POSTED BY June 10, 2012 12:05 pm COMMENTS (10)ON
How is ICICI Pru LifeStage Wealth II Scheme? I am informed the following regarding the scheme:
I pay 5000 K every month for only 5 years. That is annual premium of 60000. And the policy cover is 25 years.
My sum assured would be 35 lac. I am told the policy kicks in the moment i enter the policy. Is it possible that after I pay the first 5000 and the event of my death occurs within a month. Would 35 lac be payed out to my nominee? Would such a high pay out possible for such a less partial premium payed?
I also told that the my premium would be invested and the end of the 25 years I would be getting based on the fund performances, I would get a return of around ~7lac..
So the advantage is I get a good sum assured as death benefit or a return on my investment on the completion of policy term.
Please advise. Or should I go for a term insurance.