POSTED BY March 8, 2013 5:05 pm COMMENTS (9)ON
I am being told by my colleagues that Postal Life Insurance is the best type of Investment option a govt. employee could have. It is being said that one can have their premiums returned by three times more at the time of maturity, if started early.
Previously I had two LIC Endowment Policies which I discontinued after discussing in the blog & reading Manish’s book ‘Jaago Investor’. It was a good decision welcomed by me & my family.
I don’t have any dependents.
My question is “Is PLI is the best Investment option provided by Govt.?”
What are the pros & cons of PLI?
I would be really greatful if anybody answer my query in detail, because I have to face my colleagues on Monday, who think I am a looser as I had already invested in those two useless policies & not in PLI.