Does hdfc sampoorna jeevan makes sense at all?

[cchelp]

I was offered this insurance cum savings plan, Does any know if how the 4% and 8% returns yearly work? Does hdfc usually offer 8%?
Does this plan makes sense for low risk investment plan?
More info in this link https://www.hdfclife.com/savings-plans/sampoorna-jeevan

 

[PavvanPavvan is verified member.]

No no am using three insurance prdudts from hdfc
IRR of the policy is less then 6% 🙂 FD these days give better

My suggestion do your research get how we calculate IRR am sure it will be less than FD and invest

 

[PavvanPavvan is verified member.]

@TechnoFino @Rkr @vaibhav111 @ashwink @Bigde @VISHESH_BANSAL @Wealth is my birth right! @Walter White @S S V

need your kind input 🙂 seems this will be a good discussion and we can educate more

 

[PavvanPavvan is verified member.]

I was offered this insurance cum savings plan, Does any know if how the 4% and 8% returns yearly work? Does hdfc usually offer 8%?
Does this plan makes sense for low risk investment plan?
More info in this link https://www.hdfclife.com/savings-plans/sampoorna-jeevan

above is just a illustration retrun will not be actual there is addition 5% GST for first year and 2.5% for next year

 

[RkrRkr is verified member.]

@TechnoFino @Rkr @vaibhav111 @ashwink @Bigde @VISHESH_BANSAL @Wealth is my birth right! @Walter White @S S V

need your kind input 🙂 seems this will be a good discussion and we can educate more

@cchelp
Its between 4 to 8% .Not like 8%..
Its just a assumption in their brochure for illustrations purpose.🤪🤪

 

[PavvanPavvan is verified member.]

@cchelp
Its between 4 to 8% .Not like 8%..
Its just a assumption in their brochure for illustrations purpose.🤪🤪

It will be close to 5to6 post adding 2.5% GST 🙂 correct me if am wrong

 

[RkrRkr is verified member.]

It will be close to 5to6 post adding 2.5% GST 🙂 correct me if am wrong

Yes .You are right here.
Most of the return based life insurances are giving the return in the brackets of 4 to 7 % only..
Its sales gimmick of insurance companies to lure the customer to focus on return rather than on insurance..