ULIP or Endowment Plan which is the best for me to invest 5k pm each for my retirement n my daughter’s future?



Hi All,
I am pretty confused whether to take up a LIC or a Ulip for the long term investment. After searching the net and taking to the agents I am totally lost.

My budget is 10k pm. Out of that I want to invest 5k for my 11/2 yr daughter’s bright future and 5k for my retirement and insurance.

Can anyone pls suggest me any good Child Ulip which will cover the life of both the parents as almost all the Ulips cover only the father or the person on whom the Ulip is taken.

Coming to my retirement and insurance(both the combination), pls suggest me with the best plans available in the market(both endowment and ulip)

Also if I allocate the funds in my Ulip in such a way that most of my money will be invested into debit instruments and less into equities then will this secure my returns?? In which charges will be more, Ulip or LIC… ?

Thanks so much,
Bhanusri.

ULIP or Endowment Plan which is the best for me to invest 5k pm each for my retirement n my daughter’s future?
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4 Replies to “ULIP or Endowment Plan which is the best for me to invest 5k pm each for my retirement n my daughter’s future?”

  1. INSURANCE is an EXPENSE , not an avenue for investment.

    For retirement and for your daughter – go for a combination of PPF / SIP IN MUTUAL FUNDS

    For insurance , have enough PURE TERM COVER for yourself.


  2. It’s depends on your age. As per you said you have a daughter 11/2 yr you must need term insurance and another money invest in mutual fund so you get good money at the time of retirement.


  3. I am Delhi based financial advisor provided financial services in the field of Life Insurance [LIC], Mutual Funds, Postal Scheme, Bonds. My email : [email protected] & M 9810270411.

    You may invest in Mutual Funds and LIC.


  4. Since your investment horizon is of minimum 10 years (your daughter being age 11) the ULIP will give you similar returns as a Mutual Fund. Consider investing in Endowment Plus Plan of LIC.

    You may invest Rs. 2500 pm each in your wife and your name so that both of you will be insured for Rs. 9 Lacs each (Opt for 30 times of life insurance)

    For your retirement opt for Pension Plus by LIC. If you are willing to take market risk, then invest in Equity Mutual Fund.

    If you invest less into equities your returns will be moderate.

    Be happy with moderate returns, if you are risk averse person.





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