5 replies on this article “Best Insurance Policy for a starter”

1. Rishabh Dubey says:

   July 19, 2011 at 5:03 pm

   @ ramesh tx for your suggetion.Now I will invest only in sip

   Reply
2. Rishabh Dubey says:

   July 19, 2011 at 3:20 pm

   @ramesh no my parents are not dependent on me financially.but for future(wife & childrens) everyone has to take minimum 1 life insurance policy . So why not start now.

   @manish no-no for investment purpose i have taken sip.This one should be protection policy for my wife & childrens( in future).

   Now suggest be best one. I am confused between kotak preffered term plan policy and kotak e-preferred term plan policy.

   Is there any other policies better than these?

   Reply
   1. Ramesh says:

      July 19, 2011 at 4:29 pm

      @rishabh

      Get life insurance policy only and only if you have financial dependents. so get it when you have wife and kids. so, do it in future, not now.
      Whatever money you have “alloted” for life insurance, use that for pure investing. Do not donate it to life insurance companies (charity in this case).
      Invest that money for a better wedding / honeymoon / gift for your wife, etc.

      Reply
3. Manish Chauhan says:

   July 19, 2011 at 2:54 pm

   Rishabh

   Kotak Preffered is a protection policy .. If you have financial dependents , you can take it ,. for invstment purpose , but mutual funds

   Manish

   Reply
4. Ramesh says:

   July 19, 2011 at 2:52 pm

   Is there anybody who is dependent on your financially? == Do your parents depend upon you for finances?
   If no, then avoid life insurance (any- term, ulip, traditional, etc).

   Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.