Is Jeevan Umang good policy?
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Hello Dimers,
Next week my wife birthday and I’m planning to take Jeevan Umang policy as her birthday gift for 50k per year for 15 years.
Can I take the policy. Is it really good?
Are do you have any other suggestions.
Please help me.
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Thanks for the reply.
Can you explain a bit, why bad investment as Jeevan Umang gives life time return and also insurance coverage.
What is SIP? Can I get good returns for 4-5 investment.
Sorry for noob questions.
Dimers
Please provide me your valuable suggestions.
Insurance and Investment should be 2 separate things, Insurance is for Risk Cover and investment is for savings for the future….
SIP is systematically investing in Mutual funds on a regular AUTOMATED schedule
You can invest as little as 500 and go as much as you like and yes you will get good returns in 10-15 years, stay invested..
We all start out as noob one day, no worries..
Brother
At this point which SIP is good to invest with better returns.
Please suggest.
Ppf is better than all these policies whether umang, anand or any other
PPF is safer, I would recommend it for people not very confident about the market, but MF/SIP does provide better returns…
Jeevan Umang or any LIC policy is very good… for the LIC agent.
If you have not applied for policy the take a look at HDFC SANCHAY PLUS
According to me it’s the best policy.
After @tristar suggestion I dropout my plan to invest in Lic plan. I’m planning to invest in SIP once after market correction. Waiting for the market correction 
Is jeevan saral a good policy to continue?
If you’ve paid >3-5 years then Yes, continue, it’s a poor investment but continue the policy through 11-12 years to get some benefit out of it.
The reason we wait for a correction is to first invest a lumpsum amount and then follow through with a SIP..
So if there is a correction in morning, I’d invest let’s say 50K to 1L in let’s say AXIS Blue Chip… and then follow through with a monthly SIP… The initial investment will help with good Averaging of my net NAV…
Always buy additional units whenever there is a correction… Just 10k or 15K…
Bad investment, Use your Bank Account, open a SIP for Axis/ICICI Long term equity fund and invest the same amount.
If you’re looking for Insurance, get a Term plan, not for her, but for you if you’re the main breadwinner.