September 30, 2010 7:45 pm
In that case, just check out the premium allocation charges & Policy admin charges. Generally, these are high.
Hope it will help you.
Endowment plan can not give more than 3.5 %- 4% IRR in long term. Secondly, they are not flexible plans.
Pension plan will give you little more return than endownment plan as due to new IRDA norms, the company has to give min. annual return and for that they will invest max. amount in debt fund.
You’ll have the option of adding extra premium via top-up.
Secondly, annuity / maturity amount in pension plan is taxable.
So, consider all the pros & cons before taking decision.
If I’ve to choose between these two, I will not take either. Instead, I’ll go with equity mutual funds & will wait for final DTC bill to let the rules more clear before taking such major decision of long-term investment.
Thanks.Lic endowment plus is not an endowment plan rather its ULIP
Thanks.Lic endowment plus is not an endowment plan rather its ULIP.
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