3 replies on this article “Are ULIP plan benificial than normal endowment plans ?”

1. ashalanshu says:

   October 1, 2013 at 10:17 am

   Dear Deepak, the deadline for old insurance plans has been extended. On one hand, you are saying insurance for your parent need and another hand, you are asking for wealth creation in 35Y, please decide yourself what do you want to acheive? If it’s about, insurance please purchase plain vanilla term covers from the insurer of your choice. If you want to crwate wealth, please opt for pure investment vehicles (like PPF). As simple as that.

   Thanks

   Ashal

   Reply
2. ashalanshu says:

   September 24, 2013 at 12:10 pm

   Dear Deepak, what do you want the end result should decide your investment vehicle. Do you want to create a large corpus from your money or do you want to create a small corpus from your money. Do you really need insurance as of now?

   Thanks

   Ashal

   Reply
   1. DeepakB12 says:

      September 29, 2013 at 11:14 am

      Hi Ashalanshu,

      Thanks for quick response.

      My Parents are dependent on me, as I am the only child. Hence I have to take a insurance policy.

      Also, The reason why I am thinking of to take LIC is to have safe money after 35 yrs for my after retirement days.
      Today is last day of this plan [Jeevan Saral], as per LICI , they are going to stop this product in market from 1st Oct 2013. Is it okay to opt for this Policy?

      What do you think, investing in PPF for 35 years [for ex- 2k/mnth] and investing in LIC Jeevan Saral for 35 years [for ex- 2k/mnth],, which will give better returns??

      Also, If I am going for insurance policy , my one of the biggest confusion is to choose from LICI and Birla Sun LI….
      Is it safe to go with private insurance companies, that to BLSI?

      Thanks,
      Deepak

      Reply

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