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  1. i hav gone through kotak,birla sun life,tata aig, reliance also..but all hav gr8 hidden charges,, i prefer u t go to LIFE INSURANCE CORPORATION OF INDAI Only..bcoz all schemes of pvt companies emerge or invent from LIC new schemes only..also can u imagine all MFs invest some stake in LIC but not in klip, birla insurance or hdfc insurance,,

    pls g ahead with LIC,,,LIFE IS PROTECTED..


  2. Dear Mr.Rathish

    I can suggest you 2 plans of LIC.

    1.Jeevan Nidhi – an endowment plan which can convert to pension plan at maturity. You can transfer the amount to any other Insurance company at that time if you wish.

    2. Market Plus – A Unit linked pension plan which provides risk cover and at the same time your fund will grow according to market conditions.

    You may write to me for further details.

    Good Luck

    [email protected]
    http://www.geocities.com/pnkmurthy/lic.html


  3. ULIP is not an intelligent investment looking at the upfront cost involved.

    As you are particularly interested in Pension plan, I will suggest you to go for Single Premium Pension plan, which allow unlimited topup. So instead of a annual fixed regular premium, you pay any amount at any time.

    What it will save–You will not have to pay high upfront charges as you will have to pay in regular policies.

    As per my research (I am not not a agent like above 2 answerers), HDFC has a good single premium pension plan because of following reasons

    1. only 0.8% Fund management charge. Very effective in long term
    2. Allocation is 94% of 25000, so only 1500/- deducted as premuim allocation charges.
    3. Unlimited topup allowed. allocation rate for topup is 97.5% in first year & 99% from second year onwards.
    4. 24 free switches allowed in a year. Other dont allow more then 3-4.
    5. only 20/- per month policy admin charges. Again lowest