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Additional Details
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Premise L...


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Additional Details
i want insurance thats under 100 ...


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thevampiresplace
LIC Market Plus?
Hi, I would like to invest for my childs education. How do the LIC market policy work ? What is the minimum amount I have to invest ? I would like a balanced option in the policy. What would be my returns after say 20 years in worst market conditions if I invest 5000 every year ?

Thanks....
                     
 




Bharat
Rating
You asked the same on Moneycontrol also & got a right reply from Ranjan.

Keep insurance & investment seperate due to charges. It is in our interest. We don't earn & save to give heavy commission to these agents

Start SIP in 2-3 good mutual fund .


Shreeniwas Gadiyar
Rating
LIC has closed the Market Plus Plan on 31.3.2008.


hiteshkkk
Hi!!

I would not advice to invest in LIC's MP. Its an ULIP policy where in much of your money would be diverted to various charges. Instead invest in a good mutual fund. You can invest 5000 every year in a good scheme like HDFC TOP-200, SBI Magnum TaxGain, Reliance Growth, etc. You also have option to invest monthly as low as Rs.500/- per month in some mutual fund schemes. If u invest 500 every month, that will be 1.2 lacs in 20 yrs. You can expect ur investments to grow @ 20% annualized which should be somewhere around 13-14 lacs after 20yrs. Regarding insurance, you can opt for term plan of any good insurance company. These are generally very low priced and have no survival benefit. But are best. For a person with 25yrs of age and life cover of 10 lacs, it will cost just 3000 annually. Check out term plans from ICICI Prulife or MET Life or even LIC.


saahil
HI, take the mutual fund route to achieve your goals. You can invest around 500 Rs per month in good mutual fund schemes such as sundaram select focus, HDFC Top 200 etc.
http://www.investorcamp.blogspot.com


Focus
LIC Market plus is a ULIP plan where in you get insurance cover along with the capital gains for your investment.


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