Search results

@andrewl33 Also it hits without saying. If you're looking to buy any policy of investing, do you own research. I'm not a certified financial advisor and these are my personal opinions

@andrewl33 Money back, your only get lumpsum amount and few more payment during premium paying period. Annuity is lifetime payment, which you mostly take to replace your monthly income once you retire. It's not suitable until you're working out you have capital which you don't need in the...

@andrewl33 Endowment is something you get sum assured and probably bonus at the end of policy term. Annuity is you get monthly, quarterly yearly payments after maturity. It's like pension for you. Money-back is where you get lump some money at the end of policy period, as well as some % of...

@jimbo57 Yep... Ulip was there, but it wasn't in this form. Again as I said it's okayish for financially illeterate people but for others there are better options out there

@cheddarcheese24 I still haven't found other value propositions for most endowment, money-back etc plans. Only annuity, term, health and cancer cover make sense to me

@courtneye92 That's what I was thinking as they mature, the returns on new g schemes may not be lucrative in the future. I still have time to risk it with equity allocation. But it really was surprising to see such performance with lic g securities

@readysweatygo Yep, but I am confused whether I should go with hdfc with major portion going towards equities it lic with major portion going towards government securities

@zashmaster UTI was also missol, promising huge returns but people didn't get. Which led to risk aversion in majority of people. For us it's common, but not many are financially literate even now, and those are the majority of people taking lic policies and going for safe investments...

Been looking at returns at npstrust. For scheme G LIC PF returns Since inception are at 11.93% For HDFC PF scheme E returns since inception is at 12.05% HDFC has higher returns only in inception last 3 and 6 months from 29/10/2020 HDFC 12.05,4.81 and 18.26 respectively LICPF...

@solent_mark It used to be. Not now. Sorry for the tense

@solent_mark Investment opportunities have increased and become much more easier to invest s Compared to A decade or two ago. Lic have additional 10k deduction in 80c plus government backed hence do many people got in

@cgi2099 It's definately not that much. It's about 30-40% for first year then it keeps on dropping.

@consolatio FD interest is taxable, ppf not so upto deposit of 1.5lac/year

@jcc19240 As said by lic officials. Policy is not an investment, it's insurance against any unforeseen circumstances. Yet most are marketed for investment purposes. Which policy was it though?

@angelgirl77 Thanks will look into them!

@selam My bank has facility to transfer from my bank account to ppf

@despreate I'm still getting the same message!

@selam Every bank has different working I think. Best to check how your bank dues it. Mine just adds it as an account to which I can transfer

I'm finally planning to put approx 40k a month for saving for a deposit for a house (for approx 4-5years increasing the same as income increases). Apart from FDs where to put the money? Currently here's my investment portfolio/month. My net is 100k/month (rounded down) A. 4.16k nps...

@gvze 😊