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I invest 30000 for 3 years in LIC's money plus policy (growth fund). How much I will get after 20 years ?


I invest 30000 for 3 years in LIC's money plus policy (growth fund). How much I will get after 20 years ?

nothing

no 2 LIC

get LIC term plan & Good MF balance scheme 4 more return

more on my blog

Contact ur LIC Devlopment Officer.

Less than you start out with.

Inflation will erode away what apparent gains you may get.

in 1990, $1 USD has the same purchasing power as ~$2 USD in 2007.

So, if you invested 30,000 in 1990, you would have to make a profit of 30,000 + your initial investment for a total of 60,000 just to outpace inflation and break even, and that is in only 17 years time.

For your 'service' they are out to make money, follow the dollar and you will understand. Just because everyone else is doing it doesnt actually mean it is the best thing to do.

in LIC?
you will loss 33% of your capital in huge charges of LIC.
if LIC provides returns at 20% rate, then it may be 7 lakh. but will the LIC provide? we have to wait and see.

while choosing ULIPs you should always go for lesser allocation charges up to 5% only.
taking Term insurance and MF instead of ULIP is also lead to double charges.

go for ULIP with lesser charges and through refferal marketing. this will definetly fill your pocket with little care.
need details?
contact in
firmindevaraj@yahoo.co.in

Sorry this question is not intelligent. Who can tell what is going to happen in 20 years time.
Please dont be fooled my friend. If anyone says that you will get such and such returns in one years time he is lying.
Use your own judgement and dont be fooled by anyone.
anyone who is rich is smart or incredibily lucky. I think the smart ones outnumber the lucky ones.
By the way the smartness in investing means how much risk you can take it is not in the IQ level.
What if the descion you took is wrong can you hold on.
Have you purchased your security after carefully analysing its prospects?
Would you be confortable in holding on to it if your estimate is wrong

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