LIC Jeeav Saral Vs Money Back Plan?

LIC Jeevan Saral plan or Money Back Plan table 93-25 which one is good……as i am a private service man and single earning person in my home.

3 Replies to “LIC Jeeav Saral Vs Money Back Plan?”

  1. dont go for endowment plans….. the premiums are high and risk cover is low even return on investment are low…
    calculate your need for the insurance cover and buy online term policy… those are really cheap… remaining amount you can invest in fixed deposits and balance mutual fund…

    with these you will get good coverge with good returns and liquidity of your investments…

  2. Insurance is an expense , not an avenue for investment.

    The returns from a traditional policy will hardly beat real inflation.

    Go for PURE TERM PLAN. Invest the premium saved in a combination of PPF / SIP IN MUTUAL FUNDS / DIRECT EQUITY.

    At maturity you will have much more money than what a traditional policy gives you.

    Remember a term plan has no maturity value. You only pay for the risk. The nominee gets the sum insured only if something happens to you during the term.

    A term plan is 12 to 14 times cheaper than a traditional plan.

    Visit the websites and calculate the premium yourself. An online policy is much cheaper because no agent is involved.

    You can have a look at AVIVA , KOTAK , AEGON RELIGARE .

    I am an insurance advisor.

  3. Now the best is money back plan because the return of jeevan saral isnot known till now. The loyalty addition is yet to declare. Go for 93-25 best plan. or go for Jeevan anand.

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