Everyone to take term insurance Rs. 1-2 cr, for pension start mutual fund SIP, medical insurance Rs. 5+25 lac

My LIC policies and its maturity earnings in Oct 24 now.  I took the policies in 1999 when I was in TOI

10327 pa for 25 years earned me 8883 per month lifetime

11013 pa for 25 years= 275325 becomes just 366,000 (120,000 paid already @ 30k every 5 years)

4540 pa for 25 years= 113,500 just becomes 181,000

Just see how unattractive they are in today's salaries.


Nowadays I am telling everyone to take term (1-2 cr) pension (start small even if it is SIP) and medical ( atleast 5+25) without fail and not to go for traditional plan
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