May 24, 2015 05:58 PM
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If you are looking forward to invest in Life insurance and are wondering which policy to buy you may look for the various plans provided by ICICI PRU life insurance co.
The plans are very flexible and tailor made to suit the needs of different segments of customers with different priorities. For youth who is looking for high returns along with life coverage you have ULIPS where you get life coverage upto min 10 times of first premium and you can choose your own investment from equity to bonds to balance r to money market funds as per your risk appetite. This policy is good for people who invest at young are and have a good risk appetite. I personally have a liking for these policies and recommend investing in a balance fund.
For people with low risk appetite or no risk can choose a traditional policy of icici pru however the returns are low may be lower than bank FDs even and for people who want pure insurance can buy a term plan of ICICI pru. The reason for recommending ICICI pru is it is customer friendly easy to file claim gives good returns and easy to pay premium with online premium paying facility and home collection.
Returns that can be expected are as follows ULIPS 12-15% p.a. from a balance fund over long period Traditional plans 4%-5%.
