Thomas Diary - A walk through my life

This blog highlights my investment mistakes in selecting Mutual funds linked with ULIP:

  • Tata AIA Life InvestAssure II, a unit linked Insurance Plan

I invested Rs. 50,000/annum from 2007 until 2013 – 3.5 lacs total investment for 7 years. Received 4.1 lacs total, an increase of about 50000 after 7 years. Had I invested the same in a bank I would have got 100,000 additional

5000*6+5000*5+5000*4+5000*3+5000*2+ 5000 = 5000(6+5+4+3+2+1)=5000*20= 100,000.

  • ING Vysya Life Insurance, a unit linked Insurance Plan

I invested Rs. 100,000 (1 lac-Single Premium) from 2007 until 2013. Received 1.3 lacs after 7  years. Had I invested the same in Bank, I would have got 60,000 more.

  • ICICI Prudential Elite Wealth (ULIP Policy)

I am now investing Rs. 5 lacs/annum, starting from Nov 2013. There are charges such as mortality charge of 699 Rs/month, Policy admin charge of 500 Rs/month and Premium allocation charge of 10000 Rs/annum. All these charges were not informed by the Bank person before taking the policy. If I stop the premium payment, money will be locked for 5 years with penalty.

It was a hasty decision without proper research, based on sweet savory talks of marketing guys, from ICICI Bank Kottayam with full of lies.

Do share in the Comments section below, if you have made investment mistakes and want to alert the Readers.


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3 Responses

  1. I invested in TATA AIG Invest Assure II in 2005. Total Premium paid 300,000 @ 25,000 p.a. Fund value as on 21st Apr 2017 271,000. BIG MISTAKE

  2. Hi,
    I was researching on bad performance of Invest Assure 2 and got your link. I ad bad experience and never bought ulips from any company after this. But I was wondering why you kept on buying ulips. They are expensive, underperforming products.

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