POSTED BY October 30, 2012 11:29 am COMMENTS (3)
ONI am planning to buy a endownment policy, I came across 2 policies LIC Jeevan Anand and SBI Shubh Nivesh. I am confused as to what would be better option for me. I plan to take the policy for SI of 10 Lacs for the period of arnd 30 yrs.. I am currently 28 yrs of age.
please suggest. also if any other companies policy is there, pls let me know.
Thanks in advance.
Mehul
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Dear Mehul, why do you want to purchase an endowment policy? Do you think 10L Rs. sum assured ‘ll be enough for your family in your absence?
Thanks
ashal
thanks Roshan for the prompt reply and advice…will check out the books…
Dear Mehul,
First of all avoid these traditional policies. before u decide to buy these traditional insurance products, I’d like to suggest u to read a book written by Mr. Manish “Jagoinvestor – change your relationship with money” or “Retire Rich” book written by Mr. Subra. Pure Term insurance + long term Eq, MF + PPF is a best combination.
Thanks
Roshan