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Suggestions needed to choose best LIC plan for age under 30
- Thread starter Ram1
- Start date
- Replies 30
- Views 193
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- Tags
- best lic plan suggestions
@drv
I meant any further discussion which might be useful for other members
Lic moneyback policy 20 years.
Jeevan anand
Jeevan utsav
Jeevan umang
These are some ok ok policies.
Jeevan anand
Jeevan utsav
Jeevan umang
These are some ok ok policies.
What plan ?
Insurance or investment ?
Insurance or investment ?
Investment bro .
My requirement is ,
I have to keep paying everymonth until some age,
If something happens to me, family has to get amount.
If nothing happens to me, whole amount i have to get in lumpsum not as pension.
Any suggestion for this ?
Avatar Aang
TF Ace
Check out the XIRR.
AFAIK any LIC policy won't give more than 6.5% XIRR.
It's better to keep your investment and Insurance separate.
AFAIK any LIC policy won't give more than 6.5% XIRR.
It's better to keep your investment and Insurance separate.
U ll end up paying more. I believe Investment n term plan should b different. Every financial expert will advice u same. i am not expert
N if u want same policy then go with hdfc atleast u ll get gud return
Mm I'm confused
These are all different.
Mixing them is a disaster which our earlier generations has suffered.
This is insurance. Take a term insurance which can give you a cover of at least 1Crore.
This is investment. Go thru SIP route.
Consult any good financial planner.
Wait for few more comments. U ll get ur answer
sunit123
TF Legend
Its 2 to 3% for endowment plans
Exactly. . .
When you pay some 30K as premium per annum to LICs Jeevan XYZ plans. They take some 2-5K as mortality and make a life cover for you. Heavens forbid, if something happens to the insurer his survivors get some meger 10L. The rest of the 30K , in invested in some low yielding instruments and their maturity amount may not even yield 8% annual returns.
Instead, enroll for a term insurance of 1crore cover and be done with it. Any company is ok
Investment go by SIP route. Consult a financial planner.
Instead, enroll for a term insurance of 1crore cover and be done with it. Any company is ok
Investment go by SIP route. Consult a financial planner.
thegame
TF Select
best is skip LIC as the max returns you would get ranges from 1% to max 6%, since there was no online banking or exposure to other investment options some 30-40yrs ago, folks went for LIC as it required no effort from them as the agent would do all the job and they used for 80C exemption..
to be on a safer side, best is SFB where currently the interests have gone down below 9% as earlier Unity/NESFB/Suryoday were giving above 9-9.5% and per account its 5L insured and expecting the limit to further increase to 10L by this year..again all depends on how much you are planning to invest every month..
to be on a safer side, best is SFB where currently the interests have gone down below 9% as earlier Unity/NESFB/Suryoday were giving above 9-9.5% and per account its 5L insured and expecting the limit to further increase to 10L by this year..again all depends on how much you are planning to invest every month..
