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Traditional plan with guaranteed returns.

Hello,

I am working for an MNC for last one year. I am looking for some traditional plan with good returns in 5-7 years. Double the amount in this period would make me as happy as peacock. Can you suggest few?

I am 23 yr old, single and I don’t have much responsibilities towards my family. My Father is a Govt.employee and he can take care of himself and mom with his earnings. I do have elder sisters who are married and well settled. There is a health care policy on every member of my family, so I don’t require health insurance too!

I was inclined towards Birla Vision as I heard that its returns are good but wasn’t too sure after reading the broucher as the guaranteed survival amount would sum up to less than what I have invested but returns what people have got in last few years is making me think.

I am looking at investing 50000-1 lakh per year. So I was thinking of going for multiple plans viz..one traditional and other linked to market. It would be appreciated from my end if you can educate me regarding the same.

Thanks and Regards,
Faisal.

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