Topic: Need suggestion to invest 1Lakhs

Hi, I want to invest Rs.1L keeping long term in goal (say more than 10-15 yrs). I want to know where to invest 1L so that i can get a bulk amount after 10-15 years. I heard LIC market plus is one good option. I want to know more details and anyother scheme where i can invest.

thanks

Well market plus is a good plan, but it equity related. If you are well versed with such plans, then it is good.

If you feel some other guaranteed return plans from LIC can help you, then I can suggest a few. Email me if you wish to have details.

This message was edited 1 time. Last update was at 18/09/2009 12:26:56

Invest in a diversified mutual fund over a period. ULIPs are costly and then too suitable for someone who can't invest regularly by himself/herself. If you want to know why ULIP(like LIC Market plus) is costly,

This message was edited 1 time. Last update was at 18/09/2009 12:26:40

I'd suggest Bajaj Allianz's iGain, which will allow you to choose between a variety of fund options. So you can choose one according to the amount of risk you're prepared to take. Anyway, a single premium ULIP is the best bet if you're going to invest in one go. And iGain is an online ULIP.

Thanks for the reply. I was reading a news that the dirct tax will be reduced to 10% for income upto income 10L. If this is impletemented what is the guranteed returns if we invest in Private insurance. Do we get good returns from private insurance ?

Private insurance (say ULIPS) can offer you good return, if you monitor your investments regularly (say quarterly). Also it should be planned for long term.

Can anyone help me out regarding this? I am 27 years old. With an annual income of 4 lpa. And a stable job. Ho much should I get insured for? I am really confused

Hi, your income can be considered your family's most valuable asset because it allows you to obtain the necessities of life. The need for life insurance and the amount required will depend on your personal and financial circumstances.

This message was edited 1 time. Last update was at 18/09/2009 12:31:48

Hi, I know that insurance can be really confusing at times. But with the right help and tools you can plan way ahead in future!

Yeah that’s right, it can very from person to person depending on how much you can spend every month or how much you wanna save in the end. The link above actually seems helpful, try out something that suits you!

hmmm .. I like the thread!
been suffering from the same questions!

but the internet helps a lot!
the link simpleinsurance is pretty cool too.

This message was edited 1 time. Last update was at 14/10/2009 09:38:45

Hi, Invest In BirlaSunlife - Platinum Plus 4 Plan and Enjoy Highest NAV In 7yrs. Min premium/yr is Rs.50k but if you invest for 3yrs, i.e.,Rs.1.5LACS, Your Earning After 7yrs Would Be min of around 6-7LACS.

In Birla sunlife they invest in Debt market where the return is guranteed but return is very less. That is the reason they will pay Highest NAV. If they invest in Equity , they cannot assure the returns.

This message was edited 1 time. Last update was at 14/10/2009 09:38:23

When you invest in Life Insurance Policies, you are offered an option to choose from two categories, Term Life Insurance or Permanent Life Insurance. Term Life Insurance is something that you would invest in when you don't want long term capital gain, where as in Permanent Life Insurance there is no time limit and you carry on paying the premium till your demise. Life Insurance Policies on the whole are governed by the tenure of the policy, the cover they provide, the premium amount that is to be paid and the advantages that they offer. However they vary from company to company.

Market Plus is good plan.

you have option of choosing from four different funds
- Bond Fund
- Secured Fund
- Balance Fund
- Growth Fund

If you can take risk then you can invest in growth fund which will definately give good return in long term.

This message was edited 1 time. Last update was at 27/10/2009 10:43:19

HI SHIKHA

INVEST AS PER YOUR GOALS ,PRIORITY ,ASEET ALLOCATION IS THE KEY FACTOR MONITORING IS IMPORTANT IF YOU GO FOR 10 TO 15 YRS HORIZON .

1) IN MUTUAL FUND GO FOR SIP (100% INVESTMENT )
2) SBI SMART ULIP PLAN 5 YRS PPT ( 52 % RETURN IN 6 MONTHS)
3) INVEST PART OF YOUR MONEY IN PPF
4) CHOOSE FIXED DEPOSIT .

MY INTENTION IS TO MAKE YOUR PORTFOLIO DIVERSIFIED PUT YOUR EGGS IN DIFFERENT BASKETS

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