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Q.

I am along indendpent 35 yrs, can anybody suggest good insurance plan, which secure my future, some monthly investment or yearly premium policy,
what about birla insurance policy , where we have to pay premium for three years, amount will be triple after 10 yrs,

Tags: years, future, amount
Asked by preeti thakkar, 19 Apr '07 02:59 pm
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Answers (5)

1.

For investment do not go for insurance. Only PURE TERM COVER should be taken. For investment for the long term equity, mutual funds and PPF are better options. The more you put in insurance - bigger loser you are. You will probably realise this when you receive the maturity proceeds.
Answered by RANJAN KARNAD, 11 Jan '09 10:57 am

 
  
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2.

This is V Sridhar here a specialist in Financial Planning. If there r no dependants on u then u do not require insurance. To secure ur future u need to create a good financial plan which should be based on ur needs and objectives in life. The best place where money can grow faster is equities if u have a long term horizon for investment. Read on to understand more about insurance. Taking a term policy is one of the most sensible decision that a person can make. The primay reason why we need insurance is to cover risk. The two risks that the insurance guys talk about r risk of death (life) and the risk of living longer. I really dont buy the explanation that a term policy is not good as u dont recieve any money back on maturity. This is the most hopeless argument anyone can make. Even when u r covered by a traditional policy where u get money back they cut money towards mortaliy charges which is in line with the cost of term insurance. They cant afford to give u free life cover. u ...more
Answered by sridhar veta, 19 Apr '07 11:06 pm

 
  
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3.

Hi Preeti Thakkar Go For jeevan Saral Of LIC For more detail u can call me :098249 08345 or mail me :agr1016@rediffmail.com
Answered by Ashish Rajpura, 19 Apr '07 07:13 pm

 
  
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4.

You should take ICICI Prudential Life Insurance Company's ULIP Plan (Mutual Fund based). There you will get better returns alongwith Tax benefit and Insurance. Here you can pay only for three years and can take plan for number of years according to the age of child i.e. maturity will be between 18-25 years of age. If you want to pay for long, you can pay and if not then pay only for three years. After three years you can withdraw, partly withdraw and can run the plan for a long way. ICICI is the AAA rating company and have given returns 68% in the last year for your deposits and average 38% for the last six years since inception. ICICI is the number one private Insurance Company. If you will compare this with others like LIC there you will find lot of expenses and investment is very low in comparison to ICICI. Plan name is 'Smart Kid" - Education Guaranteed. What is the difference between LIC's Komal Jeevan and this. 1) In ICICI child is nominee, mother is appo ...more
Answered by Satyavir, 19 Apr '07 06:56 pm

 
  
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5.

Hi Ms. Thakkar according to us Insuarance is a contract that keeps you POOR all your life so that you can die RICH. Intrested in making wealth, which according to us means Not only having Money BUT also having Time to Enjoy it & HELP many more Achieve the same. Intrested Do get in touch. Best Regards to you & All, Sameer.
Answered by Sameer R. Tandale, 19 Apr '07 04:47 pm

 
  
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