Topic: LIC's Profit Plus Ulip Plan for 5 years

I have taken a ulip plan from LIC called Profit Plus(Plan No. 18

in 2008.Under this plan, i have to pay one time premium of Rs.100000 every year till next five year.It means i have to pay 5 lacs till 2012.but i have opted 20 years option for meaturity i.e i can get my money back after 3 year and before 20 years.

and one more thing,i am getting tax rebate on full Rs.100000.

Now, my question is "is it befeficiary for long run"

Please suggest whether should i stay with it or change my plan

Kindly advise

Shailendra

This message was edited 1 time. Last update was at 09/09/2010 12:30:26

gentlemen...

I am really surprised as to why people suggest endowment policies or ULIP..where the initial swallow your initial invesment...It is not worth it..!

Go for a pure term policy or if your health is good...go a for Personal Accident policy (Rs. 45 per lakh)..

Remember any other suggestion from brokers.....it is good ............for the brokers and not for you..!

LIC Pension Plus

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