After the post I had created a while ago on how to calculate yearly returns properly using IRR method, I have found another great app to help.
App Link – https://play.google.com/store/apps/details?id=c...
Note: Use premium calculator option and then select PDF for detailed report.
IRR calculator app – https://play.google.com/store/apps/details?id=c...
Check out my previous post for more guidelines on how to combine these two and get a proper annual returns rate out of it – https://www.desidime.com/discussions/info-endow...
App Usages:
- Calculate approximate maturity amount for LIC policies
- Calculate estimated surrender value at different intervals(available in PDF file)
- And more
I hope that you utilise these tools before actually buying a financial product and check the actual side of it. My goal is to spread awareness as much as possible to help you guys stay away from such plans and know what you are getting yourself into.