Retirement Policy - Q & A Forum

Q & A Forum › Category: Retirement Planning › Retirement Policy

Shiva asked 7 years ago

Hello Sreekanth, While we all are investing in real estate etc. Do you suggest any good policy from LIC or any other bank to deposit some fund monthly/ quarterly/ early the use it in future for retirement? Regards, Shiva

3 Answers

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Sreekanth Staff answered 7 years ago

Dear Shiva, May I know your current age and investment time-frame?? Do you need Insurance for Risk cover or for investment / wealth creation?

Shiva replied 7 years ago

Hello Sreekant,

I am 31 and planning to accumulate till I reach 50/55 years. This is purely for wealth creation – basic needs at later age and I’m planning for term insurance for risk cover.

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Sreekanth Staff answered 7 years ago

Dear Shiva, If you take Life cover through a Term plant then you may ignore buying any other form of Life insurance cover for wealth creation. You may consider Equity Funds for your long term goal, through SIP (Systematic Investment Plan). In case, you invest in EPF, you can consider it as your Debt allocation. Else, can invest in Public Provident Fund (PPF). Related articles :

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Prakash answered 7 years ago

Thank you!