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Q.

Hello: i am Alpesh. Pls. help me to select LIC policy.

My Annul income Rs. 144000

Family Members. Total 10.

Is Policy " Jeevan Anand" good for me.

Kindly help me.

Asked by Alpesh, 24 Feb '09 11:47 am
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Answers (6)

1.

Alpesh, it is important to set a goal before you choose the Insurance policy. If it is purely to ensure protection to your family in an unfortunate event then go for a pure term insurance policy like Anmol Jeevan. Minimal yearly premium with high assurance amount but no returns will come if you live even after the term(10/15/20 years etc..). If you want regular returns from what you invest then go for any moneyback policy. Do not ty to mix your investment and insurance purposes with ULIPs. My recommendation is to go for Anmol Jeevan and invest in Mutual Funds and/or gold if you have money to spare.
Answered by Guru Prasad, 24 Feb '09 12:14 pm

 
  
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2.

In case you Primarily want Insurance cover then Term Ins. is best because for 10 Lakh Inusrance premium will be aroung Rs 4,000.00 (no-money back)

In case you want Insurance as well as money back then Jivan anand is good......but for jeevan anand your will have to pay premium Rs. 30,000.00 for insurance of Rs. 10 Lakh.......... this premium is very heavy.

now its upto you to decide.........

In case of any queries feel free to contact me on me_sampunein@rediffmail.com
Answered by Sameer, 24 Feb '09 12:18 pm

 
  
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3.

I second GuruPrasad. Ulips and Money back policies will be too costly for you. Donot mix your investment and insurance goals. Go for Amulya Jeevan/Anmol jeevan which will sufficiently cover your life risk
Answered by Srinivas Hamse, 24 Feb '09 12:17 pm

 
  
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4.

It is one of the best, but asper my knowledge it has closed . better to consult any LIC AGENT
Answered by manish, 24 Feb '09 11:49 am

 
  
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5.

Yes this is good policy for all. u also try for ulip planfor pension but u choose for minimum 15yrs not affraid for market that when its go down ,,,,,,it is only cycle term
Answered by vijay kumar, 24 Feb '09 12:06 pm

 
  
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6.

Take LIC'S Term Insurance Only.
Answered by LIC Agent, 03 Aug '09 01:10 am

 
  
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