POSTED BY ajay pohekar ON May 20, 2013 4:51 pm COMMENTS (4)

I have one ICICIPruLife SmartKid policy. Fund investment on this is on FlexiGrowth -2. Monthly premium for the same is 3K and I have already completed 5 yrs. for the same.

Currently I want to invest additional 3K / PM. Pleasse suggest what will be right option:

1. Increase premium by way of topup of my current policy

2. or Shall I go for SIP option

3. or Shall I go for SIP + Insurance option.


PS: I don’t need additional policy as I have already few endowment policy of LIC.


Please suggest on above or may be some alternate.




Ajay Pohekar 

4 replies on this article “ULIP Vs. SIP Vs.SIP +iNSURANCE”

  1. Dear Ashish, sorry for to hurt you. Let dear Ajay come with his reply now. 🙂



  2. Ashish says:

    Dear Ashal,

    Felt really hurt here!!! 🙂


  3. Dear Ajay, please do not listen to any noise made (sorry Ashish I’m not hurting you here) here. Please feel free to invest in one more endowment policy from LIC. It’s the best way to make happy your agent’s family. No need to care for your family. Are you getting it?

    Please tell us. 🙂



  4. Ashish says:

    Dear Ajay,

    How much total insurance cover do you have including all your endowment policies? Is it sufficient for your family in case of something unfortunate happens? First of all analyse that.

    As for the current ICICI Pru Smart kid, see what are the benefits you are getting by investing in this policy and how much is the return over a period of your last 5 years. If it make sense to you continue, else handover that policy and invest the proceedings either in some good MF/PPF or both (depending upon your risk appetite).

    Don’t combine your insurance with MF-SIP, keep them completely separate is my suggestion. Insurance is safety cover and MF – SIP for investment and return generation.


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