Which insurance plan is best in India at the present? I have no insurance till now? Any plans of LIC?
Jeevan anand, endowment, money back etc??
Sir Please suggest
MPK-You knocked the wrong door. I am totally against any insurance product which combines Insurance with Investment. The only Life Insurance I recommend as a MUST is Term Insurance. Also, if possible I always insist to buy it ONLINE. No recommendation like Jeevan Anand, Endowment or Money Back.
Why online?Sir if you want to invest 50-60k then where would you have invested initially?(i)short term of 3-5 years(ii) long term
MPK-Online is cheaper than offline. If you have short term goals then invest in FDs or short term debt funds. For long term goals, combination of debt and equity funds.
FD- IS SBI A GOOD OPTION?
CAN U PLEASE NAME ME A SHORT TERM DEBT FUND?
AND A COMBINATION OF EQUITY:DEBT?
Sir please let me know a short term debt fund and a combination of equity: debt where i can invest?
MPK-FD in SBI is good or not?-There is nothing called BEST FD as the interest rates are almost similar. Hence, chose the bank where you already have savings account and using that account frequently.
Regarding short term debt funds, you can chose funds like HDFC Short Term Debt Fund or Franklin India Low Duration funds.
Debt:Equity is not a readymade product. You have to create on your own based on the time horizon of your goal.