Endowment Plus ULIP from LIC.. why to take it?

three benifit a ulip plan offers:
1 risk cover(lower risk cover)
2 tax saving( )
3 return on investment (between 6 to 12 percent)

What about this….
1 Risk cover: if i buy term insurance from lic (higher risk cover)
2 Tax saving: if i invest in PPF(tax saving and return also)
3 ROI : if i would invest in equity directly or in MF(huge return with risk)

Now can anyone tell me what is the better option to invest money? and why??

or tell me in detail about pros and cons of both the options..
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One Reply to “Endowment Plus ULIP from LIC.. why to take it?”

  1. About risk cover, in view of the new DTC rules, ensure that sum assured should be more than 20times the annual premium, so that you become eligible for tax exemption under 80(C).

    Go for ulip, only if you can stay invested for more than 10 years. Otherwise, not.

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