I am 25 yrs old. I am planning to put 5k monthly investment. Can anyone please suggest me the ways to do it.
My plan is
1. 2k/month in LIC’s Jeevan Saral Endowment plan
2. Rs.600/Month in LIC’s term insurance
3. remaining rs. 2400 in Mutual Funds
Please comment on this plan. I am confused about #1 item. I am really not sure whether to go for Life insurance policy or not. Also, Are ULIP plan benificial than normal endowment plans?