Is postal life insurance a good option for investment? and I work with a private airline company can I open it.
Pallavi-When we say as an INVESTMENT, then a product which combines insurance with investment is not a proper strategy. Also, we may feel that postal life insurance may provide better return compare to LIC. However, these products are traditional plans. You can’t expect more than 8% returns in long run. Hence, for your long term investment, I suggest you to stay away from such insurance plans.
At the same time, you are not eligible to buy the Postal Life Insurance products as you work in private airline company.
dear sir i think people working in private sector are eligible for rural postal life insurance…i can only efford small monthly premium and i also want tax benefits so which one will be a good option….awaiting your precious reply
Pillai-Yes, but you must be resident of rural India. However, considering this product as insurance means a totally nil insurance coverage.
Dear sir my motto is just saving with a good return so is ppf or Rpli is good and also like to know whn we get the returns is tax deducted from it ( ppf and Rpli)