How is Jeevan Tarang Policy ??

POSTED BY Sunny singh ON February 10, 2013 4:51 pm COMMENTS (2)

I have taken Jeevan Tarang Policy 3 years back .My monthly premium is Rs10000.I wanted a pension  plan so i was recomended this policy.What are the views on this policy.Is it worth?

2 replies on this article “How is Jeevan Tarang Policy ??”

  1. Dear Sunny, please clarify your requirement. Do you want to invest in a pension plan or do you want to save n invest now to get pension in your later years of your life?

    Thanks

    Ashal

  2. Vikash says:

    One of the worst policy, i have ever seen. Long term return would be less than average inflation. Surrender it. If you surrender after paying premium for 3 years, you are eligible for surrender value which would be close to 30%-40%. However, you have to pay tax that you saved through 80C in last 2 financial year.

    Don’t mix Insurance and Investment.

    Buy online term plan policy from HDFC or ICICI. (At least 15 times of your annual income + liability). Invest your money in equity for long term. (Direct in stock market if you have knowledge or Diversified equity Mutual fund).

    Since your premium is 1.2 lacs per annum. Therefore, You take 1 crore term insurance with 10-20k. Remaining 1 lacs in equity for long term. 9k per month will translate close to 1 core after 20 years with 13% return.

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