| Author | Message | ||
     Catalyst Side Hero Username: Catalyst Post Number: 2040 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
another good comment - http://in.answers.yahoo.com/question/index?qid=2011020905155 0AAhMmU8 | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2039 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
here is the litigation "Smart Performer is a NAV based plan wherein there is minimum guaranteed NAV which is equivalent to 5% more than highest NAV achieved recorded in the first 7 years from the launch of product" Plan Name: Smart Performer Insurer: SBI Life Insurance Company Limited Category: Unit Linked Insurance Plan Objective: Financial protection of family and good return on investment SBI Life Smart Performer Plan is a Type I ULIP which means that under the death clause, you are entitled to higher of Sum Assured or Fund Value. The minimum death benefit would be 105% of premiums paid. Smart Performer is a NAV based plan wherein there is minimum guaranteed NAV which is equivalent to 5% more than highest NAV achieved recorded in the first 7 years from the launch of product. | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2038 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
Thanks Basu.... Eligibility for SBI Life Smart Performer Minimum Entry Age: 9 Years Maximum Entry Age: 65 Years Maximum Age at Maturity: 75 Years Policy Term: 10 Years Premium Paying Term: 5 Years, Single Premium Minimum Premium: Rs 50,000 (Annual Mode) source - http://knowledge.policybazaar.com/life-insurance/item/522-sb i-life-smart-performer-review.html | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1499 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
Yes. If you are planning to hold for 10 years, then you will get the highest NAV during those 10 years. Cross check with the fund..agents can mis-sell. The agent might have meant that after 5 years, you can exit without losing anything as many normal funds do a lot of cuts and what you get in hand will be less. This is called surrender value. He might have said that there will be minimal cuts etc if you exit after 5 years. Always speak to the fund directly.. | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2037 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
as of today I paid 2 lakhs only.... | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2036 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
so, if i take the funds after 10 yrs I will be in profit correct as per the highest NAV as of Today. I might be paying only for 5 yrs which means 5 lakhs. Do i need to pay for 10 years? I checked with the agent and i remember him saying that I should pay only for 5 years. | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1498 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
I think the highest NAV is being given just for information purpose. I see the policy term is for 10 years. At the end of 10 years, they will give the money back at the prevailing NAV or the highest NAV, whichever is higher. As on date, the highest NAV is only a notional concept for you as you will not get the highest NAV if you exit before the policy term. Until 10 years, what really matters for you in the prevailing NAV. | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2035 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
nenu oka post lo na fund details post chesa choodu guru..na calculation correct ye na | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2034 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
basu...ni terminology ardham chesukovadam kasta ga vundhi...naaku ee mutual funds or stocks paina koncham kuda knowledge ledhu...nenu eppudu research kuda cheyaledhu... SIP enti and STP enti... | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2033 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
Nos of Units 18218.2166 * as on 07-FEB-2013 Highest NAV for SBI Life Daily Protect Fund - II is 11.06 Fund value should be = no. of units * highest NAV kadha so, na fund value = 18218.2166 * 11.06 => 201493.475 kadha??? | ||
| Whyme Side Hero Username: Whyme Post Number: 4017 Registered: 09-2009 Posted From: 107.214.64.27 Rating: N/A |
Based on what Filmbuff said, i think this fund has done decently well if you are at a loss of only around Rs 3K.. like he said let it recover for another year or two | ||
| Chitti_babu Side Hero Username: Chitti_babu Post Number: 4852 Registered: 03-2012 Posted From: 50.76.50.145 Rating: N/A |
alaa anukoku brother...i would suggest instead if lumsum amount...do a SIP for the same from your DEMAT account.... Coming few years lo elagoo indian stock market baaguntundhi...power of compounding will definitely give you good returns....else....breakeven aithey bayataki vaccheyadamey...still account those cancellation charges as well..all the invested years will be like dead....atleast capital anna teesukoni vacheyyali....device an good exit strategy....or STP Problem with these schemes....ULIP + Insurance which is the catch for marketing their funds...but in reality we have several top notch funds where in we can invest with 0 charges....and reap better benefits and not locked in any scheme...and have insurance covered separately which comes with less premium.... 'Nagendra Haraaya Trilochanaya Basmanga Ragaya Maheswaraya' | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2032 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
idhi...na plan current info... Fund Name SBI Life Daily Protect Fund - II Nos of Units 18218.2166 NAV Per unit(Rs) 10.8337 Value (Rs) 197370.69317942 Fund value(Rs.) 197370.69 * as on 07-FEB-2013 Highest NAV for SBI Life Daily Protect Fund - II is 11.06 | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1497 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
Nenu deenikante daridram policies theesukonna le...endowment policy okati...pedda rod policy.... Don't exit in the first 3 years. After the first three years have ended, see how their performance compares against a benchmark NSE or a HDFC Equity etc.If they are performing in line then let it be. If they are really underperforming, then try to exit...don't throw good money after bad.. | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2031 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
nenu investment purposes ke teesukunna ante ippudu nenu book ayyana anavasaramga 
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| Chitti_babu Side Hero Username: Chitti_babu Post Number: 4851 Registered: 03-2012 Posted From: 50.76.50.145 Rating: N/A |
SBI Life smart performer is ULIP policy with Insurance coverage... Any ULIP mixed with Insurance will attract heavy charges in the first 3 years.... 1st year invested - 100,000 but invested amount will be around 78,000 after charges 2nd year to 4th year invested - 100,000 but invested is somewhere around 88 or 91,000 after charges I guess after 3rd or 4th year charges will be minimal.... So actual investment is not 3 lakhs if invested for the past 3 years... so around 2.5 or 2.6 lakhs....and also depends on your fund allocation or diversification....if all corpus straight into equity, depends on stock mkt and fund management...Hit on the NAV will be directly proportional on the corpus... Anywayz this is a short term fund...better do a SIP and don't exit from any investment...always stay long....have a standing instruction ready under dire circumstances to switch fund to a Debt fund to safe guard capital.... ------------------------------------------------------------ --------- Charges allocation of this fund: Premium allocation charges : 15% in 1st yr, 5% for next 2-4 yrs for 3-5 yrs terms respectively. Admin charges – Rs 60/- per month for full term. For first three years, annual administration charges of Rs 5 per 1000 of sum assured. Fund management charge 1.5% pa. Fund management charge can be increased to 2.5% pa Mortality charge levied on 1st day of each policy month. ------------------------------------------------------------ ---------------- 'Nagendra Haraaya Trilochanaya Basmanga Ragaya Maheswaraya' | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1496 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
I had a quick look at their coverage - is it around 10 times. That is quite low. Basically ga ULIP enduku ani naa question....do you want insurance or investments...if you are paying 1 lakh every year, you are getting Rs10 lakhs coverage..that is quite low As any financial planner would say don't mix your insurance and investment theses. Take a term life plan for your insurance - if you pay Rs10,000 a year, you can get Rs1 crore coverage. And use the balance Rs90,000 and invest in a mutual fund... Unless a ULIP offers a crazy coverage, better not mix your insurance and investments. If you want insurance term life policy ni kottevadu ledu... | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2030 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
na writing endhi ra babu intha chandalanga vundhi...inni mistakes aaa... ippudu 3 thousand loss varaku vachchindi..koncham recorver ayyindi...  | ||
| Catalyst Side Hero Username: Catalyst Post Number: 2029 Registered: 07-2009 Posted From: 76.115.122.60 Rating: N/A |
nenu yearly 1 lakh pay chestunna...SBILIFE - Smart Performer Life Cover monnati varaku 20 thousand loss vune...ippudu 3 loss varaku vachchindi..koncham recorver ayyindi... asalu indhulo invest cheyadam best or waste please advice... |
