HChoosing an insurance plan and that too ULIP is really very difficult as there are a number of ulip plan floating in the market. I would suggest you not to go for Birla Sunlife platinum plus -III . People might be tempted by the best part of this plan " that it gives a gurantee return of the highest NAV calculated from May 09 to Apr 2016."
It may be noted that this is the first of its kind in the Indian insurance industry. This plan offers Guaranteed Maturity Unit Price. With the Platinum Plus, policy holders participate in the equity market as well as enjoy a Guaranteed Maturity Unit Price. What it means is that the maximum of unit price recorded on the 15th of each calendar month till June 15, 2015 will be the maturity price. Not only this, the allocation charge and fund mgt. charge is also very low as compared to the other ulip plans.
So far so good, now the bad part... when they say , during maturity they will consider the highest NAV in the 7 years, the catch here is that, who is the one to decide the NAV !!but obvisous , it’s the company...furthermore, there is no any trasparency in the NAV as wellas the portfolio of their investment..
Product - Not Recommeneded...The Minimum premium is 50, 000 per year. Please note that do your own research before puchasing this policy and analyze everthing properly.
Tc,