SBI Shubh Nivesh-Endowment Plan

Hi,

I am looking for some plan which gives returns which are more than fixed deposit, say around 10% or more.

I happened to look upon an endowmnt+insurance plan form SBI Life Insurance known as Shubh Nivesh, which invests in debt instruments and we get returns based on the life cover amount. Link: http://www.sbilife.com/sbilife/content/9_3446

I found this attractive compared to ULIPs because there are no premium allocation charges, fund management charges etc, which are quite high in case of ULIPs.
And although we wont get more returns compared to ULIPs, we can get atleast minimum but stable returns like 10%.

Kindly advice.



Regards,
Kunal.

Endowments plans are worse than ULIPS. present day ULIPs pays commission in the range of 10-15% in the first year, Endowment plans will pay 30% or more commission in the first year which will be paid from your premium money.

ULIPs have clearly defined charges, you get to know how much of your money in being invested. Endowment plans give no breakup of charges, neither they give any indication of how much money is being invested.

In ULIPs you can opt to invest in equities and get better return over a long investment period ( 20-30 yrs)

In case of endowment plans, you can expect a return of 4-6% maximum. There is no 'minimum' or 'stable' return.

Hello Palka,

Thanks for your valuable inputs...



Regards,
Kunal.

SBI Life - Shubh Nivesh is an Endowment product with an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Protection to you and your family. Not only you can save regularly for your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.