These days lot of private as well as state run companies are selling Insurance as Investment product (they call it ULIP- Unit Linked Insurance Plan) . I believe in most of the cases the insurance agent is very aggressive in selling the policy. This is because he (Insurance Agent) makes lot of money as commission by selling ULIP products and Insurance companies charge high fees for these ULIP products. I believe, In general return from these ULIPs are poor compared to mutual funds. One should opt for good Mutual Funds instead of ULIPs for investment as Mutual funds have less overhead charges and hence returns are better for the investor.
Fixed deposit is good for short term investment. Fixed deposits (FDs) are not recommended for long duration (say more than 3 years) as returns of FD is almost equal to inflation these days.
You can use this sheet to get an idea of return over period of time. It shows if you invest 1 lac every year for 19 years and let's assume you get a 15% annualized return then at the end of 19th year itself you would be "Crorepati"
Fixed deposit is good for short term investment. Fixed deposits (FDs) are not recommended for long duration (say more than 3 years) as returns of FD is almost equal to inflation these days.
You can use this sheet to get an idea of return over period of time. It shows if you invest 1 lac every year for 19 years and let's assume you get a 15% annualized return then at the end of 19th year itself you would be "Crorepati"
