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Dr. B. Ramesh
Please tell me about Birla Sun Life insurance, is it safe to invest? Benefits and risks?
It is private insurance, i need to know safe and security of BSL insurance
Yes all the life insurance are safe to invest. Govt regularise and watch all their operations periodically through IRDA. so dont worry about safety.
as told by the LIC agent above, no one cannot run away with our money with out declaration of bonus or returning our money with intrest. the competition between corporates brings more benifit to policy holders.
but speaking in terms of returns you have to check their past performance also including LIC.
compare some more corporates policies, which are identical to your choice of policy in birla.
if you are choosing ULIPS then contact me with the policy details. i can give you the comparisons and comment about the policy.
my mail is
devaraj0910@yahoo.com
guess_is_king
Yes birla sun life is agood company .but invest in polices which gives you tha maximum allocation .These days you have polices wich give you allocation upto 98%
toknowmore
Take care before investing any big money. because, according to my knowledge , no private insurer (except one) not declared any profit or bonus for their policies.
Refer to IRDA website for more details.
Good Luck
P N KRISHNA MURTHY
CHENNAI,INDIA
044-2844 1753
pnkmurthy@yahoo.com
nita
Its not a question of private or govt. company b'coz they all work under IRDA guidelines. But my exp. is that they are not fair with the customers.. better look for other options. Also take details about charges and deductions.
Pratap
Invest in BSL, returns are also good.
no_fe@r
acc to me u should tryfor any other ......since it is a private company?????
arpita
Yes it is safe to invest in policies offered by Birla Sun Life Insurance Co. As all insurance copanies are covered under the rules framed by Insurance Regulatory Authority, there is no risk to choose any policy of any company that suits your insurance needs and investement capacity.
Before choosing any policy, study the benefits offered by that policy and risks covered by the same. Go through the terms and conditions of the policy and select a scheme suitable to your needs.
Take advantage of rider benefits that are allowed for that particular policy.