Dear All
I purchased a ICICI Prudential policy named “LifeTime I” in 2005 and have been investing in it @Rs2083 monthly. Anyone familiar with this policy?
My Age is 31 years and I want my portfolio to be 80% Equity and 20% Debt. This is a long term investment for me and I plan to stay invested for another 15-20 years.
I am not clear on which Fund allocation options to select. Until now I have been going with the option that was selected by my advisor in 2005.
I have listed “Fund Options” below available on ICICI Prudential website. Please suggest which combination of “Fund Options” will be best for me. Fund option’s 3 year, 5 year and “from Inception” performance are also available on ICICI Prudential website but I am not good at reading that data and find it confusing. Kindly help.
Flexi Balanced
Flexi Growth
Maximiser
Balancer
Protector
Preserver
Multiplier
I also wanted to increase my monthly premium from Rs 2083 to Rs 4000 monthly. As I am assuming that it will have low service charge (surcharge) considering that I started policy in 2005.
Is it a good decision? Or should I invest my extra Rs 2000 in another policy.