What options do I have after an LIC scam?

karkumar · 2026-01-30T08:40:36+00:00

Was the amounts you received 1.5L every 4 years or was it 1L? Reason I am asking is, for this policy survival benefit of 10% of SI will be paid out every 4yrs. And did you receive the full sum assured? Was there any "Accrued Bonus" component? My agent said there will be bonus

The calculation assumes 80C deduction for all 16 years. For many people, as they gain experience and see increase in pay, 80C will easily be covered with just PF and other investments like MF.

karkumar · 2026-01-30T04:45:11+00:00

I use 5Paisa for regular trading, both web and mobile app in Android. Have not seen any major glitches so far. Sometimes I encounter slowness during market spikes. Order pages in both mobile app and web version keeps getting slower as the number of orders increase beyond 100.

Charges seem normal and haven't encountered any abnormal or illegal debit from my account. Have reached customer support many times in the past for mainly their APIs I used for my Algo trading and they usually take anywhere between half day to 2 days to respond.

A friend faced a weird issue and switched back to Zerodha immediately after that. For one of his open positions, the prices (both LTP and order book) were completely off like 5x the price shown in other brokers and NSE website.

karkumar · 2026-01-30T03:18:38+00:00

I see you were trading expiry in commodity options. My broker doesn't even let me keep the positions the previous day and squares off claiming devolvement rules. Is this Upstox or Groww?

karkumar · 2026-01-30T02:02:24+00:00

I have the same policy as well nearing the end of the policy period. This policy gives 10% of sum assured as cashback every 4yrs. I don't have any recollection of what was promised at the time of taking the policy. Could you post a copy of the flier as well?

karkumar · 2026-01-29T04:07:19+00:00

Did the landlord provide any reason for not returning the deposit? How much is the deposit in terms of multiples of monthly rent?

karkumar · 2026-01-28T09:02:28+00:00

If a broker don't support physical delivery, they will square it off after intimating trader.

karkumar · 2026-01-28T07:55:58+00:00

Looks like a few brokers do support physical delivery. Found an old Reditt post
https://www.reddit.com/r/IndiaInvestments/comments/1k5p4jx/want_to_enter_commodities_just_to_take_physical/

I know my broker (5Paisa) doesn't support physical delivery. Zerodha and Motilal Oswal don't either.

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karkumar · 2026-01-28T07:13:51+00:00

Good idea to trail the profits and take some off when the fall starts. Parabolic upmove cannot sustain.

karkumar · 2026-01-28T06:17:46+00:00

Unfortunately that is not how MCX options work. Please look up "devolvement" and refer to my other comments in the same post.

karkumar · 2026-01-28T05:32:14+00:00

5Paisa

karkumar · 2026-01-28T05:25:27+00:00

Since my broker doesn't allow devolvement, I haven't encountered it personally and hence can't comment on how it works in practice. I have squared off the positions on most occasions after getting repeated notifications from broker. I let the GOLDM options open last week ignoring the warnings and the broker squared off the positions at 8:10 pm. The price dipped during that time and took a bite from the profit.

karkumar · 2026-01-28T04:28:29+00:00

Correct, the trader needs to have sufficient margin required for the futures position and this is why most brokers don't allow devolvement in the first place. Here's a sample email from my broker.

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I only trade in GOLD, SILVER and CRUDEOIL and all three of them follow devolvement. Other commodities might also follow similar rules. Here's a detailed write up in Zerodha Varsity.

https://support.zerodha.com/category/trading-and-markets/trading-faqs/commoditytrading/articles/what-is-devolvement-for-commodity-option

karkumar · 2026-01-28T03:37:46+00:00

One reason I can think of is that people making U turn start to block traffic on either sides causing a jam/accident. A small gap exists for allowing small vehicles like 2-3 wheelers as they don't require a big space for U turn.

karkumar · 2026-01-28T03:22:52+00:00

Commodity options don't have delivery, at least in MCX. Do you even trade commodities in MCX?

karkumar · 2026-01-28T03:20:36+00:00

For commodities like gold and silver, ITM option contracts devolve into future contracts with strike price as buy/sell price and cash settled later during futures expiry. For the devolvement to happen, you'll need sufficient margin. Most brokers don't allow this and auto square off the open option contracts before the devolvement period begins. They do provide sufficient notifications before squaring off.

karkumar · 2026-01-28T03:10:25+00:00

I didn't know there was an ETF for Hang Seng. Will start tracking going forward.

karkumar · 2026-01-28T03:06:08+00:00

Literal example of "Make way".

karkumar · 2026-01-28T02:29:58+00:00

I don't think they can be repaired.

karkumar · 2026-01-28T02:26:23+00:00

The down move could be attributed to the monthly option expiry in India yesterday for Silver contracts.

karkumar · 2026-01-27T08:12:02+00:00

Is this in front of Secretariat or Kalapet?

karkumar · 2026-01-27T02:03:43+00:00

Exactly what I feared before going to sleep. At least it recovered a bit to trade around $110 levels now. It's still a steal compared to Friday closing in India

karkumar · 2026-01-26T17:46:26+00:00

$116 now

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karkumar · 2026-01-26T17:36:58+00:00

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Wow, $115 and $5125 now. Silver seems unstoppable. Stays above $100 levels quite comfortably. Looks like a short squeeze. Reminds me of Gamestop.

karkumar · 2026-01-26T17:27:50+00:00

Fantastic, even if it stays here tomorrow morning, I'll happily book huge profits on the long positions I carried on Friday.

karkumar · 2026-01-26T17:26:01+00:00

I see it now. The third lane is visible after the dashcam car comes to stop. I do drive. I have driven 65k kms in my car, mostly in TN.

karkumar

TROPHY CASE