NRE Fixed deposit or ULIP plan – which is better investment for an NRI ?

POSTED BY praddy.ingle ON February 3, 2014 5:56 pm COMMENTS (5)

Dear Friends,

For a NRI which is a better investment? – NRE Fixed deposit OR one of the ULIP plan i.e ICICI Pru Wealth builder II (ULIP).( Especially if I need it for my 3yr old kid from his longterm point of view). I would really appreciate a good response as all the websites and the small prints of similar policies are a bit confusing.

5 replies on this article “NRE Fixed deposit or ULIP plan – which is better investment for an NRI ?”

  1. praddy.ingle says:

    OK, Thanks Ashal and Rokhan

  2. ashalanshu says:

    Dear Praddy, purchase term cover from your country of residence for yourself. For kid’s education needs invest in NRE FDs, Eq. MFs.



  3. Rokhan says:

    My 2 cents: For 12-15 year plan, do SIP instead of ULIP or FD. After 10 years, if the market is at a peak, you can move out all money into FD, or else do an STP to RD.

    Separately try to get a term insurance. (Try because being NRI myself I am facing difficulty getting term insurance done. Depends on your country of residence, might be easy for you / or a local term insurance might even be cheapper

  4. praddy.ingle says:

    Dear Ashal,
    I am planning to return back after 5 years. I need the money for my kid after approximately 12-15 years. Kindly suggest a suitable investment for me of the two options mentioned above or any thing that you think would be sensible.
    Many Thanks,

  5. ashalanshu says:

    Dear Praddy, do you have any plan to return to India in future? If yes, when ‘ll you return and what is the time, you need money for you kid?



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