Some days back , i talked about Why one should avoid products like Jeevan Astha (read here) and ICICI RGF (read here) .
I had talked how they are not very sensible product for anyone who wants to make some good returns from there investments (These products are for those who just want there money back , and no returns) .
Shyam Pattabi writes on his blog , (read here)
How schemes like these which offer guaranteed returns with all kind of complexity does not score on any thing . People buy them with ignorance and because of there emotions (fear) linked to money .
I am glad that i was able to do correct analysis at write time and saved my readers in falling in what i call as “Jeevan trap” going on from many Decades in India .
{ 2 comments… read them below or add one }
Please provide an insight on LIC marekt plus.
Shweta
Its a regular ULIP which is not in top ULIP list . I dont think you should look out at this one . there are other ULIPS which are doing better .. have a look at the IRR too to compare it with others .
Manish