I have decided to invest ONLY in highly secured plans. Shortlisted post office NSC / Monthly income scheme & Jeevan Shanti. Monthly income scheme , Time deposit & NSC gives max of 6.7 % interest only. IF I opt for LIC Jeevan Shanthi – 5 year waiting period, then i am getting 78000 / year as interest for 10 lakhs.. (7.8%) assured till my life time and principle will be returned to my nominee post my death.
Can you pls advise me if I can go with LIC Jeevan Shanti or should stick on to Post office FDs alone? I dont want to consider any other deposits for now
Suggest you to kindly go through my review on LIC Jeevan Shanti and revert with your analysis/more queries..
LIC Jeevan Shanti – Review | Should you invest in New Guaranteed Pension Policy?
Ideally one should not mix insurance with investments.