Pay 6000 per month for 10 years, get 6000 per month for 30 years!

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Last Comment 2023-04-18

a1992

2023-03-08

Finally good plans are coming from insurance companies! Simply decide your monthly deposit amount and deposit for 10 years, wait for 2 years, and then receive same amount for 30 years guaranteed. In the last year, get all your deposits back! Please message me for details ^_^

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https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139271

ConfirmPassword

2023-03-08

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The plan which you're talking about gives annualised return of approx 6%.

Not advisable to invest. Beware dimers.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139274

Ramta_Jogi

2023-03-08

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Please calculate XIRR for the amount invested overtime and returns over the payout period and post here ^^

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139296

ConfirmPassword

2023-03-08

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IRR would be apt over XIRR and it is 6%. He is just trying to sell policies to get some commissions.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139304

legend101

2023-03-08

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Net return after 42 years of this at assuming average inflation (6%) will be loss of 3,300 rs Screenshot20230308211158Chrome

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139317

legend101

2023-03-08

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If done monthly, it will be -52k Screenshot20230308211736Chrome

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139319

rn09

2023-03-08

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XIRR is 5.576%... Totally Avoid!

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139339

dhinchakrohit

2023-03-08

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@a1992 is this a good plan?

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https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139337

sunnydurga

2023-03-08

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I suggest everyone to invest same in very good mutual funds or best performing strong stocks such as L&T, Unilever, Infosys, Reliance etc. You will be surprised with returns. minimum 10 times the above said.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139352

starbearer

2023-03-08

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Which are good mutual funds to look at, at the moment?

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https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139354

sanjay02sp

2023-03-08

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For This XIRR is Around 5.5%

6000Pm For 10yr or 120 Months with 5.5% RD is = 9,60,120

Then 9,60,120 Rest For 2 Year so FD With 5.5% is = 10,70,824

Then it is SWP for 30 Years With 5.5% is Calulated around = 6000Pm For 30 Years

So Very Bad Investment Option Not Even Beat Inflation

Looks Like LIC Policy Beware

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139442

jevlis.ka

2023-03-08

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OP, let’s reverse this scheme. Keep paying me 10k for 10 years. Wait for 2 years. And I will pay 10k for 30 years. Deal?

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139446

coolboyzhavingfun780

2023-03-08

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Bhai thread delete karde, kuch anap-sanap ho jayega

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139544

UnderNation

2023-03-08

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Don't Fall For This Trap Because, We Can't Predict Future, In Case Of Any Issue With Company " Diwala " Will Happen...

All Terms Are Favourable To Companies Not Us...

This Type Of Schemes Are Already Available In Hdfc Bank... Ask For Lockers They Will Force Us To Take These Schemes Else No Locker Will Be Given..

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9139615

Ramta_Jogi

2023-03-08

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Actually this is not a trap... This would give you tax free returns. Though mostly suited to those who don't understand term insurance or anything else related to investment or those who are happy with around 6 percent post tax returns.

LIC and Absli has come up with such plans under the garb of "insurance cum saving schemes" and try to sell it as an alternative to PPF. I read their brochure though once you ask for the TnC from the agents, they run for cover.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9141391

a1992

2023-03-09

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What people are not realizing is taxation. 1.You can get 7% in FD for example, but no one will give you high FD returns for 42 years, you will have to renew every 3 years at market rates 2. FD returns are taxable, so if you are in high tax brackets, you will get 4% and not 7% after tax 3. Mutual funds can generate better returns, but they are not guaranteed and not everyone invests full amount of savings in a single place. You should put some money in risk free investments as well to diversify risks. 4. IRR for this plan is around 6.2%, as the persons looking at 5.76% are not calculating correctly. You pay monthly and get returns monthly, plus all your invested amount back in the last year. So someone in the 30% tax bracket will receive 9%+ guaranteed tax free returns for any amount they wish to invest, 5k , 50k or 5lacs, there is no limit!

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9141446

makeourdeal

2023-03-09

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Rs 6000 would be exclusive of GST. so basically you are paying taxes in advance to government.

Have a term plan for insurance coverage and invest in index fund and get better return even after paying 10% LTCG tax. PERIOD.

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https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9141892

superdesi

2023-03-09

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If you can't put the full info in the post, then don't post such topics please.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9141898

panchabhut

2023-03-09

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Invest the same 10,000 per month in PPF for 10 years. For next 5 years, just deposit 500 per year to keep the PPF active. You will get much better return on the 15th year. That too absolutely tax free. Then you can buy annuity product if you want and get income for own life, then life of souse and even return of principle to nominee afterwards.

Insurance is an expenditure for coverage of risk. It is never ever an investment.

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9141936

a1992

2023-03-10

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And what will you get out of PPF after 5 months if something happens and you drop dead? 50,000 or much much more? smile

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https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9153308

baaz4u2007

2023-03-15

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I have sorted out 2 plan with high irr

1)Bharti axa smart invest guaranteed plan
2) maxlife smart fixed return digital titanium.

can we buy any one of them ... if yes online or offline which will be good .. any other good alternatives r welcome... i have checked this in policybazaar

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9156503

a1992

2023-03-17

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Please check inbox!

https://www.desidime.com/discussions/pay-6000-per-month-for-10-years-get-6000-per-month-for-30-years?page=1#post_9163895

SmArT_GuYs

2023-03-21

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I think all types of investments have a set of pros n cons... So deciding the best depends upon the understanding and extent of risk an individual can take.

so best option is divide your investments in max type of products which you personally understand and have confidence..