Hi,

I have been constantly contacted by one from ICICIDirect to go for RIS III scheme. I am 35 yrs old and the report he generated for me has the details as below.

What I Pay:

Rs. 1,00,000/- p.a for 10 yrs i.e. from 35 to 45 yrs

What I Get: – 3 parts to this

1. Rs. 60,895/- per year from 45 yrs to 55 yrs.

2. After 55 yrs, I will start getting Rs.1,11,496 p.a. – On my death my spouse will keep getting this amount forever

3. On death of both, the nominee [say son] will get Rs. 14, 56, 332/-

Is it any worth to consider this option or is there an alternate one? I am not looking to take too much risk by investing aggresively in equity but I can take chances with any other scheme with just 50% investment in equity.

Pls advise