ULIP / INSURANCE Relief for Infinia Upsell - Throw back mis-sold policy

[shashankrt]

If someone wants to buy ULIP/other plan to get Infinia, then why would they feel cheated.

They are already know what they are getting into.

Please tell us if we haven't understood anything from this article.

Its a very big assumption that everyone who purchases ULIP knows what they are getting in to or if ULIP suits their investment portfolio. Apart from @SSV and couple of others in this forum (who bought Ulips as it suits their profile AND they were getting Infinia), I have not seen any sensible rationale from most ppl opting for ULIPS for Infinia. Only reason for them to get ULIP is for getting infinia and even after getting ULIP infinia is not guaranteed (hence above rectification to existing rule helps)

 

[iamdhamo]

Soon they will remove rewards for insurance payments

 

[Zacobite]

For general knowledge - for all the policies, offline purchased policy, the free look period is 30 days from policy issuance date.
For online purchased policy the free look period is 15 days from date of issuance of policy

all policies are at 30 days now.. that is the change that has been made

 

[m4b]

You do realize that M4B will not be LTF forever and Axis can easily pull the plug anytime. Also unlike other banks, HDFC does not hand our premium cards like candy. Heck even getting Millenia is a challenge unless you are not in particular income category.
Hence though Infinia devaluations will occur, it will not be like Axis where they overnight killed their CC business and now advertising like idiots to increase their CC sales.

In my view, HDFC sucks. Not worth it fighting for CC like a mad man. I won't say Axis killed it, they have controlled the leakage and it will bounce back soon. This is not about M4B though and I know it's not LTF as well. I have enough capital to keep 10L savings in a family account, so win game for me to get best from Axis. But ULIP, using loopholes to get the. card , Chennai ffs, I don't want that hustle. I have seen people with 10+ ITR, ready to keep 40L in FD to get Infinia but struggling to get the premium candy, it's mental trauma, my friend.
PS: Millenia sucks as well. I got SBI CB in one go. Got pre approved Axis Airtel, HDFC Swiggy, Atlas LTF (burgundy condition), DCB at my disposal from my HDFC branch.

 

[m4b]

Its a very big assumption that everyone who purchases ULIP knows what they are getting in to or if ULIP suits their investment portfolio. Apart from @SSV and couple of others in this forum (who bought Ulips as it suits their profile AND they were getting Infinia), I have not seen any sensible rationale from most ppl opting for ULIPS for Infinia. Only reason for them to get ULIP is for getting infinia and even after getting ULIP infinia is not guaranteed (hence above rectification to existing rule helps)

Anyone opting for ULIP in general is the worst financial decision. Doesn't matter who. Anyone opting for ULIP to get Infinia is the worst decision one can take, it's the Infinia hype people do it. Few people who take that road have much money at their disposal, hence it doesn't matter for them to let go of few ROI or maybe the ROI they will get with Infinia at par with if they would invested that much in other financial instruments.

 

[Zacobite]

Anyone opting for ULIP in general is the worst financial decision. Doesn't matter who. Anyone opting for ULIP to get Infinia is the worst decision one can take, it's the Infinia hype people do it. Few people who take that road have much money at their disposal, hence it doesn't matter for them to let go of few ROI or maybe the ROI they will get with Infinia at par with if they would invested that much in other financial instruments.

to each his own.. i would not completely write off a product..the ecosystem is killing it.. the product by itself is a good one.. like all others

 

[m4b]

to each his own.. i would not completely write off a product..the ecosystem is killing it.. the product by itself is a good one.. like all others

If anyone says this and tries to defend absurd financial instruments, I simply walk away.

 

[Zacobite]

If anyone says this and tries to defend absurd financial instruments, I simply walk away.

May the force be with you.. And that's exactly how it should be.. Walk away if you don't want / like or understand a product.. Dont buy it and then complain.. No one is forcing anyone to buy a ULIP.. People buy basis their own decisions / preference or in lieu of getting something in return as is the topic of this thread.. The mantra you have given is perfect... Walk Away!!! The product can be absurd or maybe the understanding of the product can also be absurd by a few or many.... isnt it?

 

[m4b]

May the force be with you.. And that's exactly how it should be.. Walk away if you don't want / like or understand a product.. Dont buy it and then complain.. No one is forcing anyone to buy a ULIP.. People buy basis their own decisions / preference or in lieu of getting something in return as is the topic of this thread.. The mantra you have given is perfect... Walk Away!!! The product can be absurd or maybe the understanding of the product can also be absurd by a few or many.... isnt it?

Bhai bhai chill, I started with a humorous comment but you seemed to punch down Axis then I made my opinion.
You made me feel like holding M4B is worthless compared to exclusive candy like Millenia, then

 

[Zacobite]

Bhai bhai chill, I started with a humorous comment but you seemed to punch down Axis then I made my opinion.
You made me feel like holding M4B is worthless compared to exclusive candy like Millenia, then

pls recheck.. i have not commented on axis anywhere!! You are mistaken.. It maybe someone else.. 🙂

 

[m4b]

pls recheck.. i have not commented on axis anywhere!! You are mistaken.. It maybe someone else.. 🙂

heat of the moment bhai 😛
aap hi beech mein agya, I didn't check the name. Abhi dekha lol