How's HDFC endowment policy? They're claiming a >30% return on the principal amount. Are there any risks involved with such a policy? Anyone invested in such policies?
No instrument in the world can assure you 30% returns annually.
If you want insurance, buy simple term life policy. If you want investment, buy stocks or MF. I would suggest to avoid fancy products which we don’t understand
It's not for term/life insurance that I'm taking this but purely as an investment option. Since it's giving assured 30% returns.
Ask them to give the assurance about the same on a Stamp Paper as a Legal Document and tell them after that You will invest.
Better, I too will invest as if I get 30% return in 1 Year, I can practically retire in 5 Years.
Sometimes you need to lose money in endowment plans to realise it's never an investment, so take the life lesson by yourself.
