tag:blogger.com,1999:blog-1072534379447599771.post6919925519990309669..comments2024-03-22T18:51:07.375+08:00Comments on Anand's Blog: SBI Life Smart Wealth Builder - A Quick ReviewAnand Vijayakumarhttp://www.blogger.com/profile/04069290912727901147noreply@blogger.comBlogger189125tag:blogger.com,1999:blog-1072534379447599771.post-4314257111823072782017-10-29T09:50:24.553+08:002017-10-29T09:50:24.553+08:00Manjit - as explained in this article (https://ana...Manjit - as explained in this article (https://anandvijayakumar.blogspot.sg/2012/05/should-you-exit-your-ulips-now.html) the decision is yours as there are many factors to consider that are exclusive to the individual. If you are interested in personalised financial advise contact me via email at anandvijayakumar007@gmail.com and I can help you out for a nominal fee. ThanksAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-74805869756304215312017-10-29T09:38:36.940+08:002017-10-29T09:38:36.940+08:00Hi - Ask the guy to give in writing that you will ...Hi - Ask the guy to give in writing that you will guaranteed get 1 lac every year for as long as you are alive. if he is able to do that, then buy it. If he says the returns are based on market performance, tell him thank you and leave..<br /><br />PS: I don't think its practically possible . What if you live for 40 years after the 10th year? So by paying 5 lacs you get 40 lacs? that is plainAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-70241362050366000712017-10-26T13:44:34.326+08:002017-10-26T13:44:34.326+08:00Hi sir
Nice post. Thanks for that.
I have enquired...Hi sir<br />Nice post. Thanks for that.<br />I have enquired with the bank.<br />He has explained in the below way.<br />Pay 1 lakh for 5 years and leave it for another 5 years.<br />From 11th yr u will received 1 lakh till the life time.<br />This wealth builder is not linked to mutual funds.<br />Is it true??dwarakanadhhttps://www.blogger.com/profile/03495071994160579800noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-84064225425341690802017-10-17T01:40:53.994+08:002017-10-17T01:40:53.994+08:00hello sir good evening,,,in this january i invest ...hello sir good evening,,,in this january i invest first payment in smart wealth builder policy,,i read all ur comments and i want to surrender it,,,i m living in euorpe,,my agent returned me 8ooo rupee from first payment,,i want to ask u its good for me to continue or not beacause he tell me after 5 year i get 7,5 lakhs ,,,but i m not sure know,,,whts ur suggestion,,pls tell me,,sorry for my Anonymoushttps://www.blogger.com/profile/08755525358077223567noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-34479739922359440282017-10-15T13:20:20.435+08:002017-10-15T13:20:20.435+08:00Mr. Dilip - some comments from my side:
1. I perf...Mr. Dilip - some comments from my side:<br /><br />1. I perfectly understand the difference between life insurance and mutual fund. Mutual fund is an investment, life insurance is an insurance - there is a big difference. I WILL NOT and DO NOT recommend buying an insurance product for investment <br /><br />2. There are plenty mutual funds that offer the same tax benefits and even offer some lifeAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-80141453147347508922017-10-14T19:26:05.043+08:002017-10-14T19:26:05.043+08:00Mr Mohan - Market linked insurance products especi...Mr Mohan - Market linked insurance products especially those with high fees are not advisable for people who are retired or on the verge of retirement. Also, I do not provide personalised financial advise via comments of the blog. If you are interested in a paid engagement pls feel free to reach me at anandvijayakumar007@gmail.comAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-92062820007394727432017-10-14T12:16:25.919+08:002017-10-14T12:16:25.919+08:00That is for the company. It will not impact the re...That is for the company. It will not impact the returns of this product. <br /><br />No there is no such product that can guarantee 8-9% in worst conditionsAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-55802101318640623342017-10-14T12:09:38.349+08:002017-10-14T12:09:38.349+08:00Sorry, I don't provide personalised investment...Sorry, I don't provide personalised investment advise for free. Contact me via email if you want to subscribe for a paid engagement Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-75100804621467239562017-10-11T16:02:06.816+08:002017-10-11T16:02:06.816+08:00You said it well that this policy will not fetch r...You said it well that this policy will not fetch return like mutual fund or other high return schemes ,Where the charges are nominal and return are high . But I personally felt you missed the distinction between Life insurance and mutual fund investment .I would like to consider a case, to define how this investment options works. <br />Let us consider ten people opted for the above life Anonymoushttps://www.blogger.com/profile/03971288235389819921noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-16708246372614998142017-09-23T17:19:19.496+08:002017-09-23T17:19:19.496+08:00Hi Anand:
Today a Bank manager from SBI LIFE came ...Hi Anand:<br />Today a Bank manager from SBI LIFE came to see me and explained the smart wealth builder plan. I am retied and would like to invest in this plan for my wife who is 57 years now. He said that If I invest Rs.100000 for 5 years, she would get an insurance coverage for a sum assured of Rs.15 lakhs. She can opt the coverage of insurance for 30 years as long as she does not withdraw theAnonymoushttps://www.blogger.com/profile/13344335073459336537noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-49608161923826036012017-09-19T08:03:28.474+08:002017-09-19T08:03:28.474+08:00Anand Sir,
Can you suggest high return funds with...Anand Sir,<br /><br />Can you suggest high return funds with slight risk. I am not interested in share or no knowledge in share. <br /><br />Thank you<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-66389565921515195642017-09-18T02:36:42.072+08:002017-09-18T02:36:42.072+08:00On 20th this month SBI will be IPO will be launche...On 20th this month SBI will be IPO will be launched,will there be significant increase in NAV value.Is this good opportunity to invest in such SBI scheme .Also are there any norm which assure garuntee 8-9 % returns in worst conditionsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-11333141591574478262017-09-09T14:57:48.960+08:002017-09-09T14:57:48.960+08:00Pls read this: http://anandvijayakumar.blogspot.sg...Pls read this: http://anandvijayakumar.blogspot.sg/2012/05/should-you-exit-your-ulips-now.html <br /><br />If you want to close the policy, you need to do it when you visit indiaAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-1614879637646688732017-09-04T15:11:19.062+08:002017-09-04T15:11:19.062+08:00sir good morning,
i took sbi smart wealth builder ...sir good morning,<br />i took sbi smart wealth builder plan at the time of house loan ,sep-2017 is my third year pay met due ,untill now i paid 50,000pa .totally 1 lak i paid to day my fund value is on 1 lak Rs.1750/- only gain ,according to bank manager only 5 yers to pay ,then no need to pay ... now what is better one do with this ,shall i continue same , now i am in abroad if i want to close Anonymoushttps://www.blogger.com/profile/10993267053766597351noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-79457344967266648172017-09-01T19:43:58.891+08:002017-09-01T19:43:58.891+08:00Its super unlikely you will get such an amount.
...Its super unlikely you will get such an amount. <br /><br />If the agent can give you in writing that the 11 lakh at the 6th year is guaranteed then i would believe him. otherwise - i wouldn'tAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-28055481808780828892017-08-29T01:20:07.371+08:002017-08-29T01:20:07.371+08:00Hi Anand,
one of sbi life agent told me if you wi...Hi Anand,<br /><br />one of sbi life agent told me if you will invest 50k per year for 5 yr, you will get maturity in 11year 6lakh.. is it possible, Anonymoushttps://www.blogger.com/profile/16351541826169219067noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-6766924811469933272017-08-08T01:41:12.608+08:002017-08-08T01:41:12.608+08:00Thanks sir for such a good information in so simpl...Thanks sir for such a good information in so simple words and without using any jargons.<br />Sir, I bought (as these were recommended by an SBI manager who talked like a real well-wisher) two policies of premium 100000 each in July 2015. I have just paid my third premium for both of these. I felt like cheated when I saw my policy details a few days back. Will it be a good move to discontinue theYogesh Kumarhttps://www.facebook.com/yogesh.madaan.71noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-63020957663746680002017-07-29T12:25:59.295+08:002017-07-29T12:25:59.295+08:00Thanks Krishna. This is the reason why most ulip i...Thanks Krishna. This is the reason why most ulip investors are disappointed while seeing returns because the amount you invest is assumed as 100% invested while calculating returns while agents conveniently forget their fees. <br /><br />Anyways, withdrawing now would result in significant losses as ulips have bad exit clauses in the first few years. Read these articles, they will help you<br /><Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-83538320687943710992017-07-27T13:44:49.902+08:002017-07-27T13:44:49.902+08:00Very good explanation and completely based on fact...Very good explanation and completely based on facts.<br />I already invested in this last year going by the person stating that the returns are market based. I never explained about the charges nor I bothered to ask. Now, i got a return of 3% when the balanced fund shows a return of 15%. And then i realised the huge charges involved.<br /><br />I agree, its better to have a pure insurance krishnanoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-65892801459179881452017-05-28T18:36:46.968+08:002017-05-28T18:36:46.968+08:00Hi - Sum assured s the amount you get at the end o...Hi - Sum assured s the amount you get at the end of the policy tenure or if the policy holder dies during the tenure - it is either or types. So, if a policy holder dies during the policy he will get the 5 lacs irrespective of how much premiums he/she paid. If they survive or outlive the policy they will get the higher of 5 lacs or the current value/NAV of the investment. This 5 lacs assured Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-9036524971748999492017-05-24T17:26:31.785+08:002017-05-24T17:26:31.785+08:00Hi Anand, You have mentioned Sum assured for the p...Hi Anand, You have mentioned Sum assured for the policy Smart Wealth Builder Plan in 2 ways. Which one is considered? 1. Sum assured amount will be given only if the insured person passes away. Otherwise the actual amount after tenure would be less than the sum assured. 2. sum assured 5 lacs means you will get 5 lacs at the end of the policy term of 10 yearsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-68679140099441961522017-04-24T01:00:28.571+08:002017-04-24T01:00:28.571+08:00thanks for the clear explanationthanks for the clear explanationSrichandar Karpuramhttps://www.blogger.com/profile/10142138356631922133noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-30568103293073315762017-04-11T09:38:41.355+08:002017-04-11T09:38:41.355+08:00sum assured 5 lacs means you will get 5 lacs at th...sum assured 5 lacs means you will get 5 lacs at the end of the policy term of 10 years. If you withdraw before, you will not get that money. Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-7432556343270639092017-04-11T09:36:16.633+08:002017-04-11T09:36:16.633+08:00Yes you will get some amount but not the full 1 la...Yes you will get some amount but not the full 1 lac as you have stopped paying the premiums and the company will deduct the yearly fees and charges from that 1 lac and only refund the remainingAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-41471798576408520092017-04-11T09:35:36.891+08:002017-04-11T09:35:36.891+08:00if you want to decide whether it is good idea to c...if you want to decide whether it is good idea to continue this or any other ulip read this: http://anandvijayakumar.blogspot.sg/2012/05/should-you-exit-your-ulips-now.html<br /><br />The chances of getting 10 lacs are not that great as most times agents use extrapolated figures showing returns of 20% or more. Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.com