Is it worth-full to take Aviva I growth plan for 15yrs ?

POSTED BY Mahendra ON September 25, 2014 7:43 pm COMMENTS (4)

Hi,

I am looking to long term plan. I had researched and talked one of Policybazar.com employee and he has suggested me for Aviva I growth plan and told me to invest money in “Balance fund”. I am 28 yrs old now . I am investing money in MF also for 2k per month. Please let me know if I am on right path.

4 replies on this article “Is it worth-full to take Aviva I growth plan for 15yrs ?”

  1. Hemanth says:

    I think Aviva i growth is a ULIP. Please stay away from ULIPs

    1. Mahendra says:

      Hi Hemant,

      Thanks for your reply!! Can you please give any reason why i should stay why from this ULIP .

      That would be more knowledgeable and understandable so that i would also suggest some one like u are suggesting me.

      1. Hemanth says:

        Check out these articles by Manish

        https://www.jagoinvestor.com/2009/07/perfect-example-of-ulip-misselling.html

        https://www.jagoinvestor.com/2009/05/most-important-questions-you-should-ask.html

        https://www.jagoinvestor.com/2009/02/how-to-manage-ulips.html

        https://www.jagoinvestor.com/2008/05/ulips-who-need-them-who-dont-what-are.html

        Also, investments whould not be mixed with insurance.

        If you want insurance, take a term plan which is very cheap while comapred to ULIPs.

        For investment, invest in mutual funds, PPF which give good returns than ULIPs.

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