http://www.slideshare.net/manish.pucsd/asset-allocation-effect-1737414

Manish

Cheers,
Chirag

thank you

thank you

thre was some mistake
actually at 26 years sum insured is 26 lacks and at 56 sum insured is 1.16 crore.and maturity value is around 1.16 crore also.

thre was some mistake
actually at 26 years sum insured is 26 lacks and at 56 sum insured is 1.16 crore.and maturity value is around 1.16 crore also.

you said ”
yearly premium is :- 81252
risk cover :- @ 27 age it is 260000 normal and @ 56 age it is 11600000.

Tell me what will you do if you die next year , your dependents will get 2.6 lacs . Is that logical ? Is that what you want to provide to your family as risk cover . Just tell me how many months they can survive ?

- same question for age 56 , what will your family do with 11.6 lacs after 30 years from now , with inflated cost , Its same as 2.7 lacs today !! .

You said : marutiy period:- 30 years and maturity value will be around 11600000.

there is something fishy here , yearly premium is 80k and term is 30 years . so total premium paid is 24 lacs , how is maturity value just 11.6 lacs ?

after maturity i will be insured @ age upto 99 years. and cover will be 2500000 normal.

Do you think after 60 you will need Insurance ? will your children need your financial assistance ? will some one be “financially” dependent on you ?

And if the answer is YES , what will they buy with 25 lacs after 30-40-50 years .

Today if you have 25 lacs , it will give you 16-17k of monthly income .

You also said : it is not unit linked and will give me bond paper. please have a look and suggest me shall i go for it.

The only reason “its a bond paper” is the biggest reason why you should avoid it . These policies are long term products and if its long term , it has to be market linked …

Q, Long term
A. Equity

Q. Short term
A. Debt

Understood ?

Dont ask the question “are you getting something with it” , ask the question “What will I miss If i go with it” and “Can I do better than this, If i go with some other products”

Manish

Let me reply for each thing you asked .

Jeevan Anand is one of the money back or Endowment plans . I have talked about them in my earliar articles about them .

First thing is what do you want ?

If its Insurance : Term Insurance is the only asnwer .

If Its Insurance and Investments both : then you can go for MF + TERM combo .

In any case Term Insurance is the thing to go for .

Who says “Term Insurance” is best and only thing one should consider for Insurance .

- Sandip Bandopadhyay , CEO , Reliance Money
- Monika Halan , Chief Editor , Outlook Money
- All CFP’s across India and worldwide

The reason why your friend is calling is waste may have some reasons .

- He does not understand the product himself .

- He does not understand what Insurance means ?

- What is the best interest of a customer in need of Insurance .

- Commisions from Term Insurance is very small when compared with Other Policies .

The shortest advice i can give is “Go for Term Insurance”

Now lets come to other things .

your age will be 26 or 27 depening on the company way of calculation .. generally its “completed years” . Better to take term insurance before your birthday .

thanks for asking that question

Manish