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Term Life Insurance Policy
With a monthly premium of Rs.1000 and five years later, that Insurance Policies will be better for me? ?
Looking for a lump sum payment after 5. Policy holder is 19 years old.
SS sure is not the best form of investment … Many of us confuse Investment and Insurance. Investment is something that is saved for use while we are alive. Insurance is something we save for our family to use once we are gone. The goals of investment and insurance are totally different. Many of us take insurance policies as investments. This is the reason why there's a whole bunch of people running after us saying how great your insurance policies are new. Let me explain with a simple arithmetic. Assuming that you pay a premium for the insurance policy of Rs. 25,000 / – for a policy that mature in 20 years The insurance agent would have said that politics is worth Rs. 5 lacs and you would get a bonus equivalent to the same and therefore you would getting Rs. 10 Latin American countries in late 20s. This is a large and most obvious of us are tempted to take this policy. What forget here? 1. A fat portion of the premium we pay in the early years would be paid to the agent as a commission in February. Each year, a portion her cousin (at least 2%) shall be paid to the agent as a commission in March. The insurance company may deduct part of our premium (at least 5%) and expenditure mortality. 4. The insurance company can invest only in debt instruments and therefore the profitability of our investments may not exceed 8 or 9% annually. Assuming to invest the same Rs. 25,000 / – every year in a bank fixed deposit earns an interest rate of 9% per year, what do you think will be the maturity amount? You do not believe me. Is Rs. 13,62,745 / – is Rs. 3,62,745 / – more than your insurance policy would. (Assuming that what his agent said was true and that would Rs. 10 lakes) You may be wondering how this amount more than Rs. Three lakes was reduced. The answer is simple: "THE COMMISSION". Your agent should eat this amount of their investment and therefore you are getting only 10 Latin American countries. What is safe? Insurance is nothing but an agreement between the insurer (the Company Insurance) and the insured (you) to pay an amount as compensation in case of any unexpected event. This amount can vary from a few hundred to a few even one crore. The maximum amount the policyholder can borrow depends on the amount agreed under the insurance policy. So pls do not confuse investment and insurance … For more details on what is safe and how much insurance you need to visit pls: http://anandvijayakumar.blogspot.com/2008/11/insurance.html if the investment is what we want develop an investment plan that can give you pretty good return on your investment. Cheers, Anand http://anandvijayakumar.blogspot.com mail me at if you need anandvijayakumar@ymail.com details.
Life Insurance Facts : What Is Temporary Life Insurance?