I am planning to invest 2000 pm contained by vivacity ins. can any body bring up to date me how much can i grasp within 10 years?
I am planning to invest 2000 pm in life insurance. can any body give an account me what is the sum assured after 10 years. is there any policy for 10 years. can i close the account surrounded by between.
thnks
Insurance is not for investment. Invest in Mutual fund to see your money grow.
Insurance companies hold launched several plans. ULIPs are the most sought ones non a days. In LICs ulip plans you can invest monthly. Fill up the ECS mandate alongwith the application form. This option can also be exercised at a after that state. You may take a cover of a minimum of 5 times the annualised premium. ULIPs are a mix of investment and insurance.
ULIPs are just similar to Mutual Funds. The fund value may go up or down depending upon the conditions of the souk .dependent. Therefore, one can not tell the exact figure beforehand.
One more guidance:
If your aim is investment you have better options. For risk cover consider taking TERM INSURANCE, for larger amounts, which have a low premium.
You can invest in Mutual Funds in monthly instalments throug ECS.
Keep your investment and insurance independent of on another.
obedient luck!
Answers: There are policies for 10 years.
You can close this at any time after 3 years.
Sum Assured means, the amount you'll get as an Insurance cover if something happen to you. Sum Assured is 3 to 10 times of your premium. If you invest 2000 pm, you'll get 2.4 lakhs insurance cover.
You should ask for fund value after 10 years not Sum Assured. You'll go and get at least 6 lakhs after 10 years. You can expect even 12 lakhs if you invest correctly.
If you need more information, you can communication me at
kallurikiran(a)yahoo.co.in
or call me on 91-9884 810 710.
Regards,
kiran.
Hi.
I suggest you increase this period to a term of 12 years for better returns.
Ofcourse, if you looking at the opportunity wherein, you may not pay any premium in the years you decision and also withdraw anytime before 12 years, next ULIPs are the best options insurance companies can offer.
Jeevan saral is another product which can be fully clad for you. It allows withdrawals. But premium HAS to be paid annualy. Returns are expected to be righteous, because LIC is exempted from certain taxes on incomes from this product. (Special exemption provided by government of india).
One of the other option can be one product that I have designed. I have name it Jeevan Saral Plus. You may view it here: http://www.freewebs.com/insuranceavenues...
I have my contact number on that site too. Hope you find my pains worthwhile.
Hi, it depends on which policy you are going to take. Here I assume that you are talking roughly Unit Linked Insurance Plan. In ULIPs the money is invested in the stock market, so you will come to know the actual pro only after 10 years. Yes, in between you can hold on to yourself updated about the value of the funds. For eg. you can purloin out a status report after some years and find out what is the actual value of your fund. Yes you can close the account surrounded by between but you stand to lose a bit. Earlier you close, greater will be the loss. So its better to continue for a long period enunciate 6-7 years or so.
http://www.investorcamp.blogspot.com
Jeevan Saral Plan from LIC of India can offer you sum assured of Rs. 5 Lacs if you opt for 2000 pm.
For further details ring up me on 93222 50852
contact your lic agent. he have the calcutions ready in a book which is made available to him by LIC. that path u can get the correct information
u are advised to travel for ulip kind of plan from any insurance agent /company of ur choice
for best options pl contact me at 9311584115
naresh chhabra delhi
Instead of investing in Life Insurance, I suggest you to take Term Plan Which give you more sum assure on less premium. i.e. SA Rs. 1000000/- & Premium approx 4000/- to 5000/- Per Annum & rest of your amount you invest in Mutual Funds near SIP Mode.
This will cover your Insurance need as well as Investment have need of.
I'll explain u further if u call me at 09814054569