Wednesday, 18 January 2012

Re: [www.keralites.net] MUTUAL FUND-please help

 

dear sir
It is our mistake too to invest without undrstanding about ULIP ( Unit Linked Insurance Plan).ULIP is an Insurance plan offered by Life Insurance companies and Mutual fund is entirely different form it because mutual funds are running by mutual fund companies.
In ULIP we have single premium and yearly premium mode. You joined in an yearly premium mode. In such case the policyholder should pay the premium for the entire period.Previously IRDA fixed three year locking period now it is five year.When we joined in a ULIP scheme of any company they deduct some amount may be up to sixty percent from the first instalment from second year onwards it may be five or eight percent.Only the remaining portion go to the investment part.So it is better if you can proceed with the remaining instalments.When the market becomes up you will get the benefit. if you surrendor now you will get a nominal amount only.  so wait for a better market situation. 

Reynold.P.G
MotivatorTrainer & Chief Adviser of LIC 
Charter President JCI Alappuzha vembanad Lake city
Past President Rotary Club Of Marari
www.fortunesolutions.in
Mobile +919447707370


--- On Wed, 1/18/12, mohammed rassana <mrassana@yahoo.co.in> wrote:

From: mohammed rassana <mrassana@yahoo.co.in>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Date: Wednesday, January 18, 2012, 5:37 AM

 

dear sir,
 
 all the banks rules are as like as the same. they must give their rules and regulations.
 
 if you pay remaining full amount [ you must pay the remaing balance amount ]to relience  and may get back full amount.
 
 try with your concern agent also.
 
 in my case also  the same with icici bank. i paid two instalment 50000+50000= 100000 one lake
 i cannot pay the third instalment . now they forced  me to pay the third instalment  to get full up to date amount, otherwise they  pay me back only the balance amount  with deduction of their rules. 
 
what can i do? i said ok then you pay me  the balance  as per your rules and regulations . 
 
but stll they didnot pay yet. first this is our mistake. all the banks and bank agent s are theifs.
first they said some thing, afetr that they completely return to side of the bank.
 
if we put our deposite in normal sanvings bank account, instead of this type of  investment with relienc or like icici bank we can get ful amount with up to date interest.
 
totally we are mislead by the bank staffs  and  agent. this should be erased from the banking law
 
 this must  taken to the irda with a group of people who they are affected  like this.
 
 how we can do it?. please consult with the lawyer.
 
thanks
 regards
 em. rassana

From: jamal kk <jamalkk2000@yahoo.com>
To: Keralites <Keralites@yahoogroups.com>
Sent: Wednesday, 18 January 2012 1:35 AM
Subject: [www.keralites.net] MUTUAL FUND-please help

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