Hi, I want to invest about 50-60K annually for 3 years. Can anybody suggest me then best possible way to do so.

Asked By: Sanjiv
On: 8th Jul 2012 9:42 AM
Answered Within: 1 Days

MIC Expert

Answer

Hi,

Life Insurance is a long term investment tool. Thus, if you need short term investment tool, you would be requitred to opt for a short term investment tool like mutual funds, stocks, etc. This is because, if you withdraw a Life Insurance Policy is 3 years time, it turns out to be very expensive tool and the returns are not comparable to the market. Thus, a Life Insurance policy provides moderate returns with life coverage only if it is considered for a longer period of time like 10-15 years and not lesser.

Thus, you can opt for Mutual Funds, Fixed Deposits, Stocks, etc. for short term investment opportunity.

However, to know more about Life Insurance Policies, you can click here

Answered By: MIC Expert
On: 10th Jul 2012 1:06 AM

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