Hi, would you advice on investing in Bajaj Allianz Fortune Gain, non-participating unit linked plan ? pros and cons of it
First thing keep in mind is, never combine insurance with investment. Second thing, this is a typical endowment plan. You will be underinsured (ideal insurance coverage should be around 15-20 times of your yearly income) and returns also low. You go ahead with such plans only if you are satisfied with returns of around 5% to 6%. Otherwise, stay away. There are cons than pros about such plans.
thank you for your prompt reply. This was helpful.
Also I have read some of your replies and you have been advising on having a Debt portfolio as a part of the investment plan. May I know what exactly is a Debt portfolio and what % of the investment should be in it if my purpose for investment is growth . Thank you