LIC policy a good decision?
Yes and no.
The result depends on person to person. Insurance is required for all.
Many say they have everything, then why Insurance?
You may have Crores of Rupees with Business. If something happens to you, will it be possible for your family members to sell and make money?
No, once you are not there, a number of problems arise. Life Insurance would be the only Asset which would give immediate cash benefit.
Invest in all instruments, diversify your investements across al instruments to reduce the risk of returns. Invest in Bank Fixed Depostits, Post Office, Life Insurance, Bonds, Mutual Funds, Shares and unlisted shares. But at the same time, consider risk profile – the age in which the Cleint is investing has to be taken care.
The risk in Investments other than Life Insurance should be decreased annualy to get guaranteed fixed income.
