Dear sir I know you always against about child policies, I got term plan, and health insurance too, as I’m only source of income for family, not going to hide from u, i know child plan returns are not great, as a father i couldn’t control to buy icici pru life smart kid, for 20 years, 5000 per month, i know my decision may wrong sir, but im really concerned about something happens to me then my son won’t suffer, as u know life is unpredictable, Dear sir i want to know if im happy in low return then what should i do now? Im sorry for my irritating questions but trust me i can breathe normally, i can make money in other ways u suggested earlier, u r d best in field, i know u got my all concern and feeling, Atleast i can invest in discipline manner as i don’t habits for savings….i will be grtful to u sir….thnk u so much, ur single reply makes me happy always
Anand-Let us assume that death occurs today (sorry for hard words, but assumption for reality check), for how long your nominee or kid survive with the death claim amount of ICICI Pru Life Smart Kid? 2-5 years? After that who will take care of them? I am more serious than you about your kid’s future. Please answer to discuss further.
Dear sir Good morning, thnk u for kind reply, but according to policy Im insured with 15 lakhs and something happen bad then company will pay rest premiums and after maturity they will get lump sum amount, actually i won’t lie to u, as im in government services so according to salary i was little short for desired term policy cover, then i decided to invest in this policy as evry term policy companies already denied my proposal, as u know 15-20 times according to your salary, respected sir i know u got my concern now, yes we should live in current, for tension free life.. Forget past and don’t worry about future, but trust me i just choosen for extra life cover not as good investment, yes im just 30 years old, and not much aware about investing stuffs, i have seen if u ask help someone in the matter of money, 90%people going to avoid u, yes as i say i have no back up sir, then no one going to care, my wife is simple home maker, trust me i respect u alot from my heart, Atleast my son will get something, when u go to dark even your own shadow leave u, trust me sir i just buy this policy to increase family ? safety and helping cover, we are ashes one day we all going to heaven, u r sooo experienced and professional and practical sir, will i get Atleast 7-8% in 20 years i will be happy. I know in this policy low return due to insurance plus investment, but as im government doctor newly one year back appointed, so salary not much more..im really thnkful for ur reply sir, but now what is your opinion if i continue for 20 years regularly, u r best and i ask pardon for long reply, in ur experience will i get 7-8%? As u know and hope u got my all concern, im deeply thnkful sir…God Bless
Anand-Why every insurer rejected your proposal for term insurance? If you rightly proposed for 15-20 times of your yearly income, then in fact they come forward to issue you plan. You know what you are doing. But still doing it. Rest is left with you. I am suggesting you to buy term plan immediately (no matter which company or no matter online or offline). Think of how many years your family survive with Rs.15 lakh? Also, think of at maturity the amount your nominee receive will suffice your kid’s education??
Extremely sorry for delay in answering, im covered with 1.5 crore term policy sir. Actually i can’t lie to u sir, i wanted more cover but according to my government salary it was maximum 1.5 crore. So i decided for choosing as more security as for my son, Dear sir im totally agree with you, u r best in class and field too, i respect u from my heart, for 20 years as i investing 5000 per month, just wanted to be disciplined savings, as i m not much aware and no habits for savings, so sir i just paid 2 instalment and Policy Inforce, please suggest should i surrender it? If yes then pls help me to choose a systematic investment for 5 k for 20 years, long term investment, sometimes i bother u so much, but i hope u got all my concern, thnk u sir…ur reply will be appreciated, thnk u
Anand-The ideal cover of life insurance must be around 15-20 times. If that much cover you have, then why to worry more about insurance? If you are ready to surrender now with penalty and which you feel OK, then go ahead. Start investing in mutual funds. Rs.1,000 in Franklin India Bluechip Fund, Rs.1,000 in HDFC Midcap Opp Fund or Franklin India Prima and Rs.3,000 into HDFC Balanced Fund.
Thnk u sir for valuable opinion, but how to choose and pay colectively, i mean where i can choose these funds, and for all three how to pay once in month? i hope u got my concern, i mean monthly for 3 funds if i want to pay once 5000, not separate, i don’t know about investing method so seeking help, i will be grtful to u God bless.. Cheers
Respected sir , please reply for above questions. What about ppf sir…and wht ur recommendation, calculate for 20 years and ppf is also giving return, sorry for bothering u, ur help matter for me…mutual funds yes then my query is above… If ppf then reply, when free plssss reply…thnk u so much
Anand-If you don’t know how to act, then go with an adviser of you are whom you feel knowledgeable and can provide you good service.
Anand-Treat PPF as debt portion of your overall investment.