user
madhur gupta

Question

I am 29 year old. want Invest 120000 in a year via Insurance . Which plan is benefit for me , Endowment or Ulip ?

  • Asked By: madhur gupta
  • On: 12th Jun 2012 6:20 PM
  • Answered Within: 3 Days
expert
MIC Expert

Answer

Dear Madhur,

It completely depends on your risk appetite whether you should go for a Fixed Returns plan like Endowment or a marked to market performance plan like ULIP.

If you feel that your risk taking capacity is low and you want to park your funds in a safe product, then you must opt for Endowment plans like:

LIC Jeevan Saral
ICICI Prudential Guaranteed Savings Insurance Plan
HDFC Life Sampoorn Samridhi Insurance Plan from HDFC Life Insurance

And if your risk taking capacity is high such that you wish to take risks in order to avail higher returns, then you can opt for ULIPs like

ICICI Pru Life Time Premier Plan
IndiaFirst Smart Save Plan
Tata AIG Life Lakshya Supreme

  • Answered By: MIC Expert
  • On: 16th Jun 2012 12:03 PM

Do you like the answer to your Question?

yes
no

Would you like to add your answer to this question?

Stay Connected!