ICICI Future perfect plan

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Naren Hakhu asked 7 years ago

HI Sir i need your advise, i want to know is icici future perfect plan is good for investment , right now i save 4000 per month for ppf and 600 for atal pension and 4000 in saving account.apart from this i dont have any other thing, kindly please help should i go for icici future perfect with 50000 per annum or any other thing, i m looking for retirement at age of 60, right now i m 32,kindly please help me if there are other options

2 Answers

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Sreekanth Staff answered 7 years ago

Hi, May I know if you are married and/or have dependents? Do you have any other Life insurance policies in your name?

Naren Hakhu replied 7 years ago

Thanks for responding back, No sir i m not married .and i work in IT sector with 4.50000 Per annum and i have personal loan 7800 per month till 2022 ,As discuss earlier i save 4000 per month for ppf and 4000 saving account and around 600 per month atal pension and i have rs 80000 fixed deposit apart from that i dont have anything ,life insurance or any thing ,plse help me should i invest in ICICI future plan or not ,or is anything else

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Sreekanth Staff answered 7 years ago

Hi, Considering your Profile, suggest you not to buy an Endowment Plan like ' icici future perfect plan', the returns from these kind of plans can be around 4 to 5%. Kindly read : Traditional Life Insurance Plan – A terrible Investment option? In case, you do not have a Medical Insurance plan (besides company provided cover), suggest you to buy one and also a Personal Accident Insurance plan. Kindly read :

You can make your Retirement planning goal as the high priority goal. As you have a long investment horizon, you may start investing in Equity mutual funds and continue investing in PPF and/or EPF. Kindly note that mutual funds do not give guaranteed returns. Related articles :