HDFC ClassicAssure Insurance plan is an endowment plan with premium payment term of only 7 years. You can choose the policy term to be either 10, 15 or 20 years. On the date of maturity, you will get the sum assured + bonuses (if any). It’s a good savings plan and you will need to pay Rs.50,000 for... Read More>>

Hi,



HDFC SL Classic Assure Insurance Plan is a good endowment plan. The details can be given as:

Thus, you should continue the plan till the end to reap the maximum benefits of the Reversionary Bonus and Terminal Bonus that is payable to you on maturity. You can choose PPF or MF but you would not be... Read More>>

Among the 2 plans that you have mentioned, LIC Jeevan Tarang Plan is indeed a good plan. It is a whole life cum endowment plan where if the Life Insured survives after the Accumulation Period, 5 and ½ % of the Sum Assured is paid as Survival Benefit every year post that till the Life Insured is 100... Read More>>

The Maturity Benefit that would have been illustracted to you would have been with an element of Bonus calculated at a 6 or a 10% p.a. However, if less Bonus had been declared by the company, then the Maturity Benefit would obviously be less than anticipated.



Bonus is declared as per the company... Read More>>

If you are looking at a Life Insurance Plan with guaranteed return and tax benefit, then you must avail Endowment Policy where the return is guaranteed. The final return will depend on the huge Bonus Component after it is dclared on a year to year basis. For a 50 lakhs corpus in 20 years time, you... Read More>>

LIC Jeevan Mitra is an endowment insurance plan. There are many variants under this policy. There are many variables which go in to the calculation of the maturity amount. We do not have access to all the details and hence it will be difficult to calculate your maturity amount.



Please visit your... Read More>>

ICICI Prudential Guaranteed Savings Insurance Plan (GSIP) is an endowment policy which guarantees the return of premiums paid at 5% per annum on death of the policy holder. This is a non unit-linked insurance plan which offers limited premium paying option. 



You can click here and read the complete... Read More>>

If you are looking at a short term investment opportunity, you could opt for a Pension Plan such that you can start taking pension from 60 years of age. Alternately you could opt for an endowment plan with guaranteed returns. However, Insurance Policies are typically long term plan. Institutionally... Read More>>

Since HDFC endowment Champion Suvidha Plan is a unit linked plan, the benefits would only be seen by you once the policy nears maturity as ULIPs are front loaded and the charges are paid in the first few years.



Since Insurance and especially ULIPs are long term products, it makes most sense for you... Read More>>

Endowment Policies  or guaranteed return plans should be purchased for the long term, at least a minimum of 10 or 15 years. However, according to the guidelines of the Insurance Regulatory and Development Authority (IRDA), the minimum tenure is 5 years.

However, the policy should be purchased with a... Read More>>