Please suggest a LIC or SBI policy as per the following requirement?



I want to take 6 polices with p.a. premium of 40,000 each (total 240,000), maturing one-by-one at 20,25,30,35,40,45 years from now onwards. I am presently 30.
Requirement is ‘Whole life Cover’ and ‘Good return on the above mentioned duration’. Please suggest any LIC or SBI policy with assumed %return on maturity. I am open to take distributed policies

9 Replies to “Please suggest a LIC or SBI policy as per the following requirement?”

  1. Brother can you buy one from bharti Axa if i offer your best then LIC because its rubbish ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,and in AXA premium paying term is only 3 yr and maturity is upto you after 6 yr any time till 10 ……….whatt say good Return

    LIC and SBI have simple intrest and Bharti have compound intrest

    Actually ma friend shikha is working there and her monthly target is not complete she will loose her job bcoz of that ………………if you wanna buy 6 then buy one from her ……………..she will give uu good wishesh always ,………..i bought one last month cant help her more……….n her dad ….past 2 yr back ………………

    mail me if you are int

    [email protected] plz


  2. I suggest you not to invest equal proportion of amount for all the tenure. Try to invest more amount for the 20 year term and reduce the amount as the term increases.

    You can go for few different companies policies with a combination of traditional and ULIP to balance your investment.


  3. If you are going to take the traditional insurance policy then consider taking a policy for 2,40,000 at a stretch. Because multiple policies will cost more to you as you have to pay the charges and lack the high sum assured rebates etc.. for example take a money back policy for 45 years with a sum assured of 2,45,000 which will give you 1/9th of sum assured after every five years. As you do not need the money till first 20 years you can re invest it in ulips /bank deposits etc. But i am not sure that lic or sbi or even other companies offering such policy for an age up to 75 years as you are 30 now. there are whole life policies which do not provide payments as we have mentioned. Another option is a ulip policy with a term insurance rider option and you can withdraw the part amount at intervals of your choice. any way before making an investment check with all the companies even others you have not mentioned about the charges, premium rate etc.


  4. hi,
    according to me you should invest your amount in reliance life insurance products bcoz they are offering you some automatic switching processes in their plans bcoz of which your capital and interest both are safe and guaranteed.
    plus you will be highly covered with a good insurance cover.
    like i have invested my amount in reliance insurance thru munish (a financial consultant) in march 2006 for tax saving.
    i have invested 30,000/-p.a.
    i’ll be completing my 3 yrs lock-in time in march’09.
    At present i have just checked my fund value which was 1,54,395/-.
    it was suprising for me bcoz from last yr onwards market was so volatile how can i get such good returns then, i contacted munish and he told me that we offer automatic switching in the plans that’s why when market fluctuates your amount is transferred to debt funds and your capital and interest both get saved there only.
    i have again made an investment in reliance only of 1 lakh for tax saving and have alloted units at the value of Rs.6/- per unit.

    SO.I WILL SUGGEST YOU TO SPEAK TO MUNISH FOR THE ADVICE AS HE IS A FINANCIAL CONSULTANT AND HE WILL GUIDE YOU IN THE RIGHT DIRECTION.
    U CAN CONTACT HIM ON 9810582773 OR mail him on [email protected]


  5. I want to tell you one of the best company is Aviva Life INsurance. Colabration of dabur india And aviva us .This company have many plan according to your requriment i also purchase two polices from this company it gives approx 40% return on my investment .You can parchase 3 from your choice or three according to my advice .you Will see the difference of aviva and others . I know a advisor mr kumar contact no is 9990502179.If you wish you call him and know detail.


  6. Please try to understand the meaning of insurance and investments.
    Insurance is not for investment.
    Insurance is a security you provide to your survivors. It is not about what you will get back if you survive the term.
    In that case you should only think of investing your money in MFs.
    Any way, whole life is a legacy that you leave behind for your survivors.


  7. If you are Mumbai based please contact me on 9322250852 or [email protected]

    We have to meet and understand your risk profile and background. I will give you complete lifetime insurance/wealth planning with computerised quote.


  8. Hi,
    Go for LIC’s Jeevan Anand. It will fulfill your requirements: whole life cover and good returns…
    I would suggest the following pattern:

    Term Sum-Assured Premium
    20———-10,00,000———54,274
    25———-10,00,000———40,706
    30———-15,00,000———48,109
    35———-15,00,000———39,234
    40———-15,00,000———32,905
    45———-15,00,000———28,467
    ———————————————–
    total:—— 80,00,000—–2,43,695
    ———————————————–

    You will be getting a total return of 3,37,20,000/- by paying a premium of 75,16,805/- totally. The returns will be paid in respective maturity years.

    And even after getting all the policies matured, you will be having a life long risk cover of 80,00,000/- which will be passed on to your next generation after you.

    There is no other product to match this. imagine a risk cover of 80 lakhs at the age of 75.

    Better avoid ULIPS, because what would you do if the markets see a 60% slide (like it has happened now) when you want to withdraw the funds @ the age of 50? you will have to wait for the next boom in the market to take your out money.

    If you want to get benefited from the share market invest in share or mutual fund. Do not mix insurance with risky investments.

    I have sent you a mail regarding these policies. Please have a look at that. Feel free to contact me in 098945 91216 in case of any clarification needed.

    Regards,
    Vijay


  9. Hi,

    I am agree with Vijay.

    Go for LIC’s Jeevan Anand. It will fulfill your requirements: whole life cover and good returns…
    I would suggest the following pattern:

    Term Sum-Assured Premium
    20———-10,00,000———54,274
    25———-10,00,000———40,706
    30———-15,00,000———48,109
    35———-15,00,000———39,234
    40———-15,00,000———32,905
    45———-15,00,000———28,467
    ————————————–…
    total:—— 80,00,000—–2,43,695
    ————————————–…

    You will be getting a total return of 3,37,20,000/- by paying a premium of 75,16,805/- totally. The returns will be paid in respective maturity years.

    And even after getting all the policies matured, you will be having a life long risk cover of 80,00,000/- which will be passed on to your next generation after you.

    There is no other product to match this. imagine a risk cover of 80 lakhs at the age of 75.

    But also think for LICMF_ULIS which is restricted to Rs.15,00,000/- life risk cover with investment in equity for tenure of 15 years as indian market will be healthy after 15 years and there after it will again slide down. This maturity amount can be re-invested after 15 years in the best available option that time. None of LIC agent will suggest you this scheme who are not known to mutual fund.





Leave a Reply

Your email address will not be published. Required fields are marked *