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