Boss the assumption of 8% return is fraud. It will be 5 to 6 % which is very low. And moreover 7.19 lakhs after 25 years would not be sufficient to meet the expenes of that time...choosing pension plan or money back plan is useless, it is fraud done by insurance companies...better use term policies and invest in ppf, fd or sip. Dont mix insurance with investment.
Boss the assumption of 8% return is fraud. It will be 5 to 6 % which is very low. And moreover 7.19 lakhs after 25 years would not be sufficient to meet the expenes of that time...choosing pension plan or money back plan is useless, it is fraud done by insurance companies...better use term policies and invest in ppf, fd or sip. Dont mix insurance with investment.
insurance is another gambling by big corporate, scaring people from big expenditure on acute disease like heart ,kidney and cancer,,it is bigg money churning business,making people work more and pay greedy corporate ,, we whole people pay their share and govt make sure, there will be insurance for whole,
Re: solong medical , transport in govt sector no need to insuran
by Sourindra Chakrabarty on Nov 16, 2009 12:55 PM
Lets not be so much intelligent like Mr Bhupinder singh and ensure our future by insurance. sourindra chakrabarty.
Re: Insurance
by kiran kumar on Nov 16, 2009 03:20 PM
150 times current monthly expenses (minus) the expenses of insured. This is assuming the returns are 8% pa
