year.. i haven't downloaded the PDF yet.
if 1L a year then 100% i will opt but 5L big NO for me
For 1L i will assume i did SOME FD with 7% return.
called imperia banking for something else.. and for the first time. RM was on the other side.. all my other RM never bother ..so it was dead end.. but he started again cause i gave me a hint if may be.. then he went on and on.. must say they are trained everywell and i kept him on the loose end cause my work isn't yet done. so for LTF he suggested 4lakhs sanchay par and my dad and my card both will be upgrade only cause both of us are family banking.
you gave him hint for 1L?
Yes I did.. he said for ltf 4 lakhs for fyf 3.60 lakhs
so in 4L plan he will issue 2 LTF cards
technically 1 only [Father Ji ka] & aapke paas to already hai bs usko LTF kare ga.
Yes mine is plastic ltf infinia
You mean 4L per annum. And from next year it would be around. 3L . Counting the cashback. And duration 6yrs?
Duration would be 12 year but you can cancel after 1 year though too but it would be bad investment. So after 5 year if you cancel it would advisable as per rm.
Can you pls check the guaranteed surrender value if we cancel after 1 year only?
I didn't asked him nor I checked with online cause I'm very new to this.
This is for 1L 6-year plan. You can get an idea from this. For the age of 27yr old.
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OMG, it is 0. After 5 years also no significant value, have to continue the policy only. @vaibhav111
@vaibhav111 if you see in the screenshot you are losing 65 % in one year as i believe out of 2 lakh you are getting only 70k in return after completing one year... So you can confirm the actual value that you get after one year in your case.. and that is the amount you are paying for 1 infinia LTF ...
My family member had a ulip, policy name was different but usually returns are same.. they used to deduct 16% of annual premium as administrative fees/charges.. but if you invest the same account in mutual funds than the fees will be very low..
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Seriously, just pay ₹12,500/year AF if you have to instead of this ridiculous roundabout way for a "free" card that'll end up costing you much more.