-
-
-
Services
-
-
-
More
-
POSTED BY ON March 5, 2012 10:55 pm COMMENTS (5)
I searched on LIC Jeevan Vridhhi and could not find any post hence raising this. I have no endowment policies open as on date (closed all of them). I heard from some of my friends that this policy gives nice returns. Is it worth investing? I don’t know to calculate actual returns on such investments hence seeking help.
Thanks in advance.
– Sadhana
2021 © Jagoinvestor.com All Right Reserved
Sadhana
You can read Review post of this Plan on below link
http://www.tflguide.com/2012/03/lic-jeevan-vriddhi.html
Sadhana,
Endowment plan usually gives returns in range of 5-7%.
Jeevan Vriddhi Gives returns of 6.77-6.93%.
Review post of Plan you can find on :-
http://strategic-growth.in/finance/index.php/lic-jeevan-vriddhi-plan-a-review/
Sadhana – The actual policy is LIC Jeevan Vriddhi (double d not double h) which is why you could not get the previous discussion http://localhost/jagoforum2/lic-jeevan-vriddhi/2900/
Jeevan Vriddhi appears to be way ahead of the traditional junk plans that generally yield 4%-5% returns.
Unlike general LIC’s plans this one warrants some attention/hard look at least. Having a Term Insurance and maximizing PPF are must even before thinking about adding this policy to one’s portfolio.
Whether it makes the cut to enter one’s Debt portfolio is a combination of several factors including one’s current Asset allocation, liquidity situation, the premium chosen, age and tax bracket amongst other things.
Thanks justgrowmymoney. Your post was extremely informative and the analysis is well rounded. Thank You.
Dear Sadhana, this policy is a close cousin of LIC’s old policy Jeevan Aastha. That too was a good one for HNIs & this one is going on the same route. For the people investing 20-5075K prem. as a single prem. in this policy, are better advised to keep their money elsewhere.
Thanks
Ashal