Comparing Platinum Plus III , Smart ULIP , TATA AIG’s Invest Assure Apex.

Posted by Admin on 0

Please refer to previous post on

1) TATA AIG Invest Assure Apex.

2) SBI Life’s Smart ULIP.

3) Birla Sun Life Insurance Platinum Plus III

SBI Life Smart ULIP

TATA AIG IA Apex

Platinum Plus III

Min./Max. Entry age.

8/60 years

18/70 years

18/70 years

Max. maturity age

70 years.

80 years

PPT/Term

3 or 5 year/10 years

10 years

10 years

Min/Max premium.

50,000 yearly

Rs. 90,000 yearly

Rs. 50,000 yearly

Min/Max Sum Assured.

5 times yearly premium

5/60 times yearly prm.

5 times yearly prm.

Guaranteed NAV:

TATA AIG Invest Assure Apex: 100 Reset dates for spread over 10 years

SBI Smart ULIP:168 Reset dates spread over 7 years.

Birla Platinum Plus III: Highest NAV of Working days between 15th may 2009 to 16th August 2016.

Although Platinum Plus III calculate highest NAV on daily basis, the catch here it count highest NAV between 2009 – 2016 that is 7 years and not entire term of 10 years.

Only TATA IA apex calculates highest NAV from 10 years term.

Allocation Charge:

SBI Life Smart ULIP

TATA AIG IA Apex

Platinum Plus III

First Year

15%

9.5%

10%

2nd year-

5%*

4%**

4%

*SBI Smart ULIP has only 3-5 years PPT

**TATA IA Apex Allocation charge is nil from 4th year.

Surrender Charge:

TATA AIG Invest Assure apex: Only after 6th year one can withdraw money without any deduction.

Smart ULIP: No surrender charge after 5th year.

Birla Platinum Plus III: No surrender charge from 3rd year.

Conclusion:

According to me Birla Platinum Plus is a better bet because of flexible surrender conditions. In term of highest NAV TATA AIG has a upper hand but charges are nearly similar to Birla Sun life Platinum Plus III

Tagged as:
About the Author

Write admin description here..

Get Updates

Subscribe to our e-mail newsletter to receive updates.

Share This Post

Related posts

0 comments:

Blogger templates. Proudly Powered by Blogger.
back to top