Dear Sir,
Can you please share your views on SBI Smart Privilege ULIP Plan vs Going for a Direct Conservative Debt Mutual fund (such as GILT long term)?
Note: I do not have a Term Insurance and I see that, with respect to mortality charges, they are charging same what would be charged in a term insurance (in fact, slightly less by few hundreds).
3 Answers
Hi,
May I know, if you have any family member who is financially dependent on you? Do you have financial obligations/liabilities? Are you adequately insured?
Is your investment objective - good returns? or would like to get decent life cover?
yes, entire my family is dependent on me. The insurance I have is about 30 lac in terms of LIC and ULIPs. The current ULIP insurance will end by 2020 (as it is for 10 years duration).
My main objective is to get reasonable returns with absolute protection to the capital. At the same time, through SBI Smart Previlege, I see that I can take the coverage upto 25 years and the mortality charges are same or even very slightly less than the charges in term insurance. There is no fund allocation fee as well as per what I see in the details of that plan
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