Inveasting in the ELSS dividend option would mean i will only get the dividend for the profit the MF comp makes..rather no other increment to my principal amount which i have invested????
One more point if i open an ELSS account in 2006 and add to the amount every year will the lockin period expires in 2009 for the whole amount i have invested during these yearss???
So should i opt for the growth option which will increase my profitss????
RE:I agree with santhosh
by nitiz on Aug 21, 2006 02:22 PM
Many of us are not aware of pure term insurance. As rightly said above it is insurance without any payback in case of survival after policy expires. Sum assured is the amount your nominee will receive in case of your death in that period. Since it is pure term insurance thats why its premium it very small.
LIC has two term insurances....go to www.licindia.com for more details.
And yes for 10L sum assured the premium is 2536 for 15 yrs @ 25 yrs.
Product Name : Anmol Jeevan - I Sum Assured - 10L
Age : 25 Policy term (in yrs.) : 15 Payment term (in yrs.) : 15 Yearly : 2,356.00 Half yearly : 1,190.00 Single : 20,820.00
