Topic: Life Insurance for a 25 year old ..

Hi, I am 25 years old and work for a BPO company in Noida. I have 1 ULIP and 3 LIC policies(Jeevan Anand, New Bima Gold and Jeevan Amrit), together giving me 13 lakhs of insurance cover. My take home salry is 25k and above. I wish to know what type of Life Insurance shoud I buy? Term Insurance or ULIP or Pension Plan at this stage of my life? I wish to have a huge corpus at the time I retire @50yrs. I am confused whether I should go for term insurance as it is less expensive at this stage than at 0 yrs down the line. I can spare 25k annually on either term insurance or pension plans or both. Kindly suggest

QUS:

Hi, I am 25 years old and work for a BPO company in Noida. I have 1 ULIP and 3 LIC policies(Jeevan Anand, New Bima Gold and Jeevan Amrit), together giving me 13 lakhs of insurance cover. My take home salry is 25k and above. I wish to know what type of Life Insurance shoud I buy? Term Insurance or ULIP or Pension Plan at this stage of my life? I wish to have a huge corpus at the time I retire @50yrs. I am confused whether I should go for term insurance as it is less expensive at this stage than at 0 yrs down the line. I can spare 25k annually on either term insurance or pension plans or both. Kindly suggest

Ans:

Dear Sir ! Good Day!

your in 25th age and your having Very less cover of insurance .... minimum you should have cover of 80 laks to 1 cr....

1.you please incres your insurance cover form 13 laks to higher ...

2. you should now the diff between ULIP and Tradtinal Policy ...

3.if you go for Ulip there are Chances for have a huge corpus When the time retire @50yrs

4.you need to pay for Long term and booking Profit In between when Market is Good ...

Further Details Mail me ....

gulzar.ahmed@sbilife.com

Thanks

hi,
congrat's for having good policies
know you should have ulip plan in that oyu must have marketplus this is the best ulip plan in which one can have option to get pension as well as investment this will be good plan for you
mayankkhandelwal 9926412361

This message was edited 1 time. Last update was at 22/06/2010 16:16:09

Hi Shiv,

As you are young right now, this is the best time to opt higher Insurance cover and you should go for 35 years term in LIC's Amulya Jeevan. So that you will be covered till the age of 60. Hence, you want good Corpus as well, make balancing of your Traditional plans & Other investments. Best option to make good corpus is to Start a SIP in a good Mutual Fund. Right now you can invest in LIC's Market Plus-I as a single premium option to make good corpus for your retirement. Feel free to contact me to make your complete Financial Portfolio.

Regards,

Bhupesh Khurana
Financial Advisor
# 9810677172
E-mail: khurana.bhupesh@yahoo.com

Shiv wrote:Hi, I am 25 years old and work for a BPO company in Noida. I have 1 ULIP and 3 LIC policies(Jeevan Anand, New Bima Gold and Jeevan Amrit), together giving me 13 lakhs of insurance cover. My take home salry is 25k and above. I wish to know what type of Life Insurance shoud I buy? Term Insurance or ULIP or Pension Plan at this stage of my life? I wish to have a huge corpus at the time I retire @50yrs. I am confused whether I should go for term insurance as it is less expensive at this stage than at 0 yrs down the line. I can spare 25k annually on either term insurance or pension plans or both. Kindly suggest

LIC - Market Plus I (expected to grow 5 times in 10 years and hence your investment will also grow) if you take without riskcover single/regular.

Contact for free consultation.
Pardumman Verma - LIC Authorised Agent (Mob : 9968254297 E-mail : licagentncr@gmail.com)

Hi,

i am sujendra

I am 25 years old and work for a BPO company in Noida. I have 1 ULIP and 3 LIC policies(Jeevan Anand, New Bima Gold and Jeevan Amrit), together giving me 13 lakhs of insurance cover. My take home salry is 25k and above. I wish to know what type of Life Insurance shoud I buy? Term Insurance or ULIP or Pension Plan at this stage of my life? I wish to have a huge corpus at the time I retire @50yrs.

regards,

phe9oxis,

http://www.guidebuddha.com

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