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Q.

I started to invest in LIC 'Jeevan tarang' policy at premium of 58000 p.a and for 20 yrs, the sumassured is 12L and plus any bonus ( predicted 14L) to be taken after 20 years , and i will be paid 5500 permonth from then( as Pension) till life. I am 27 year old. Please suggest if i had taken the step right..

and is there any way to have min 15% interest on money , if so what's tht?

Tags: year old, years, plus
Asked by deepthisatish, 12 Mar '08 08:51 pm
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Answers (10)

1.

U R BEING CHEATED > trust me .. and u r not alone. I CAN tell u its still not too late to change over. Call me after readign below.. trust me i can help!!!
Do you know that a monthly investment of just 3000 rupees in a well performing mutual fund can yield One Crore in 15 years and 4.6 crores in 20 years. (presuming returns at 30% per annum compared to 50+% returns by top 15 Mutual Funds in last five years). Who needs Pension Plan or Money Back Schemes when one can make much more.
Another Example. A typical Money back Insurance policy says Put 10K per year for 10 years. Five years after last installment, You will get 2.2 Lakhs Back( LIC MONEY BACK SCHEME). Good Offer?? Think Again!!. SAME MONEY invested in a quality MF for the SAME TIME can give you more than 20 LAKHS (presuming same investments as above). Surprised?? A little COMMON SENSE and CARE can GROW your HARD EARNED MONEY rather than make your Advisor RICH
For this and many other secrets of investing, which your friendly F ...more
Answered by krish, 09 Apr '08 10:27 pm

 
  
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2.

Since you have already started your investment, it is worthless of suggestions.
First of all growth of your fund - It is almost double only that too over a period of 20 years (Even if it is a systematic investment - Just compare it with Reccuring Deposits)
Next about the pension you get - think the value of Rs5500 after 20 years. Even the salary of class 4 employee may be above 10000 at that time. Then think about your plans.
Answered by Raghesh Mony, 12 Mar '08 08:57 pm

 
  
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3.

Mutual fund can give you more money but be aware you may also loose it.
Mutual funds are subject to market risks. Everyone know hows the market performing.
If you can take the risk then MFs are good choice.
But if you want to be sure of your return then the plan you choose is perfect.
It will also cover your family if something happened to you. but MF's wont cover you.

Think again what you want protection or Risky but more money.

www.mylicindia.com
Answered by tabrej khan, 26 Aug '08 03:12 pm

 
  
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4.

Which LIC policy is best from investment point of view?
Answered by chinmay bhat, 26 Apr '13 05:05 am

 
  
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5.

Hi,
I'm concern about the way ur agent has told u about the plan jeevan tarang.
if ur sum assured is 12lakhs u willl be getting 5.5% of sumassured (ie 12lakhs) after 20 yrs.
so 66000/- u must get yearly in this case.5500/- is for 1lakhs sumassured.

plz u must know ur plan properly,if not plz concern ur agent.Or go with ur lic bond of jeevan tarang to any nearby lic office.u will have full details about ur plan.

I'm an LIc agent,i know many agents will cheat or do wrong things.
But because of few people u cant say LIC is not gd.
LIC is the only firm running from so many yrs and it has always seen gd to there customers. ...more
Answered by priyanka hedaoo, 03 Aug '11 11:21 am

 
  
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6.

I too was looking answer and after reading all other views i too feel its better to invest in mf than in such policies.in respect of long term investments
Answered by ASHISH GARG, 23 Jan '11 12:04 am

 
  
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7.

This was your decision to start this policy. U had taken good decision bcoz we are not suppose to go for market base policies only.
Nitin
Answered by nitin.bund nitin.bund, 16 Jul '10 05:51 pm

 
  
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8.

For any LIC policy in bangalore, please call 9980196699.
Answered by Pradeepkumar S B, 04 Jun '10 08:42 pm

 
  
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9.

I think Endowment plan will be a better choice, as the sum assured and bonus is returned to you, you can manage it better. Here bonus is paid but SA is paid only at the end of 100 years or on death, 5.5% interest is paid on the SA till such time, which is very very little.
Answered by Netguru ji, 12 Mar '08 09:54 pm

 
  
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10.

Mujhe nahi maloom
Answered by rajeev singh, 12 Mar '08 08:53 pm

 
  
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