I want to invest 25000 per annum – LIC Jeevan Anand or PPF ?

POSTED BY chintu2708 ON September 12, 2013 5:44 pm COMMENTS (6)

I want to invest 25000 per annum. Whether taking lic policy like jeevan anand is better or ppf is better ?? My age is 23 and I want help in understanding how should I move ahead in my financial life ?

6 replies on this article “I want to invest 25000 per annum – LIC Jeevan Anand or PPF ?”

  1. ashalanshu says:

    Dear Chintu, how much large umbrella (insurance cover) ‘ll you get from your Jeevan Anand policy?

    Please answer your logic in detail for opting Jeevan Anand as your choice for your insurance needs?

    thanks

    Ashal

  2. Viren Phansalkar says:

    One can also refer the below article for PPF calculation
    https://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html

    The amount is obviously different, however it can certainly help

  3. ashalanshu says:

    Dear Chintu, if you are walking on a rainy day, ‘ll you purchase an umbrella which covers only 1/2 of your head or the umbrella which is large enough to cover your whole body?

    Thanks

    Ashal

    1. chintu2708 says:

      ya i’ll go for an umbrella which is large enough to cover.
      if i invest 25000 per annum in PPF how much amount i will get after 15 years ??
      i don’t want to with draw this money for 15 years ..
      expecting elaborate and suggestive answer..

      Thank you

  4. Ashish Garg says:

    Hi Chintu,

    Why did you choose LIC Jeevan Anand Policy and PPF as the investment avenues for your 25,000?

    Jeevan Anand is an endowment plan and provides, very low returns as compared to even the FDs. Benefit is that you get some small life insurance which may not be sufficient for you.

    PPF gives you better returns and also interest accumulated is Tax free. Amount invested in PPF is also provide exemption on income tax.

    For life insurance, I suggest you look at an online term plan and insure yourself with a sufficient amount (about 12-15 times of your annual salary) for rest of the amount look at PPF (if you are not already exhausted your 80C limits)

    Else, you may look at some other investment options such as Mutual Funds. You can gain knowledge about MF in this forum as well as various other sources (available online)

    Ashish

    1. chintu2708 says:

      if i invest 25000 per annum in PPF how much amount i will get after 15 years ??
      i don’t want to with draw this money for 15 years ..
      expecting elaborate and suggestive answer..

      tahnk you

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