Welcome to Investmentkit.com Q&A, where you can ask questions related to investments & savings and receive answers from experts & other members of the community.
1 like 0 dislike
asked in Insurance by (670 points)

Please log in or register to answer this question.

2 Answers

1 like 0 dislike
Yes, you can say. But I'll say taking insurance policy from post office is less worst then taking it from LIC. You're just comparing bonus rates. Did you check IRR of endownment or money back policy of post office or LIC? Your PPFand bank FD are giving more returns than those policies.

To cover risk, take online term insurance policy.

It's time to wake up.

Jago mohan pyare!

Admin
answered by (48.8k points)
0 like 0 dislike
I too agree with admin.

(1) If you are opting  PLI for tax purpose, then ELSS is the best for tax saving.

(2) If u r opting PLI for insurance purpose,then term insurance is the best.

(3) If u r forced to take PLI for some reason,then choose the no. of years as minimum as possible.I calculated and found that the return for PLI with less tenure is  always more than that with more tenure.
answered by (290 points)

Related questions

0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer

Do you like this website? Get future updates via our Free newsletter.

Email ID:

 Privacy and Disclaimer  

 www.InvestmentKit.com

...