Insurance & SIP

POSTED BY suneetam35 ON May 18, 2012 12:40 pm COMMENTS (3)

As ULIP’s invest in equities so their returns fluctuate is it advisable to go for Term plans and then invest in Mutual Funds, Sip’s?
I am planning to go for Aviva i-Life online term plan, what do you think about this?

Please give me your feedback.
Thanks.

3 replies on this article “Insurance & SIP”

  1. CJ says:

    Agreed with Ashal, Term plans + SIP would score better than ULIP’s

  2. Dear Suneeta, the Term plan + MF combo is always better than a ULIP. You have control to change the fund all together in the middle of the journey, if it’s not performing as per your choice, whereas in case of a ULIP, exit is either not possible or very costly.

    Thanks

    Ashal

  3. Mutual funds invest in all asset classes including Debt. And Equity mutual funds are the ones that build your wealth and THEY WILL FLUCTUATE WITH THE MARKET LIKE ULIPs.

    However going for a Term Plan+ MF SIP is a good idea for wealth protection and generation.

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