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.
How to get out of a useless scam of a ULIP/endownment life policy whic gives a cagr of less than 5% over a 20 year term ? What will be the loss in terms cancellation of such a policy ?
I want to take a medical insurance for me as well as my mother and father, Pre existing condition of them: YES
Which insurance is the best for them specifically?
Folks,
My relationship manager sold me an endowment plan called "ICICI Future Perfect" The Overview of the plan, 52,000 per year for 7 years. Then I have to wait for 5 years which is the lock-in period. In my 12 year, I will get my retu...
