PeppyMochi

LIC policy

Need an advice on which lic policy to buy as a 24 y old. For the investment purpose. Is lic policy really a good investment product?

11mo ago

Find out if you are being paid fairly.Download Grapevine

ZestyDonut

Stealth11mo

You dont choose LIC Policy. LIC chooses you. Its a matrix which you will not escape.

Your father’s friend will find you.

PeppyMochi

Stealth11mo

Lol 😂

SwirlyBagel

Cargill11mo

yehi paap hua tha mere saath us manhoos ghadi mei

SparklyNugget

Google11mo

You, considering an investment based policy... Tells that you are not aware of how avg returns these investment policies give.

You should at least YouTube this and get some knowledge.

SparklyNugget

Google11mo

Baki LIC policy kya hota hai bhai 🥲... Term, ULIP etc policies hoti hai...

PeppyMochi

Stealth11mo

Actually one of my father's friend trying to sell some policy to me, and it's very difficult to say no to him so I thought atleast buy something which is useful. 🥲

ZestySushi

Stealth11mo

Don't mix insurance and investment. Buy term insurance and look into Equity, Debt, Gold etc. For investments based on risk. Longer the horizon more allocation to equity.

PeppyMochi

Stealth11mo

I already had term insurance.

ZestySushi

Stealth11mo

Simply invest in other areas then. The return is so abysmally low that I just closed one of the older policies by paying 50% penalty because moving out from here would still be beneficial even after the penalty

BouncyBoba

Encora11mo

The only things you need

Term Insurance (10 to 15x annual Income depends on insurance company)
Comprehensive Health Insurance (10 Lakh Base + 90 Lakh Super top up minimum)
6 to 12 months of expenses as emergency fund.
Mutual Funds Parag parikh mutual fund is one of the best ogo for the direct plan or any index fund if you are not sure.

https://joinditto.in/ https://www.beshak.org/ https://amc.ppfas.com/

PeppyMochi

Stealth11mo

Emergency fund 🫠

JumpyTaco

Stealth11mo

i bought smart wealth builder at 22...check those out

PeppyMochi

Stealth11mo

Will check

PeppyMochi

Stealth11mo

What's your opinion on that? Is it worthy enough?

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Personal Finance13mo

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